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As far as the appraisal we can’t get the appraisers to give us a schedule of fees because they say their fee is based not only on the type of property but the number of acres and the time they put in. They say they don’t want to guess because they don’t want to be bound to it. If we request a quote they normally don’t even get back with us before we have to disclose the LE within the three days.
You had stated above that you assumed I wouldn’t have an issue because I had reflected the fees on my provider list but in one of the counties that we use there is three title companies that we use and all three have totally different fees. How can I disclose for all three. Would I disclose the highest fee for each company. For example if for each company the escrow fee was $225.00, $375.00, $450.00 would I disclose the $450.00? If I disclose the $225.00 and they go with the company that’s $450.00 then I’m way out of tolerance and all three are on our list.
If we disclose an appraisal fee on the LE and when the appraisal comes in the fee is higher is this something that we can re-disclose? I know it’s a zero tolerance category but the appraisers in our area won’t give an estimate so I’m not sure how we can keep from getting a tolerance cure if we can’t re-disclose.
If we disclose using a certain title company’s fees and the customer decides to use a different title company after the initial disclosures are sent out would this trigger a change circumstance so we could re-disclose using the new title company’s fees? Also would it make a difference if the new title company is on our service provider list?
