7 Title’s Product Offerings: ACE Report

 What is the ACE Report?

  • This product is designed for smaller loan types such as HELOC’s which may not require full title insurance.
  • It allows loan originators to focus on the origination process while the title work is cleared by title professionals.

What is included in the  ACE Report?

  • Full service current owner property report
  • Prompt delivery
  • Assistance provided in solving title issues
  • Certificate of Lien Position

What is the cost and turn time?

  • $125.00 for the ACE Report
  • Delivered back in 3-5 days

**Recording Service also available**

Please let us know if you have questions or would like more information about this product or any other 7 Title products or service!

EMPLOYEE CORNER

 

GET TO KNOW JANE SLAUGHTER

How long have you worked at 7 and what is role?

I have worked for 7 for almost 2 years (May 27th will be my anniversary) I am a Mortgage Loan Coordinator which is another term for Mortgage Loan Processor, but because we now do it all (processing and closing) we are called coordinators.

What keeps you working at 7 and motivates you every day to come into work?

The people I work with, both within my department and in 7 Title!! This job is difficult and sometimes very stressful, at best, and working with incredibly warm, fun, knowledge people make it all worthwhile. I have a manager who I know has my back  and technology to help do my job but seriously it is the people I work with on a day to day basis…”my work family”!!!

What does your perfect weekend look like?

Winter…..staying in, cooking, catching up on TV shows I have dvr’d, reading,  going to Saturday morning breakfast with my daughter Sara, her husband Scott, and my wonderful grandson Alex!!  Summer……going to breakfast with “my kids” listed above, cooking, going to the pool, reading…..this is perfect reality!!! Perfect dream weekend….going to the mountains staying in Gatlinburg, good happy hours and great food…throw in a massage or facial and it would be nirvana!!!

Are you a dog or a cat person? Do you have any pets?

YES!! NO

What is your go-to meal that you make when you are at home?

Mushroom & cheese omelet, crisp bacon, and 12 grain toast during the week. On the weekend baked salmon and sautéed scallops with asparagus and a baked sweet potato!

 

 

Fannie May Updates

UPDATES

Feb 27, 2018
Expanding HomeStyle Renovation Mortgage for purchase and renovations of homes to 97% LTV.

Jan 30, 2018
Monthly federal income tax payments can now be added to Liabilities instead of being required to be paid off prior to closing.

Expand condo project-related minor litigation criteria to provide more flexibility for condo project approval.

DU Ver 10.2 coming on Mar 17, 2018 with updates on:
Homestyle Renovation loans, PIW messaging, and updates to align with the Selling Guide.

Dec 19, 2017
Allow lenders to underwrite loans for borrowers who have frozen credit at only 1 of 3 credit repositories.

Nov 28, 2017
New FNMA Loan Limits Increase: $453,100 for 1 unit, $580,150 for 2 units, $701,250 for 3 unit, and $871,450 for 4 units.

New limits went into effect for loans sold after Jan 1, 2018.

Oct 31, 2017
Exclude the full monthly housing expense from DTI ratio when paid on-time by someone other than the borrower.

Sept 26, 2017
Offer property inspection waivers (PIW) on some purchase transactions.

Extend DU Refi Plus and Refi Plus options through 12/31/18 as part of the Home Affordable Refinance Program.