Wells Fargo Provides Additional Details on Closing Disclosure, Role of Settlement Agent
December 16, 2014
Following up on its announcement in September that it would handle production and delivery of the Closing Disclosure to the borrower, Wells Fargo answered several questions the lender has received from its network of settlement agents. The lender provides details on whether lenders will collaborate on a standard process for meeting disclosure rules, if the new Closing Disclosure can be used before Aug. 1, 2015, if settlement agents can prepare the Closing Disclosure, who will handle disbursements and what happens if a pre-closing walk through results in a change that impacts the Closing Disclosure.
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