Updates

December Fee Calculator Updates

December 1, 2023/in Updates /by Adan Gutierrez

We are constantly updating to reflect any increases or decreases in state fees or underwriter changes to ensure that you are pulling accurate quotes each time. Our calculator has been updated to reflect fee changes in the following state(s):

Connecticut, Idaho, Oregon, Wyoming

Conveniently get a quote any time, day or night, by simply and accurately inputting the required information and let our interactive fee calculator do the rest. Please call 844-808-8299 or email solutions@allegiantreverse.com for further details or for a quote.

December Webinar: Fraud Prevention (Advanced CRMP Certified Course)

December 1, 2023/in Updates /by Adan Gutierrez

Fraud Prevention

Advanced CRMP Certified Course

Thursday,

December 14, 2023

10:00 am PST/1:00 pm EST

Click here to register.

2024 Education Calendar

December 1, 2023/in Updates /by Adan Gutierrez

Prepare for the New Year and download the 2024 ARS Education Calendar below.

ARS Education Calendar 2024

HECM Loan Limit Raised

December 1, 2023/in Updates /by Adan Gutierrez

The U.S. Department of Housing and Urban Development announced they will be raising the loan limit for Home Equity Conversion Mortgages from its current level of $1,089,300 to $1,149,825 effective for FHA case numbers assigned on or after January 1, 2024. Our calculator has been updated to the new limit.

Meet the Funding & Disbursement Department

December 1, 2023/in Updates /by Adan Gutierrez

What is the Funding and Disbursement Department responsible for?

The Funding Department worked closely with the Settlement Team to take the file from the signing appointment all the way through disbursement. The executed documents are received daily and processed. We identify anything that may be missing or erroneously executed. The recording documents are pulled and an initial audit performed on the recording package. The file is then proper for disbursement with a particular emphasis on items being wired to ensure all funds are headed to the right place and via the correct method.

The Disbursement Department then receives the incoming wires, matches them to the correct file. Once disbursement is triggered, we perform a final and thorough audit of each item to ensure instruction and compliance are met. Finally, wires are initiated, checks are cut and shipped.

What characteristics make our Funding and Disbursement Department great?

We cannot be too detail oriented. One needs to be conservative enough to see compliance is always met, but progressive enough to see solutions that may not be obvious.

A note from the Manager…

If our industry was a sport, we would definitely be the defense. Millions of dollars pass through our department every day and it is up to us to ensure every cent gets to where it is supposed to go and stays out of the hands of fraudsters. Sadly, there bad-actors are only becoming more brazen and more sophisticated every day. Unlike the pros however, we can’t afford to be scored-on even once!

Happy Holidays – Office Closures

December 1, 2023/in Updates /by Adan Gutierrez

Wishing you a warm holiday season filled with lots of joy and amazing memories!

Our offices will be closed Christmas Day on Monday, December 25, 2023 and New Years Day on Monday, January 1, 2024.

November Fee Calculator Updates

October 31, 2023/in Updates /by Adan Gutierrez

We are constantly updating to reflect any increases or decreases in state fees or underwriter changes to ensure that you are pulling accurate quotes each time. Our calculator has been updated to reflect fee changes in the following state(s):

Arkansas, California, Connecticut, Florida, Idaho, Oregon, New York, South Dakota, Washington, Wyoming

Conveniently get a quote any time, day or night, by simply and accurately inputting the required information and let our interactive fee calculator do the rest. Please call 844-808-8299 or email solutions@allegiantreverse.com for further details or for a quote.