At application borrower told lender that property was modular home. GFE given based on this information and rate locked with secondary market investor. Later it was determined that it is really a mobile home, not a modular home. We do have an investor that we are going to try to place the loan with. I'm thinking that in this instance, we can consider this a changed circumstance because the information that we relied upon originally was incorrect. Agree?

Yes, as long as you act within three business days of that determination.

Thanks! That's what made sense to me, but you know how it is, if it makes sense, then it probably ain't so...