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#2221615 - 09/16/19 01:45 PM Payments on Refinances
Anonymous
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Hi, it's come to my attention that MLOs are coaching borrowers not to make payments on in-house refinances because it will throw off the payoff amount. I do not believe we should ever tell a borrower not to make a payment, particularly since this could come to light in the event of a foreclosure situation. Am I overthinking this or is it acceptable for us to advise borrowers not to make payments? Any other risks I am not considering? Thanks for the input.

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#2221616 - 09/16/19 02:01 PM Re: Payments on Refinances Anonymous
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
You mean they are encouraging the consumer to go past due just so they don't have to deal with a payoff amount changing???

You don't need to ask anyone this question, I think you already know the answer.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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