When initially disclosing a construction inspection fee on the LE it was the intent that our internal appraiser was going to conduct the inspections. Now it has been determined that it will be contracted out to an outside appraiser.
The fee was disclosed in section A. of the LE. But for the CD it will be moved to section B.(Borrower Did Not Shop For). Since in both cases the fee is subject to a $0 tolerance, and the cost didn't change, only the section where it is being disclosed since it was no longer being paid to the creditor but to a third party; I assume we have no tolerance issue, correct?
Always learning something new...