A title agent's cost for closing a loan increased an average of $210 nationwide in the third quarter because lenders are using disparate processes after implementing the TILA/RESPA integrated disclosures, according to First American Financial Corp.
"The increases are not necessarily due to
Those costs can vary widely by state. New York had the largest increase, at $539 per loan. Maryland was next at $459 and Connecticut at $343, the third-quarter First American Real Estate Sentiment Index found.
At the other end of the spectrum, Oklahoma had the smallest increase, at $25 per loan, followed by North Carolina at $53, Arizona at $62, Indiana at $63 and Utah at $67.
In the