Scratching my head on this one. My gut says "no", but...
Can we charge a customer for a pair off fee?
Borrower locked the rate for their purchase loan at an amount of $570,000. They have since contracted to sell their existing home and are now requesting a loan amount of $450,000 instead. This $120,000 reduction results in a pair off fee of $2,200. Can we treat this as a changed circumstance (borrower requested change) and pass the fee on to the customer? We don't normally charge any investor delivery fees on our loans.