- October 27, 2006
- All New York State Office Counsel, Managers and Agents
- Homecomings Financial
Beginning November 1, 2006, Homecomings Financial will require wire transfers for all payoffs.
See Exhibit for more details.
THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.
Letter dated September 27,2006
To: Stewart Title Company, 1980 Post Oak Blvd, Suite 300, Houston TX 77056
From: Payoff Department at Homecomings Financial
Dear Stewart Title Company:
Thank you for your business with Homecomings Financial. As of November 1st, 2006 Homecomings Financial will only accept payoff funds via wire transfer or certified funds. Business and third party checks will no longer be accepted. Funds may now be wired for a low fee of $5.00. (Note: Some accounts may not be charged a fee due to state regulations.)
Wire Funds to:
JP MORGAN CHASE BANK, N.A.
For credit to the account of Homecomings Financial
(Funds must be received by our bank and credited to our account by 1:30p.m., central time for same day processing).
Mail certified funds to:
2711 N. Haskell Avenue
Dallas, TX 75204
Homecomings Financial appreciates your attention to this matter and we regret any inconvenience this may cause you. If you have any other questions, please contact us at the number and address below.
Sincerely, Payoff Dept.
Homecomings Financial (homecomings.com)
2711 North Haskell Avenue, Suite 900
Dallas TX 75204