Consumer Warning! If you have submitted your Name, Income, Social Security Number, Property Address, Estimated Value or Sales Price and Requested Loan Amount, a lender must issue a Loan Estimate to you. Do not be fooled by those who tell you they need to verify information or ask you for more information prior to giving you a Loan Estimate. It’s the Law!
Related Article Title: CFPB-TRID-RESPA FAQs Update – Loan Estimates Written By: Tammy Butler, Master CMB The CFPB continues to clarify industry questions from lenders regarding TRID disclosures and RESPA requirements. In this update the bureau addresses frequently asked questions on Loan Estimates. Rule Synopsis: Periodically, the CFPB issues clarifications to the very complex TRID-RESPA rules. […]