HHMS
What is HHMS ranking in the US?
Third largest real estate mortgage company in US.
How long are all WMPL contracts good for?
1 Year
Can a BAC be enforceable without an end date?
A contract without an end date may be considered void or unenforceable.
When does the contingency period begin for due diligence period after execution of the agreement?
The day after the seller signs and dates the documents.
What is the name of our Community Lending Division?
United Purpose Mortgage
What percentage is listed as commission for Buyers Agent on line 85 of WPML listing contract?
The percentage seller has agreed to pay buyers brokerage
When should a BAC be signed by all parties?
Before showing a property.
What mortgage product provides 100% financing?
VA Loan
What documents is the owner acknowledging receipt of?
Listing contract, property disclosure, property input statement and consumer notice.
Can a BAC be executed for less than 1 year?
Yes. A BAC could be executed for 1 day, 6 months, 2 years, etc...
What ACT requires lenders to make disclosures to borrowers such as finance charges, APR?
Truth in Lending Act
What is the real estate recovery fund for?
repay person who has received final court ruling against PA licensee because of fraud, misrepresentation or deceit.
Who is the BEST Administrative Assistant in all of Howard Hanna Land?
The one and only Cathy Michaels!!
Who is the BEST MLO at Howard Hanna?
Vicki Vento!!
Is compensation due to brokerage if seller funds buyer for property?
YES!!