07/07/2024
I am sending a revised Loan Estimate for an appraisal fee increase. What verbiage do I use to justify that the appraisal transfer invoice shows the fee is now $575 versus the $430 which was initially disclosed. This is an appraisal transfer from another lender., and I am not sure what the correct verbiage would be for this change.
06/30/2024
If our policy is to not disclose Title Insurance on loans less than $300,000, could a Change in Circumstances such as an error allow us toredisclose with title insurance, if this can be done within 3 days of being notified of the error? If so, would this cause the closing date to be moved further out?
06/25/2023
We received a mortgage loan application and sent out the initial disclosures. During the loan process the loan officers mortgage company was acquired by another.
Does this require a new loan or can we just update the company name and NMLS so it is correct on our loan documents (the Note and Deed of Trust)?
07/29/2018
How should we disclose construction loan inspection and handling fees?
04/16/2017
If you receive an application on 3-20-17 and the loan app. is applicable to TRID, do you have to do the LE if you decline within 3 days.
02/21/2016
For a fixed rate home equity loan with no escrow, how and where should debt protection be displayed on the closing document?
01/03/2016
Prior to Integrated Disclosures, a credit sale (selling and financing an OREO property) required us to disclose the Total Sale Price on an Estimated and Final TIL (12 CFR 1026.18(j)). Is there a similar requirement on the new Loan Estimate and/or Closing Disclosure or has this gone by the wayside?
01/03/2016
Once you receive the RE application, what is the timeline to when you can close the loan?
12/20/2015
In regards to TRID's services that a consumer is permitted to shop for, if the customer does not select a service provider and requests that the lender choose a service provider for them, is the amount charged subject to the 10% cumulative tolerance?
11/15/2015
I have a question regarding tolerance categories once the TRID rules go into effect. Here is my potential scenario:
Our customer chooses to purchase Owner's Title Insurance. We do not require that they do this as a condition of the loan. What if the company they choose is an affiliate of our company. Would this fall into the no limit or zero tolerance category?