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Reviewing a Loan to Possible Purchase

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Question: 
If the initial GFE did not list the name, address & phone number of originator can they do a revised one and be okay or will they have to use $0.00 on the HUD-1 comparison and pay the borrowers the difference between $0.00 and the actual cost?
Answer: 

That error would not negate the GFE in my opinion, but how on earth with today's loan origination systems did that information not get input? That information should automatically populate the form.

First published on 08/31/2015

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