We are trying to determine what is the best way to handle a mortgage loan discount for bank employees.
Example: If the bank has $800 in total lenders fees and we want to reduce that in half to $400 if you are a bank employee... 1. Should we show the total charge of $800 on the GFE since thats the actual cost of the credit and then show a credit of $400 on the GFE and closing documents. 2. What if we just had a different product offering to bank employees and the actual cost for that type of product was $400....then you just disclose the $400 lender fee on the GFE and not worry about credits....