Wallingford, CT – As a full service company, Berkshire Hathaway HomeServices New England Properties provides mortgage, lending and brokerage services throughout the tristate area. Sales associates are educated on the steps both sellers and buyers need to take at the onset of the sales process due to the mortgage financing changes administered by the Consumer Financial Protection Bureau. The Truth in Lending Act / Real Estate Settlement Procedures Act (TILA-RESPA) Integrated Disclosure Rule went into effect nationwide for most home sales on October 3rd, 2015.
In order to be prepared for the changes, Michael Lucash, Director and Vice President of Compliance and Secondary Markets, Deena DeCarlo, Director and Vice President of Operations, and Patrick McGovern, Director and Vice President of Sales from Connecticut Home Mortgage, Berkshire Hathaway HomeServices New England Properties’ preferred lender, met with all of the agents to review protocol and educate them on the best practices.
McGovern stated “We rolled out TRID and it has been a very smooth process. Loan estimates have been issued quickly, accurately and in compliance, with no disruption to the customer or the process. In the first week of November, Connecticut Home Mortgage issued the first Closing Disclosure and the loan will close earlier than expected.”
“After extensive education, our sales executives were fully prepared for these changes,” stated Candace Adams, President and CEO of Berkshire Hathaway HomeServices New England Properties. “Our top priority is to provide the tools and support needed to give our clients the best service possible. Providing both brokerage and mortgage service assures a streamlined experience.”
Berkshire Hathaway HomeServices New England Properties sales associates and Connecticut Home Mortgage representatives are available to answer any questions at your local Berkshire Hathaway HomeServices office.
Connecticut Home Mortgage offers the best of both worlds as a Mortgage Banker and Broker organization. As a Licensed Mortgage Banker / Lender, we are the lender and make all of the decisions. With access to dozens of investors we can tailor your loan to the option that best fits your individual requirements. We make sure you have access to the best programs and the lowest rates. For more information, visit www.CTHM.com.