Refer to this chart to find out if the property you are selling or listing is part of the Lennar Charitable Housing Foundation. If it is, the property is part of the imposed endowment fee agreement. This requires 0.05% of the gross sales price of...
As industry leaders in compliance and security, we’ve gone to great lengths to become a trusted escrow company with our SSAE 16 SOC 1 and SOC 2 Type 1 audit. We are designed to comply with industry best practices, and as the first independent escrow...
In these past tumultuous years, the Consumer Finance Protection Bureau (CFPB) rocked the mortgage world with new regulations, stringent enforcement and stiff penalties for non-compliance. It also provided a virtual whipping post via an online portal where disgruntled consumers could vent their complaints but not...
Starting October 3rd, there will be a new Closing Disclosure form, which will replace the Truth-in-Lending Act (TILA) disclosure and the HUD-1. Here's an example of what the last 17 days of your closing might look like after October 3rd. Please email us for more...
Pango Group, CV Escrow's parent company, has successfully completed a Statement on Standards for Attestation Engagement No. 16 (SSAE 16) SOC 1 & SOC 2 Type I audit. The SOC 1 report audits the controls relevant to a service organization’s financial reporting systems. A SOC 1...
When it comes to buying a home, financing is often one of the biggest hurdles home buyers face. Following the housing market crash in 2008, the government and lending institutions tightened their restrictions on home buyers in order to weed out those who had not...
Many real estate agents can attest to one thing: not all properties are created equal. In spite of how great a home's features may be, or its size and grandeur, there are some homes out there that take a little longer to find the right...
The purchase of a home is unlike almost any other transaction. Not only does a large amount of money have to exchange hands, but important legal documents need to be drawn up and exchanged as well to ensure the entire process is following every regulation...
Closing escrow on a home is a huge accomplishment, however as many home owners know, the work doesn't end there. There are three items that should be taken care of immediately after the home comes into your ownership. Not only will completing these items help you...
Although safety has always been a priority to agents and brokers while working out in the field, the recent tragic incident of Beverly Carter in Arkansas has brought about a new call for an increase in security. Luckily, innovative tech companies throughout the country are...
