AFFILIATED BUSINESS ARRANGEMENT NOTICE
This is to give notice that Winchester Homes Inc. (“Winchester”) has business relationships with TRI Pointe Connect, LLC (“Connect”), a mortgage broker, and TRI Pointe Assurance, Inc. (“Assurance”), a title agency that works with First American Title Insurance Company and First American Title Guaranty Company (collectively, “First American”). The business relationships referenced are that Winchester’s ultimate parent entity, TRI Pointe Group, Inc., indirectly owns 100% of Winchester and Assurance and 65% of Connect. The remaining 35% of Connect is owned by loanDepot.com, LLC (“loanDepot”), to whom Connect loans can be brokered. Because of these relationships, any referral to these entities may provide Winchester, its parent company and/or its affiliates with a financial or other benefit.
Set forth below is the estimated charge, or range of charges, for the settlement services listed. You are NOT required to use the listed provider as a condition for settlement of your loan on, or purchase, sale or refinance of, the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Connect — Mortgage Broker—Connect will not make any charges to the purchaser/borrower for its services but will receive compensation from the lenders to whom it brokers (including loanDepot) of approximately 2.75% – 2.85% of the loan. loanDepot does not charge the purchaser/borrower any direct fees. You will be charged certain third party fees for an appraisal, credit reports and additional closing costs by the escrow/title company, closing attorney and lender. Connect and/or the applicable lender will provide you with a Loan Estimate detailing credit costs and loan terms, including closing costs.
Assurance — Title Agent — In Virginia and Maryland, Assurance is a title agent that works with First American and receives 50% of the title premiums paid for owner or lender title policies and 100% of the title binder fee. The estimated range of title premium charges and related fees are available upon request. Acknowledgement: By clicking “Accept” below, I/we acknowledge that I/we have read this disclosure form, and understand that any referrals by Winchester for the above described settlement service(s) may result in Winchester, its parent company and/or its affiliates receiving a financial or other benefit.