Revised Closing Disclosure after rate lock expires
06/05/2016
If we have issued a CloD and the rate expires and we need to extend it, then what do we need to do? The CloD does not show the expiration date.
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06/05/2016
If we have issued a CloD and the rate expires and we need to extend it, then what do we need to do? The CloD does not show the expiration date.
06/05/2016
If there is no Mortgage insurance at all should it be disclosed with a zero or a dash?
06/05/2016
How do you deal with determining ongoing content coverage when you are taking something like inventory for collateral, which can change at any point in time? Do you need to get a list yearly from the customer?
05/29/2016
On a secondary market loan where our loan servicer charges a tax service fee, should that be included in the origination charges section or services you cannot shop for?
05/29/2016
Are the seller-paid real estate agent commissions required to be disclosed on the Closing Disclosure?
05/29/2016
If we meet the customer in person, we are using the date the customer signed the Closing Disclosure as our proof they received it earlier. Does this documentation work?
05/29/2016
Is a separate flood policy necessary for residential home and detached garage?
05/22/2016
We had a construction loan where the builder provided insurance for the borrower until the home was completely built and they could move in. How should the homeowners insurance be disclosed on the closing disclosure?
05/22/2016
For the permanent phase of a construction to permanent loan, how would a voluntary escrow for taxes be disclosed on the LE and CD?
05/22/2016
If a flood determination states that the property is not in a SFHA; however, the loan officer is aware that the area is flood prone, can the officer require the customer to get flood insurance?