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#23033 - 07/09/02 03:10 PM P.O.C. on the GFE
Carrie Offline
Member
Carrie
Joined: May 2002
Posts: 74
Pittsburgh, PA
My bank recently purchased loan processing software (Contour) and I was just told by the loan dept. head that P.O.C. does not print beside the appropriate line item on the GFE. Instead, there is a section at the bottom of the form (in small print) outlining P.O.C. costs...or so I am told...I haven't seen the form yet.

I am unable to find anything within RESPA requiring that P.O.C. be placed "in the appropriate lines next to the identified item" on the GFE...(I know that it's required on HUD-1)...so, are we okay? Has anyone else using Contour software encountered this?

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Lending Compliance
#23034 - 07/09/02 03:31 PM Re: P.O.C. on the GFE
mmason Offline
Gold Star
Joined: Nov 2001
Posts: 447
New England
I just happened to have a loan processor sitting next to me when I read this question so I asked her how this works. We are using contour version 5.2 and she said there is a small box that can be checked on the individual line items, if checked then poc will print.

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