TIMIOS Not Mandatory

Effective immediately, closing with Timios Inc. is not mandatory, however they will remain an AFR preferred settlement company.

In early March, AFR Wholesale announced our selection of Timios as our exclusive settlement agent for all AFR closings. Maintaining full compliance and integrity with every loan transaction is paramount at American Financial Resources, Inc.

AFR will still give a $250.00 lender credit towards the borrower’s settlement fee if Timios is the selected title and settlement company. The borrower will be responsible for the signing fee of only $150 in non attorney states or up to $250 in states where an attorney is required. These states include Delaware, Georgia, Massachusetts, South Carolina, and West Virginia. The borrower will still be responsible for their normal closing fees such as overnight document expenses and recording charges as well as their own attorney’s fees if they choose to have their own attorney present