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#2144992 - 09/06/17 06:30 PM re lender credits
Mike T Offline
Member
Joined: Dec 2016
Posts: 74
At times the loan officers lock the rate above par, providing lender credit to the borrower. This is disclosed on the LE and the CD.
However, one of our investor told us they won't be accepting that anymore and will have to reflect lender paid.
If the credit provided is more than the actual fees, how would this be applied? This is an investor's request.

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TRID - TILA/RESPA Integrated Disclosures Rule
#2145010 - 09/06/17 07:11 PM Re: re lender credits Mike T
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Since this is specific from the investor, I would be asking them.
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