Skip to content

Is email receipt of the LE sufficient

Question: 
We mailed the borrower’s Loan Estimate and they emailed us that it was received and they want to proceed with the loan. Can we act on this emailed notice?
Answer: 

The emailed verification of receipt and notification of intent to proceed would be sufficient.
-----------------------------
Learn more about John Burnett and Andy Zavoina’s webinar Annual LENDINGCompliance Recap

First published on 12/25/2016

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics