Opinion ID: 2622549
Heading Depth: 4
Heading Rank: 2

Heading: Margaret Meyer

Text: Margaret Meyer, who, as an officer of the escrow companyTI of Hawaiiin 1994, handled the escrow involved in the closing of the agreement of sale between Kida and Choy. Meyer testified that Kobayashi opened the escrow on behalf of The Mortgage Warehouse. According to the escrow records, the proceeds of the loan from The Mortgage Warehouse to Kidaprincipal in the amount of $269,400.00 and interest in the amount of $3,906.30were disbursed to Choy, and the balance was utilized to pay various closing costs. Four documents were recorded simultaneously as a result of the closing of the loan: (1) the assignment agreement between R & M Associates and Kida; (2) the mortgage; (3) the deed in satisfaction of the agreement of sale; and (4) the assignment of the mortgage from The Mortgage Warehouse to Novus Financial. Based on the procedures utilized in the closing of the loan, Meyer characterized The Mortgage Warehouse as both the lender and the broker, but also stated that [t]echnically, Financial MD [Associates] was the mortgage broker.