Who can sign a release of mortgage?
Are we required to use the new uniform residential mortgage loan application?
Should Lenders receive a declaration page or receipt of coverage from their customer's insurance agent to certify Flood Insurance has been purchased prior to closing? And is this a requirement that has to be received before a home loan can close?
A soldier’s mother called to tell us her son joined the Army. Do we have to reduce the loan rate that day?
We have a consumer real estate ARM loan that was originally set as a 5 year ARM with a 10 year term. The loan was booked. Two months into the loan the borrower wants to make the term of his loan to 15 years instead of 10. We did not change the rate and the payments went down because the term was extended. We made the changes on a change in terms/modification document. Is this a change that should have required new TRID disclosures, or is this considered a subsequent change an no new disclosures are required?