Affiliated Business Arrangement Disclosure

This is to give you notice that the Pentagon Federal Credit Union (“PenFed”) has business relationships with PenFed Realty, LLC, d/b/a Berkshire Hathaway HomeServices PenFed Realty, d/b/a Berkshire Hathaway HomeServices PenFed Realty Texas (“PenFed Realty”), a real estate brokerage firm, and the following companies, all of which provide title insurance and/or closing/settlement services: PenFed Title, LLC (“PenFed Title”); Prestige Title & Escrow, LLC (“Prestige”); Members Title LLC, a Texas LLC, d/b/a Prestige Title & Escrow of Texas (“MTTX”);  Members Title LLC, a Maryland LLC d/b/a/ Broadview Title (“MTMD”); Capitol Title Group (“CTG”); Closeline Acquisitions, LLC (“Closeline”); Champion Title & Settlements, Inc. (“Champion Title”); Priority Holdings, LLC (“Priority”); ; MBH Settlement Group, LC (“MBH”); New Champion Holdings, LLC (“NCH”); Tempo Title, LLC (“Tempo”); Expert Title, LLC.(“Expert”);  Lien Release Specialists (“LRS”); JML Abstracts, LLC (“JML”) and Affiliated Services, LLC. 

Specifically: PenFed owns 100% of PenFed Realty and PenFed Realty owns 100% of PenFed Title. Closeline owns 100% of Affiliated Services, LLC and CTG.  PenFed Title and Affiliated Services, LLC each has a 50% ownership interest in MTMD. PenFed Title has a 50% ownership interest in Prestige, and NCH has a 50% ownership interest in Prestige. Prestige owns 100% of MTTX.  Champion Title, NCH, MBH and Expert are wholly owned by Tempo.  JML is wholly owned by MBH.  None of the listed entities have an ownership interest in Closeline, Priority, or Tempo.  Because of these relationships, this referral may provide any of the entities, or any of their principals and affiliates, 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(s) as a condition for the refinancing or settlement of your loan on 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.

Provider/Settlement Service

 

CompanyCharge/Rate of Charges
PenFed RealtyReal Estate Commission
1% - 7% of sales price

PenFed Title/Prestige/MTTX/ MTMD/CTG/Closeline/Champion Title/Priority/MBH

(Varies by State)

Lender’s Coverage

Owner’s Coverage

Settlement

Title Examination

Document Preparation

Recording Services

Photocopies, miscellaneous

Commitment Fee

Closing Protection Letter

 

$0.32 to $5.70 per thousand of loan amount

$2.40 to $6.84 per thousand of sales price

$200 - $825

$75 - $550

$100 - $375

$50 - $200

$35 - $200

$50 - $150

$50 - $150

Expert/JML/LRS

(Varies by State)

Title Abstract

Recording Services

Lien tracking and release

 

$160 - $350

$35 - $100

$40 - $100

 

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