Not sure we're handling correctly, but here, when we disclose say a $450 appraisal fee and instead end up charging a $100 internal evaluation fee, i simply note the change on our tolerance checklist and do not cure for it (the borrower is saving $350)........nor do we re-issue the LE to show the change. I'm thinking maybe we should be re-issuing the LE?
Last edited by raitchjay; 11/22/17 03:14 PM.
ETA: And yes, our LOS treats it as a tolerance cure situation. As i said, i simply adjust it to make the cure "go away".....the customer is saving money.
I'm fixin' to fix that.