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WELCOME TO OUR BLOG!

PRC is getting social with our new Blog!  Keep checking back for new posts, testimonials, tips for a successful relocation and more!  Customer Service is our first priority, so we would love your feedback, as well.  Join the discussion, and "Experience the Difference" with PRC.

 

 

Tuesday
Jan232018

Welcome 2018!

As I reflect upon this past year, I am truly grateful and appreciative for the partnership we have with each of our clients. Thank you for your trust and confidence in our services and allowing us to be an extension of you and your organization. On behalf of the PRC team, it has been an honor and pleasure to service your employees and their relocation needs.

We are all looking forward to an even better 2018 and recognize the cornerstone of our growth and success lies in the continual improvement of our product and services and overall client satisfaction. We are committed to exceeding your expectations in every way we can.

As we embark upon a new year, I am excited to introduce PRC Senior Transitions, a specialty relocation service assisting seniors with their personal relocation needs. Transition can be stressful, whether you are an empty-nester ready to down size to a smaller home, moving to a retirement or senior community, or relocating to a new city to be with family.  At PRC, we understand the importance of providing flexible and innovative programs while delivering the highest level of customer service. If you have a family member or loved one moving across town or across the country, let PRC be a part of their next move!

 

Wishing each of you much happiness, good health and continued success.

 

Happy New Year!

Lucy Donaldson

President

Monday
Aug282017

News!

To read our current newsletter,  click HERE!  

Tuesday
Aug082017

Millennials and the workforce

The millennials represent an ever growing part of the workforce. The conventional wisdom is that the new generation of assignees will foster greater global mobility and will allow companies to relocate employees more easily and at a lower cost than in the old days of the expensive and demanding traditional expatriates. The most common adjectives to describe the millennials are mobile, tech-savvy, and flexible. This seems to herald a new golden age of global mobility that would reconcile the aspirations of employees and the business imperatives of companies. Alas, the reality is more complex and the disconnection between HR practices and the millennials’ expectations can be significant at several levels.

Chart of what motivates millennials to take foreign assignments

Source: Mercer’s spot survey on millennials, June 2017

Tuesday
Aug082017

Check out our Relocation Guides!

Relocation can be stressful, but PRC's brand new on-line Relocation Guides can help provide you with the information you need to get started.  Take a look at www.prcrelo.com/relocation-guides/ and let us know what you think!  Are they helpful? What additional areas would you like to see.  Post your replies here!

Thursday
Jul282016

Overhaul of Real Estate & Mortgage Documents

by Wayne E. Phelps, Laguna Sierra Mortgage

If you are buying, selling or refinancing  real estate this year, you will longer receive a HUD-1 Settlement Statement. What’s your tax accountant to do?  Not to worry!  In October, the TILA-RESPA Integrated Disclosure Rule (TRID) took effect, replacing the HUD-1 and Good Faith Estimate with new documents which may help you better understand the loan and escrow closing processes! 

The Closing Disclosure (CD) has replaced the HUD-1 Settlement Statement.  Maybe less exciting than a bank’s “certificate of deposit”, this CD accompanies your Escrow Settlement Statement.   Together with TRID’s other new disclosure, the Loan Estimate (LE), the CD makes it easier to understand loan terms and costs.  The Loan Estimate (LE) replaced the Good Faith Estimate (and Truth in Lending disclosure) you received when applying for a loan. 

The Consumer Financial Protection Board, a regulator of the mortgage industry, created the nearly-2000 page Rule impacting all businesses touching a residential mortgage.

 Are the Docs Better?

Borrower results have been mixed as lenders and settlement agents interpret and comply with TRID. 

The Rule, part of the Know Before You Owe initiative, intends to help borrowers understand the full cost of a mortgage including fees and interest, to comparison shop and to simplify reconciliation of anticipated costs to actual costs at closing. 

Does it help?  The new forms are a step toward providing concise, easy-to-follow and useful data.  Only bona fide fee changes are allowable.  Abundant detailed data is presented in one place.  Meant to reduce redundancy, though, borrowers may sometimes be deluged with more documents, many repetitive, under TRID than before.  Even when satisfied with your costs, TRID imposes new waiting times after you see disclosures, occasionally delaying closing your transaction.

Bottom Line

TRID should give you better clarity on the path to the bottom line of the Settlement Statement.  For confidence, the bottom line is to navigate the process with your trusted mortgage adviser for closing a seamless transaction.

 

If you are looking for a great local mortgage lender, contact Wayne at Laguna Sierra Mortgage at 949-481-3800.