We currently do not re-disclose the borrower if the rate is relocked, but do when an rate lock extension is made.
The requirement to issue a revised GFE when the rate is locked is when a rate lock agreement is executed between the financial institution and the consumer, not the financial institution and their investor.
Each time you lock or re-lock/extend a lock agreement between you and the consumer you are required to issue a revised GFE.
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The opinions expressed are mine and they are not to be taken as legal advice.