Important Updates to Closing Process
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Your closing process is officially outdated as of right now. The December updates just dropped and
they completely overhauled how we handle payoff statements and those tricky FHA approval letters.
If you are running hybrid or virtual closes, the warehouse bank rules have shifted
again. They even changed how we fix QM test fails and handle VA title fees.
It is a massive dump of information from updated wire requests to specific trust vesting rules.
You need to check the new guide immediately because missing one tiny condition on that payoff calculator
means your borrower isn't getting their keys today.
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