TPO Lender Closings
Congratulations to Debbie McCormick with American Bank & Trust Company, KHC's first Third Party Originator (TPO) closing. The approved closing agent, Reynolds, Johnston, Hinton & Pepper, smoothed the process and ensured everything occurred well within the 45-day lock period. For TPOs that have not closed a loan with the new KHC process, please review the TPO Lender Workflow PowerPoint on KHC's website, under Lenders, Lender Resources, TRID tab. With the new TRID timelines, it is imperative that enough time is allotted to review, prepare, and mail out the closing disclosure to the borrower. A pre-closing form for TPO lenders has also been posted to KHC's Lender Resources page, under the Third Party Originator (TPO) tab. This form details what KHC is reviewing prior to the closing. TPO lenders should use this tool to review all the pre-closing items to insure a timely closing.
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Carol Fadler Umstead Retires
With over 20 years of dedicated service to KHC, and 40 years in the business, Carol Fadler Umstead is retiring! She will be greatly missed. With her knowledge and experience, Carol has been essential in the success of KHC's Closing and Quality Review team. We wish Carol all the best in her retirement. Her last day at KHC will be Monday, November 30.
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