Thread Options
#1749652 - 10/16/12 07:09 PM HUD- Line 1107 & 1108
blm Offline
New Poster
Joined: Mar 2011
Posts: 7
For the Lender's Title section of the HUD-1 that lists out the Agent's portion and the Underwriter's portions on lines 1107 and 1108 does the company/vendor need to be listed as well?

We know that the amounts are required for those lines but I am having trouble locating in RESPA where it says to list the company/vendor its going to as well. I have an LOS system telling me one way and a lender telling me the other.

If anyone knows of a section of the regulation that lists this I would appreciate the help!
Thanks!

Return to Top
Lending Compliance
#1749665 - 10/16/12 07:30 PM Re: HUD- Line 1107 & 1108 blm
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,644
The Swamp
Our's shows who it is going to, but that may be because it would be an additional 3rd party, and not the settlement agent closing the loan and handling title services.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

Return to Top
#1749672 - 10/16/12 07:40 PM Re: HUD- Line 1107 & 1108 blm
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,417
Bloomington, IN
From Appendix A:

For each separately identified settlement service in connection with the transaction, the name of the person ultimately receiving the payment must be shown together with the total amount paid to such person.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#1749702 - 10/16/12 08:22 PM Re: HUD- Line 1107 & 1108 blm
blm Offline
New Poster
Joined: Mar 2011
Posts: 7
Thank you so much Dan, that's exactly what I was looking for!

Return to Top

Moderator:  Andy_Z