I wish I could "un-use" Partner Title for the processing of my re-finance. I set my closing on December 28, 2012 for the re-fi of my then current mortgage in an effort to push the first payment of my new mortgage out until March 1 and therefore save 2 monthly payments! Upon arriving at Partner Title, everyone was pleasant and fine to work with and I even had the previous conversation with them to inform them of my intentions.
It wasn't until January 3, 2013 that the situation turned ugly. I was called at 4:50 PM to be informed that my loan had not been paid off at the old bank, and there was a 3 day rescission period (which we were now at the end of). I didn't think much of it at this point, until I was told that since the loan wasn't paid in December (like I thought it would be, and explained that I wanted it to be) and that I would be responsible for interest of almost $1,100 on my old loan. This is correct based on the prior loan I had with US Bank; however, no one told me this until 10 minutes before the end of my rescission period!
This is where the closing agent turned from pleasant to defensive, accusatory and downright mean. After going back and forth with the closing agent, she decided to get 'cute' with me and inform me their attorney would contact me to clear up any misunderstandings that I might have. When he contacted me to let me know how much the interest was that I owed (due to them not telling me about that at closing) he quoted me the wrong numbers in writing and it took 3 phone calls to contact him to actually get it straightened out. It turns out he just transposed some numbers that made quite the difference in total amounts.
The point of my review is to save anyone in the future the same heartache that I had to encounter by using this closing company. I truly believe the closing agent knew at the time of closing what she was doing by not telling me about the additional interest payment. In doing so, she prevented me from pushing my closing off for 1 month which would have saved me that money, but also, it helped her count my closing in her 2012 numbers.
Do NOT use this closing company; they're only interested in helping themselves. If that wasn't the case, they would have made me aware at the time of closing, or at the very least, farther in advance than 10 minutes after my rescission period had ended of my additional costs. read more