Thread Starter: Anonymous
Title: Re: Collecting GMI after initial application
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Friday 11/30/12 we had a customer call in for a refinance, on the same day we locked the rate but did not complete an application form so there fore did not collect GMI at that point. The customer then came in on 12/4/12 and we provided the Reg Z & RESPA disclosures as well as completed the application form and collected GMI.
Here is what concerns me, shouldn’t we have collected GMI on 11/30/12 as that was the actual day of application correct?
Also we are not a HMDA bank.
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