Posted By: Compli(cated)
"Flat closing cost bundle"? - 07/01/15 02:13 PM
One of my favorite types of questions came from the mortgage department this morning:
They heard on some webinar an attorney say that there is nothing in the reg that would prohibit us from charging a flat closing cost fee bundle. They would like to disclose it as one item under the Services You Cannot Shop For.
I am seeing plenty in the reg that specifically requires itemization, but just wanted to check if there is something else that I am missing?
They heard on some webinar an attorney say that there is nothing in the reg that would prohibit us from charging a flat closing cost fee bundle. They would like to disclose it as one item under the Services You Cannot Shop For.
I am seeing plenty in the reg that specifically requires itemization, but just wanted to check if there is something else that I am missing?