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Settlement Policies And Procedures

FNF Best Practices  /  Settlement Policies And Procedures


Settlement

4. Settlement Policies & Procedures

Adopt standard real estate Settlement policies and procedures and policies that help ensure compliance with (i) federal and state consumer financial protection laws and regulations, and (ii) contractual obligations as applicable to the Settlement process.

Purpose: Adopting appropriate policies and procedures, including conducting ongoing employee training to help ensure Company can meet federal, state, and contractual obligations governing the Settlement. These policies and procedures must be appropriate to the locale because consumer financial protection laws may vary from state to state.Appropriate and effective training helps Settlement Companies safeguard Settlement documents.These procedures help maintain accuracy, minimize errors in completing the Settlement, and provide a framework for a positive Consumer experience.


What This Means From a Customer's Viewpoint

"You will charge me the correct rate for services provided."


Our Resources For Compliance

Click a logo for more information.





Bancserv

BANCSERV’s mobile notary service offers a convenient alternative for getting real estate documents signed.

  • Qualified agents go directly to an individual’s home or workplace to obtain signatures.
  • Experienced notaries and attorneys can handle signing requirements of all kinds.*
  • Agents are pre-screened, tested, monitored and rated based on their performance.

*Attorneys are required to conduct closings in CT, DE, GA, MA, SC and WV

CSC eRecording

Get your documents recorded as soon as possible in order to reduce claims

As the nation's largest eRecording network, CSC can help you eliminate paper from the recording process and automate time-consuming workflows. CSC's eRecording solutions help agents record real estate documents electronically (often within minutes), track submitted documents, address rejected recordings quickly, verify recordation, and maintain electronic records.

With eRecording, digital documents are prepared using standardized XML data, with digital and digitized signatures and notaries embedded and electronic payment advices attached. Documents that originate on paper, such as loan closing documents, are scanned and placed into their proper recording order. When fully integrated, the electronic document recording process takes only seconds!

DocuSign

DocuSign eSignature is the world’s #1 way to send and sign from practically anywhere, at any time. It is simple to use and enables individuals and organizations to securely send and sign documents fast.

  • Enhanced productivity with faster document turn-around time and easy visibility into signing status
  • Legally binding and secure agreements
  • Users save an average of $36 per agreement
Want to explore our underwriting services?

FNF National Agency Website

The National Agency Website is the portal to all the Agent Success Tools and provides access to our systems Applications. These systems, include two different Rate Calculators depending on the need. We offer a National Rate Calculator for our Agents, Attorneys and REALTOR® customers to estimate the potential settlement-related title costs for residential real estate transactions. For Lenders, we offer the Title & Settlement Rate Quote Calculator to aid in their completion of the Loan Estimate and Closing Disclosure. Both of these calculators are available on the Agents Success Tools page.

reQuire

reQuire is an efficient, cost effective alternative to the old costly and stressful practice of lien release management.

reQuire brings over a decade of trusted direct relationships with lenders to make this process more efficient for your office.

Our web-based release tracking and reporting service can seamlessly integrate into your everyday workflow.

We have direct integrations with many of the title production providers you use today, making re-keying of information non-existent.

Simplifile

Get your documents recorded as soon as possible in order to reduce gap claims

Simplifile eRecording solutions save our customers time and money, and enable them in turn to provide superior services to their customers. In under an hour we can install and configure our browser-based application and explain how best to begin electronically filing and recording documents. It’s really that simple.

Our solutions replace less-efficient, less-secure, and more-expensive document recording services such as runner, courier, and express mail services. What’s more, we automate the processing, receipt, and payment of eRecording fees through electronic funds transfer or Automated Clearing House (ACH). And we deliver all of this through the industry’s most expansive and easy-to-use nationwide eRecording.

Snapdocs

Deliver quality signings at scale with Snapdocs for Title, the leading notary scheduling platform.

  • Cut costs by streamlining manual scheduling workflows with critical TPS integrations and automation at every step of the way
  • Delight your customers with faster turn times, less errors, and referral-worthy signing experiences
  • Access the industry’s largest (170K+) notary network along with notary ratings and reviews    
  • Enforce compliance and minimize risk with a centralized, audit-ready actions and communications feed, secure document sharing, and robust notary credentialing requirements

The Closing Exchange

The Closing Exchange (TCX) offers a full spectrum of signing services including mobile notary, Remote Online Notarizations (RON), IPEN, and hybrid closings. Our CXChoice™ platform integrates with most Title Production Software, making TCX your one-stop shop for nationwide signings. Our signing solutions are scalable, cost-effective, secure and customized to fit your workflow. Strict notary vetting, enhanced digital tools including A.I. Document Tagging, and excellent customer service make TCX a true partner in signing.

 

Want to create your own policies and procedures?

Please login, if you are an FNF Agent, for the Tools and Resources to complete this pillar on your own.

 

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