LDP/GSA government search (patriot act)

By
Real Estate Broker Owner with Silver Hill Realty

SHORT VERSION: 

I have a deal set to close this Thursday.  The lender e-mails me 2 days ago asking me for my SSID & my TID.  He claims that it is a condition for underwriting.  I ask him what he needs my personal information for and he claims that it's a new underwriting check through the LDP/GSA governement search (patriot act).  I have never dealt with this guy before and i have never heard of needing my SSID nor my TID for a client to get a loan.  Has anyone ever had to give their personal information to their clients lender?

LONG VERSION:

I admit that I am a control freak.  I like to be in charge of everything so that I know whats going on at all times.  I explain to clients upfront that I can do as little or as much as they want me to do, however I will only accept responsibility for what they allow me to do.  Once I complete my buyer presentation and show them why they need to leave everything in my hands I give them an authorization form to fill out and give me permission to have my people handle everything.  The only thing I encourage them to do is shop other lenders and my guys will match or beat their rate.

Her family member referred a mortgage person to her and she chose to use him.  He wanted to do the entire transaction including title and appraisal.  I informed her that she already signed off that I would handle getting those things ordered and she had already signed off on it.  Being that she was very adamant about how he already ordered everything (even though i had already as well) I agreed to cancel all my people, however she would have to accepet responsibility for everything as she is taking away complete control from me.

Just as I feared, the weekend before we are supposed to close everything is becoming a mess.  The lender failed to inform her of several items and costs that she would need for the closing.  He failed to request the signing of several documents and he waits until the last minute to aske for my personal information without giving me opportunity or information as to research why he needs it.

I just want to know if anyone has ever had to give their TID and SSID as a condition for their buyer to recieve a loan?  here are the links that he provided as explanation:

 <!--StartFragment-->https://www.epls.gov/epls/search.do?reset=true&ssn=true

https://www5.hud.gov/ecpcis/main/ECPCIS_List.jsp

 

your responses are appreciated as this guy claims that if he doesnt have it this morning we wont be able to close.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Mortgage / Finance
Location:
New Jersey
Groups:
7 Figure Agents
Brokers Helping Brokers "Life really is about helping others"
New Jersey & Pennsylvania -- Realtors/Loan Officers/Title Clerks/Real Estate Lawyers
South Jersey
Tags:
new hud guidelines
ldpgsa government search
patriot act

Comments 11 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous #7
Anonymous
Rickey Wallace

ok

July 26, 2012 08:15 AM
Anonymous #8
Anonymous
ok

ok

July 26, 2012 08:33 AM
Anonymous #9
Anonymous
ok

ok

July 26, 2012 08:35 AM
Anonymous #10
Anonymous
ok

ok

July 26, 2012 08:37 AM
Anonymous #11
Anonymous
ok

ok

July 27, 2012 11:42 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the envelope to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
4,033

Silver Hill Realty

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the woman to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: