Loan Origination Fee On HUD Lower Than On GFE

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Question:

Can a loan origination fee on the HUD be lower than that disclosed on the GFE? If so do we just give a new GFE at closing?

Answer:

Yes, Block 1 can go down but not up. There would be no reason to issue a revised GFE. Page 3 under the GFE column will show the amount disclosed on the GFE and the HUD column would show the actual amount charged and disclosed on the HUD.

First published on BankersOnline.com 2/21/11