Skip to content
BOL Conferences
Thread Options
#2299756 - Yesterday at 07:53 PM Service Provider List – Did the Borrower Shop?
m a d_compliance Offline
New Poster
Joined: Jul 2024
Posts: 2
At LE it is my understanding of Comment 19(e)(1)(vi)-3, that the fees disclosed in section C. Services You Can Shop For, should match the fees names disclosed on the Service Provider List. What happens if they don’t match?

When a lender goes rouge on the LE, disclosing the borrowers preferred attorney’s fee instead of the fees disclosed on the Service Provider List. Then at closing the borrower wants to use their preferred attorney, what section does the title fees go into? Section B. Services Borrower Did Not Shop For or Section C. Services Borrower Did Shop For?

Return to Top
Lending Compliance
#2299761 - Yesterday at 08:18 PM Re: Service Provider List – Did the Borrower Shop? m a d_compliance
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,956
Galveston, TX
They put the borrower's preferred attorney on the service providers list? Then on the CD it would go in Section B and be part of the 10% aggregate tolerance.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2299763 - Yesterday at 09:23 PM Re: Service Provider List – Did the Borrower Shop? rlcarey
m a d_compliance Offline
New Poster
Joined: Jul 2024
Posts: 2
No they did not update the Service Provider List. So would it go in section C on the CD?

Return to Top

Moderator:  Andy_Z