Revised LE or show on CD

Posted By: mdog76

Revised LE or show on CD - 10/31/18 01:23 PM

Customer receives initial LE then property evaluation comes in lower than expected and the loan amount has to be reduced. This also reduces the payment, fees, etc. Since everything went down, is a revised LE "required"? Or could everything be covered on the CD since it all went down?
Posted By: RVFlyboy

Re: Revised LE or show on CD - 10/31/18 02:23 PM

A revised LE would not be required. You could issue one for informational purposes or you could just reflect all on the CD.