We are often contacted by Agents and Loan Officers that wish to cover the gateway fee for their clients. Should Agents and/or Loan officers choose, they can elect to cover the gateway fee for their clients and the process for doing so is detailed below:
- Instruct your client to Accept the gateway agreement
- Notify your Escrow Officer/Settlement Agent that you will cover the gateway fee for your client.
The Escrow Officer/Settlement Agent will adjust the closing costs accordingly and your client will not be charged the fee at closing.
There is no cost to register a new account and Industry users working for the benefit of their customers (Buyers, Seller or Borrowers) are granted full feature access under the Title | Pipe Terms of Service. For active transactions, a standard Title | Pipe Gateway Fee of $50 is charged to the customer and is collected as a cost of closing through settlement. Customers are not charged if the transaction is terminated or canceled.
Customer may either accept or decline the gateway fee when joining a transaction - and may proceed in using Title | Pipe if they decline with some features being restricted.