Residential Documents
PeirsonPatterson, LLP offers solutions for all your residential mortgage
document preparation needs. Our primary business is the preparation of
residential real estate loan closing documents. As part of our service we
review the title commitment and survey for information that may be problematic.
Having the correct documents for a transaction is crucial, therefore we take
every precaution to ensure that all your bases are covered. We provide all
documents that we feel are necessary to make the loan compliant, PLUS any
custom documents that you, the lender, request. We are the lender’s attorney,
not the borrower’s. Our main goal is to protect our clients by providing solid,
quality documents that provide maximum protection to our lender client.
With built-in auditing, validation and formatting, our online order form and
our internal application alerts users of information that is incorrect or
questionable. This is especially beneficial when ordering loans with complex
characteristics, such as a Texas home equity loan, where there is a 3% limit on
fees and charges and a 12 day waiting period between application and closing,
or Section 32 high cost loans.
Construction Documents
PeirsonPatterson, LLP specializes in residential construction document
preparation. Whether it is a builder interim, a one-time closing or a
construction-to-perm, we do what most others firms cannot do. We also offer a
Master Guidance Line product for builder interim transactions that allow the
principals of your large builder clients to sign one set of documents.
Advantages
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fast turnaround
- documents delivered in 1 - 2 hours
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competitively priced - transaction driven (request
pricing)
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highest quality - redundant quality control and compliance
What is the difference between express and traditional products?
Express products are those in which PeirsonPatterson, LLP does not review the
title commitment or survey and is not responsible for incorrect input data or
document selection. Express products are available in seconds for downloading
and printing. This is recommended for the most advanced real estate
professional or real estate attorney.
Advantages
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fastest turnaround
- documents available in seconds
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least expensive
- transaction driven ($25-$75)
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most control - user driven document selection
Express Initial Disclosures
Users have the ability to produce initial loan disclosure packages online. After
filling out the necessary information, the initial disclosures are available
for printing in seconds. This is beneficial for those disclosures that must be
given at the time of loan application. One such express disclosure is the ARM
Program Disclosure which must be given at the time of loan application or
shortly thereafter. You can create and save ARM Program Disclosures for
immediate access on PPDocs.com. We have also designed the Mortgage Loan
Disclosure Matrix. The matrix will allow you to determine which disclosures are
required for your transaction type and the time in which they must be provided,
a critical tool to help you stay in compliance.
Express Closing Documents
Express Standard Package is designed for attorneys that do not wish to purchase,
develop or maintain a loan document system, PeirsonPatterson, LLP provides a
web-based solution. With access to thousands of up-to-date documents, you are
sure to find documents to meet your needs. Used by title and real estate
attorneys across Texas, our online document preparation system has been proven
to be fast, accurate and cost effective. This product was developed especially
for attorneys in need of a document preparation system, but do not wish to
maintain a massive document library. Express closing documents are currently
available for conventional purchase/refinance, FHA purchase/refinance, VA
purchase/refinance, Texas home equity.
Express Legal Documents
Similar to our Standard Package product, only this option does not provide the
entire library of ancillary documents. Only Notes, Addendums, Deeds, Riders,
Allonges and Assignments are available with this product.
Express Aggregate Escrow Disclosure
When the need arises to disclose to the borrower the calculations used to
establish the initial escrow account PPDocs.com can help. With our express
Aggregate Escrow Disclosure, you’ll get the Aggregate Escrow Account Disclosure
Statement and the Calculation of Escrow Adjustment Entry. Simply provide the
principal and interest amount with the taxes and insurance information, and let
our system do the rest.
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register
Express Construction Documents
For clients who do not require assistance in preparing master construction loan
documents we provide an express product that saves the lender time and the
borrower money. If you are in need of a Master Residential Construction Loan
Agreement, Guaranty Agreement or Insurance Agreement this is the product for
you.
E-Recording
PeirsonPatterson,LLP has teamed up with industry leaders to facilitate the
e-recording process for lenders and title companies alike. Acting as an
aggregator for the many counties and vendors accepting e-recordings, we've
eliminated the need to sign up with each vendor for every county that you want
to record documents in.
Advantages
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turnaround
- recording confirmation in hours, not weeks
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pricing - actual county recording fee + $10 convenience charge per document
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