Thread Starter: Dan Persfull
Title: Re: TRID WLSSP - 10% or Unlimited?
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I think it makes sense to treat the tolerance as unlimited if the applicant selects anyone besides who is disclosed on the initial LE............as well as if we know or not that the applicant has already selected a company
So the MLO knows borrower has chosen Company X, in order to have unlimited tolerance they disclose Company Y on the LE.
How to choose the company should be spelled out in black and white and the MLO, or the person completing the LE, should have absolutely no discretion in which company to choose.
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