Posted By: JobSecurity
RESPA - GFE Title Services Shopping List - 01/28/10 10:37 PM
How are other banks handling letting the borrower shop for title services? Our in-house lenders do not allow them to 'shop'. Our secondary market lenders do. (What does 'shop' really mean anyway?) I am concerned about putting too many companies on the list and trying to keep up with them if their prices change. I don't want the bank to have to pay for that! What if our in-house lenders use a company not on the list? It would be in our best interest to keep the list small. I can't find this addressed anywhere. Please give some advice.