Part II of a Three Part Series In Series Number One, we reviewed the merits of the Good Faith Estimate and its value to the borrower for transparent disclosure of facts and figures. In the Part Two, we need to address the “service” aspect of the Real Estate Settlement Procedures Act. When you apply for a home mortgage, you may think that the lender, or loan originator, will service the loan until it is paid off or your house is sold. However, in today’s market mortgage, servicing rights often are bought and sold. The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute which affords you certain disclosures and strategies for problem resolution with your mortgage and/or escrow account. Duty of Loan Servicer to Respond to Complaints. If you have questions or problems with the servicing of your loan, the servicer is required to respond to you. Write to your servicer and call it a “qualified written request under Section 6 of RESPA.” It should be a separate letter and not mailed with your payment. The mortgage servicer must respond to you within 60 business days of receipt. A Sample Complaint Letter would include the following because the specifics are important: Attention Customer Service: Subject: [Your loan number] [Names on loan documents] [Property and/or mailing address] This is a “qualified written request” under Section 6 of the Real Estate Settlement Procedures Act (RESPA). I am writing because:

• Describe the issue or the question you have and/or what action you believe the lender should take.
• Attach copies of any related written materials.
• Describe any conversations with customer service regarding the issue and to whom you spoke.
• Describe any previous steps you have taken or attempts to resolve the issue.
• List a day time telephone number in case a customer service representative wishes to contact you.
• I understand that under Section 6 of RESPA you are required to acknowledge my request within 20 business days and must try to resolve the issue within 60 business days.

Sincerely, [Your name] REMEMBER: This letter SHOULD NOT be included with your mortgage payment, but should be sent separately to the customer service address. And, it is very important that you continue to make the required mortgage and escrow payment until the request is resolved. Loan Transferred to New Servicer. Your loan servicer is required to notify you in writing at least 15 days before the servicing of your loan is transferred to a new servicer. The notice must include the following information: * The effective date of the transfer, the date your current servicer will stop accepting payments and the date the new servicer will begin accepting them. * The name, address, and toll-free or collect call telephone number for the new servicer. * Information that tells whether you can continue any optional insurance, such as mortgage life or insurance, and what action, if any, you must take to maintain coverage. * A statement that the transfer of servicing does not affect any term or condition of your mortgage documents other than the terms directly related to the servicing of the loan. Treatment of Payments During Transfer Period. During the 60-day period beginning on the effective date of the transfer, the payment may not be treated as late if you mistakenly send it to the old mortgage servicer instead of the new one. Escrow Account. RESPA does not require that you maintain an escrow account for the purpose of paying property taxes, hazard insurance, etc. Nor does RESPA have any jurisdiction over the decision of the lender or servicer to require or terminate an escrow account. RESPA does, however, provide you with the following protections with regard to the escrow account:

• If your lender or mortgage servicer requires you to maintain an escrow account for the purpose of paying property taxes, hazard insurance, etc., RESPA requires that the servicer pay such items by the dates due to avoid a penalty or late charge.
• RESPA sets limits on the maximum amount of money the servicer may require you to maintain and pay in the escrow account. (More information about escrow accounts, including how to calculate the maximum amount RESPA allows the lender to require in the escrow account.)

Multistate Home Lending www.multistatehomelending.com and The Manufactured Home Lending Source www.mh-lending.com are committed to full and complete disclosure. All of our loan officers are registered with the Nationwide Mortgage Licensing System and Registry (Registry), a database established by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators to support the licensing of mortgage loan originators by the States. As part of this registration process, mortgage loan originators must furnish to the Registry background information and fingerprints for a background check. The S.A.F.E. Act generally prohibits employees of an agency-regulated institution from originating residential mortgage loans without first registering with the Registry.

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John (CEO) & Janis Arendsen (Lender & Realtor Relations) Principals of ON THE LEVEL

Combined we have over 50 years of experience in all facets of the Manufactured Home industry. In fact We have been actively engaged as a Consultants, Expert Witnesses, Industry Expert sand Troubleshooters at large since 1986 and have worked with myriad Law Firms, Mobile and Manufactured Home Parks and Developments, Condominium Conversions, Park Owners and Managers, Manufactured Home Dealers, Contractors, Manufacturers and Developers during this time.

Weather it’s inspecting, repairing, replacing or retrofitting the under-structure of a Manufactured Home (above) or installing a brand new Manufactured Home Foundation system like the Tuff-One by Abesco Manufactured Home Products.

Scott Arendsen, President of On The Level in charge of Field Operations and Inspections

My lovely wife, Janis, of 35 years specializes in Lender and Realtor Relations and Curative Title Solutions. If you need an Engineered Certification, Affidavit of Affixture, 433A documentation (California only), a Foundation Inspection, Installation, Retrofit or Repair or you are having a problem clearing title on a manufactured home you are trying to sell or purchase she is your go to person.

As experienced and seasoned experts in the Manufactured Home Industry we have come to realize and appreciate the astronomical costs and wasted time involved in defending and/or servicing or representing our clients and/or their company in time consuming, agonizing and messy litigation and tedium in public offices i.e county recorders, planning departments, permit departments, et.al.. Hence, we would like to extend our services to you in an effort to minimize if not pre-empt many needless often frivolous claims, litigation’s and bureaucratic red tape.

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please consider us your go to experts.

Today’s Modern Modular Home Technology

Our goal is to keep our clients out of the courtroom and out of building, planning and permit processing departments by offering investigatory and forensic services designed to minimize the often over dramatized and inflated law suits, dispel fallacious, trumped up and bogus claims and cut through all the bureaucratic red tape that has ended up costing manufacturers, dealers, contractors, RE & Mortgage Brokers, agents and especially homeowners be they buyer or sellers millions of dollars andpainful time and tedium.

Feel free to pass this information along to your legal counsel, manufacturing, technical, service and field operations personnel, RE agents and loan originators and clients for their perusal. We are available anytime and offer our services in every state except Hawaii, Alaska and Florida. In most Realtor and Lender related projects we can offer 24 to 48 hour turnaround. Legal and Title related cases and projects naturally take much more time as they require extensive discovery, research and evaluation. Feel free to call our toll free number for a fee and rate schedule (800) 909-1110 or email us at onthelevel@cox.net.

ON THE LEVEL General Contractors

CREST HOMES Manufactured Home Dealer and Developer