Skip to content
GeoDataVision
Thread Options
#1712679 - 06/21/12 01:26 PM Redisclosure of GFE/TIL??
BankerChic24 Offline
Junior Member
Joined: Jul 2011
Posts: 45
Midwest
We are changing a loan from a VA fixed rate with a funding fee to an in-house fixed rate with an origination fee(the fee amount stayed the same) - Is this a change in circumstance that warrants redisclosure of GFE and TIL? My understanding is that redisclosures do not need to be signed?
_________________________
Success is getting what you want, Happiness is wanting what you get...

Return to Top
Lending Compliance
#1712716 - 06/21/12 02:20 PM Re: Redisclosure of GFE/TIL?? BankerChic24
MyScamper Offline
Gold Star
Joined: May 2006
Posts: 452
Between here and there
Did the rate stay the same? Was the funding fee part of the origination charge originally disclosed? Was the rate locked? If none of this would change on the new disclosures, then it would not be a changed circumstance.

Return to Top
#1712827 - 06/21/12 04:34 PM Re: Redisclosure of GFE/TIL?? BankerChic24
BankerChic24 Offline
Junior Member
Joined: Jul 2011
Posts: 45
Midwest
The rate did stay the same and the funding fee was part of the origination charge orginally disclosed; however there is no longer a "funding fee" since this loan stayed in-house.
_________________________
Success is getting what you want, Happiness is wanting what you get...

Return to Top

Moderator:  Andy_Z