As a full service law firm, we gladly offer the expert counsel of our attorneys to assist you in resolving legal matters that may arise while processing, underwriting, closing, or funding an individual loan transaction.
Under Chapter 83 of the Texas Government Code, which allows only attorneys licensed in Texas to “charge or receive, either directly or indirectly, any compensation for all or any part of the preparation of a legal instrument affecting title to real property, including a deed, deed of trust, note, mortgage, and transfer or release of lien,” legal review of Texas loan closing packages (and specifically the legal documents) for both accuracy and compliance with applicable Texas and federal laws is required.
We take this legal obligation very seriously, and we do our best to provide value–added services to our clients in a manner that establishes the benefits of using our services and minimizes our impact on the timely closing of each transaction. Given our expertise and history in representing lenders nationwide, our clients have found that using our services cuts through many of the obstacles to closing certain transactions and actually facilitates the closing process, thereby resulting in a more positive customer service experience for their borrowers.
In Texas, the loan-level legal advice from our attorneys is typically included in the fee for our document preparation and review services, which are paid at closing and typically by the borrower. Outside of Texas, these fees are billed under a retainer or on an hourly basis. To discuss legal fees in greater detail, please contact one of our attorneys or Client Services representatives.