How often should exception reports be delivered to lenders?
Who is required to receive a copy of the rescission notice?
We gave a lender credit of $2,500 on the LE for a "no cost" loan. On the CD, we showed all fees paid by the lender, with total specific lender credits of $2,600. However, our origination fee of $500 shown on the LE was waived and removed on the CD, offsetting an increase in a title service fee of $600. In short, we are paying more in credits than originally disclosed, but have removed a waived fee. Is this acceptable?
What does credit analysis software do?
Are rate sheets we send to auto dealers and mortgage brokers CAN-SPAM covered?