Rate Lock
Posted By:
gunches
Rate Lock -
11/27/15
10:02 PM
When we do the loan estimate, the rate is not locked. Are we required to do redisclosures when we lock the rate, if that is all that changes?
Posted By:
justsayjulie
Re: Rate Lock -
11/27/15
10:35 PM
Yes, you need to redisclose when the rate is locked. You may want to read this previous thread (
https://www.BankersOnline.com/forum/ubbthreads.php/ubb/showflat/Number/2045637
) that discusses it further.