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#2255694 - 06/21/21 08:14 PM Changed product - new application
crcmnot Offline
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Joined: Sep 2016
Posts: 351
Customer submitted an application for a HELOC a few weeks ago; all early disclosures were provided as required. Customer has now contacted us today and requested a bridge loan rather than a HELOC. Can we use the original application with their email asking for the change in product to start the "TRID' clock today or do we need to have them withdraw their HELOC application and require them to complete a new one? Thank you.

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Lending Compliance
#2255695 - 06/21/21 08:42 PM Re: Changed product - new application crcmnot
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
Really just a business decision.
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#2255698 - 06/21/21 09:54 PM Re: Changed product - new application crcmnot
crcmnot Offline
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Joined: Sep 2016
Posts: 351
Thanks Randy!

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