Is Maryland a Title State or an Attorney State?
Maryland is a title state. Licensed title companies and law firms conduct residential settlements, and attorney involvement in the settlement is not legally required.
State Guides
Maryland loan processing.
What brokers and loan officers should know about closings and property rules in Maryland, and how Hancock Processing works your files there.
Is Maryland a Community Property State for Mortgages?
No. Maryland is not a community property state, and Maryland has abolished dower and curtesy.
Does Maryland Have a Net Tangible Benefit Rule for Refinances?
Yes. Maryland requires state-licensed mortgage lenders, brokers and loan originators to recommend a refinance only when it gives the borrower a net tangible benefit, and to make a reasonable inquiry into that benefit. The standard way to document it is the state's Net Tangible Benefit Worksheet, which the borrower completes and signs and which is kept in the loan file.
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Maryland
Hancock Processing services in Maryland
What Loan Types Does Hancock Processing Handle in Maryland?
All of them. We process every loan type we offer in Maryland, including conventional, FHA, VA, USDA, jumbo, Non-QM and DSCR loans, from metro Baltimore and the Washington, DC suburbs to Western Maryland and the Eastern Shore.
Can Hancock Processing work files anywhere in Maryland?
Yes. We process loans statewide in Maryland and coordinate with the title company handling each settlement.
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