Our company has been running into the issue of reimbursing borrowers for overpayment of the recording fees. Generally the amounts aren't more than $10, the issue being we can't get the borrowers to cash the checks for their cure amounts. Not wanting these funds to go stale, we're trying to create a process to avert this. I know getting the fee right in the first place would be the best, however it's the Recorder's Office and Escrow we're dealing with here! One proposition was to simply increase an in-house fee by the amount we typically see for recording, and show the Recording Fee as Lender-Paid. Would there be any implications if we give the green-light on this process. Bear in mind, this will be across the board for all mortgages.
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"Tact is telling someone to go to [censored] in such a way, they look forward to the trip" Winston Churchill