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.