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#1693915 - 04/30/12 06:36 PM Comparison Chart/Credit Life
raitchjay Online
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Joined: Oct 2009
Posts: 9,105
OK
We have a loan where the borrower is purchasing credit life. It doesn't go on the GFE because we aren't requiring it. It does go on the HUD-1 in line 904. How (we're a LaserPro user) do we get it off of the comparison chart?
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#1693952 - 04/30/12 07:04 PM Re: Comparison Chart/Credit Life raitchjay
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
You don't but it should be in The Charges That Can Change category.
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#1693955 - 04/30/12 07:06 PM Re: Comparison Chart/Credit Life raitchjay
raitchjay Online
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Oh....ok. Makes sense. Thanks Dan.
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#1693962 - 04/30/12 07:14 PM Re: Comparison Chart/Credit Life raitchjay
raitchjay Online
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Joined: Oct 2009
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I wonder why our system is trying to throw it into the 10% tolerance section?
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#1693970 - 04/30/12 07:21 PM Re: Comparison Chart/Credit Life raitchjay
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
Most likely it's how you have it entered. Our system allows us to designate where it goes based on the charge being bank chosen, bank recommended (on our provider list), or borrower chosen.
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#1693973 - 04/30/12 07:23 PM Re: Comparison Chart/Credit Life raitchjay
raitchjay Online
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Joined: Oct 2009
Posts: 9,105
OK
Thanks again Dan......i'll have to look into it.
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