Category: Compliance

What Was Added? What Was Changed on Mortgage Currentcy This Month?

In each Rules Issue, we post, “What was Added and What Was Changed!”  This helps our subscribers stay up to date on all of the additions to the site as well as changes to our charts, checklist, and MTPs that are changed each month, due to guideline updates. What Was Added This Month! Charts & […]

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Should an Appraisal “rush fee” be Disclosed on the Appraisal line of the LE?

Question: Our client needs a “rush” appraisal, and we want to disclose this properly on the LE since there is no tolerance on appraisals. Technically, the appraisal is one item and the fee to rush it is another fee.  Should these be combined on the appraisal line or disclosed separately? Answer: It would require a […]

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What Was Added? What Was Changed on Mortgage Currentcy This Month?

In each Rules Issue, we post, “What was Added and What Was Changed!” This helps our subscribers stay up to date on all of the additions to the site and changes to our charts, checklist, and MTPs that are changed each month due to guideline updates. What Was Added This Month! Charts & Checklists: Found […]

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Valid Change of Circumstance to Increase Appraisal Fee

Question: Is an increase in appraisal cost due to workload a valid change of circumstance? Answer: Here are the six reasons that would cause a Change of Circumstance (see below). My knowledge of this is that appraisal fees fall into the zero tolerance category and would not fall into one of the six reasons for […]

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What Was Added? What Was Changed on Mortgage Currentcy This Month?

In each Rules Issue, we post, “What was Added and What Was Changed!”  This helps our subscribers stay up to date on all of the additions to the site as well as changes to our charts, checklist, and MTPs that are changed each month, due to guideline updates. What Was Added This Month! Charts & […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

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