What Line of HUD Should Wire Charge be Placed?

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Question:

During the processing of a real estate closing, the payoff must be wired to another financial institution. On what line of the HUD should the charge for the wire be placed?

Answer:

If the wire fee is charged by the bank, it would be part of the origination fee on Line 801. If the wire fee is charged by the title company, it would part of the title services charge on line 1101.

First published on BankersOnline.com 6/11/12