Residential Documents
PPDocs, Inc. 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
PPDocs, Inc. 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
- fast turnaround - documents delivered in 1 - 2 hours
- competitively priced - transaction driven (request
pricing)
- highest quality - redundant quality control and compliance
What is the difference between express and traditional products?
Express products are those in which PPDocs, Inc. 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
- fastest turnaround - documents available in seconds
- least expensive - transaction driven ($25-$75)
- 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, PPDocs, Inc. 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.
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.
eRecording
PPDocs, Inc. has teamed up with industry leaders to facilitate the eRecording
process for lenders and title companies alike. Acting as an aggregator for the many
counties and vendors accepting eRecordings, we've eliminated the need to sign up
with each vendor for every county that you want to record documents in.
Advantages
- turnaround - recording confirmation in hours, not weeks
- pricing - actual county recording fee + $10 convenience charge per document
Electronic Disclosure Delivery
Expanding upon our existing service, clients will now be able to email initial disclosures
to the borrower for review. The borrower will then be able to consent to receive
the disclosures, prove that they are capable of viewing a file in PDF format, and
easily electronically sign the disclosures online.
Advantages
- turnaround - saves time by bypassing traditional mail services
- pricing - this is a free service!
- ease - fast and easy to use
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