Customer Resources

Frequently Asked Questions from HUD: Click to view 
Frequently Asked Questions from TDI: Click to view 
Premium and Endorsement Calculations: Click to view


Summary

On November, 17, 2008, the Real Estate Settlement Procedures Act (RESPA) was issued by the US Department of Housing and Urban Development "to simplify and improve the process of obtaining mortgages and reduce consumer settlement costs." The new rule requires more timely and effective disclosures related to settlement costs for mortgage loans to consumers.

The changes made by this final rule are designed to protect consumers by standardizing the Good Faith Estimate (GFE). The implementation period for all parties to be utilizing the new GFE and HUD-1 forms is described in the regulation as “not later than January 1, 2010”.

What are we doing to prepare?

San Jacinto Title has taken a proactive stance on RESPA changes.  For the past year, our team has been updating systems, forms and procedures to ensure we and our business partners have the tools needed to comply with the new regulations.  We will continue to expand the content on www.sanjacintotitle.com to assist with the transition.  Please contact your closing officer for any questions.

Frequently asked questions?

The US Department of Housing and Urban Development (HUD) maintains a list of frequently asked questions, with answers updated to reflect the most recent interpretations of the RESPA changes.  These FAQs may be accessed by Clicking Here.

Fees and additional information

For information on premium, fees and endorsements, visit your closing office's web page in the left margin.