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GFE Tolerance

Answered by: 
Dan Persfull

Question: 
With regard to the GFE tolerance, in our area we only have one title company per county, so there is really no choice for the borrower. Could we include that in the Unlimited Tolerance level?
Answer: 

No, since the borrower is required to use the service provider, the 10% tolerance will apply.

First published on BankersOnline.com 9/13/10

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First published on 09/13/2010

Filed under: 
Lending
Filed under lending as: 
Service Provider

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