GFE

Since surveys are rarely needed or obtained... (Members)
I can't recall the last time a survey was required by a lender or even the last time a buyer decided to get one. I stopped listing an estimated survey cost on my gfe Does anyone else disclose s
http://forum.brokeroutpost.com/loans/forum/2/309506.htm (Replies: 8)
Related tags: [do you even bother disclosing them on the gfe]

gfe credit issue, your opinion is requested (Members)
I wanted to share with all of you an experience I had with Plaza Home Mortgage. I am hoping to get some feed back. I had a loan closing with Plaza Home mortgage, a cash out refi. The recording
http://forum.brokeroutpost.com/loans/forum/2/305136.htm (Replies: 0)
Related tags: [gfe credit, plaza home mortgage]

Stupid question: YSP showed @ Itemized deductions (Members)
First, I know it's a stupid question, I know that someone that it's been doing loans shoudlnt ask for this, I know..... but Please, if you are not going to say something helpful... please don't say an
http://forum.brokeroutpost.com/loans/forum/2/300254.htm (Replies: 1)
Related tags: [ysp gfe]

Help - APR diff than note rate on no cost loan (Members)
Hello, This was brought to my attention where we offered a no cost loan to the borrower, and his TIL showed a APR higher than the note rate. We are not rolling closing costs into his loan amount. We
http://forum.brokeroutpost.com/loans/forum/2/295892.htm (Replies: 1)
Related tags: [gfe, til, apr]

DANGER WILL ROBINSON, DANGER (Members)
Just when you think you have the new GFE down to a science, let me tell you a story that curled some toes in our office. Seller did not want to go the short sale route, would blow his security cleara
http://forum.brokeroutpost.com/loans/forum/2/289651.htm (Replies: 39)
Related tags: [sucking it up on a gfe]

Smart GFE (Members)
Mortgage originators can now create more accurate Good Faith Estimates quickly and efficiently using the SmartGFE Service, the largest and most comprehensive source for real estate closing costs and a
http://forum.brokeroutpost.com/loans/forum/2/288977.htm (Replies: 0)
Related tags: [gfe, smartgfe]

Is it illegal for RE Agent to quote rates/ fees? (Members)
Does anyone know whether or not an unlicensed (LO License) REALTOR can get into trouble quoting rates and fees once the new licensing laws take effect in July? I would love to know as you have a nice
http://forum.brokeroutpost.com/loans/forum/2/287319.htm (Replies: 0)
Related tags: [nmls, licensing, gfe]

Best free RESPA 2010 training video (Members)
I am look to see has any one found a really good training video that covers all the new Respa 2010 changes? I know it is a little late to be trying to figure it out but I sort of took a couple months
http://forum.brokeroutpost.com/loans/forum/2/286989.htm (Replies: 4)
Related tags: [gfe]

Eliminate GFE Errors, get GUARANTEED QUOTES today! (Members)
With accurate GFE preparation at the top of originators concerns list, we want you to know that REO Land Services, "your title and closing solution" has the answer to new GFE problems, its MyREO and o
http://forum.brokeroutpost.com/loans/forum/2/285828.htm (Replies: 0)
Related tags: [gfe, title, fee quote, insurance, disclosure, fees]

New GFE and FHA refunds in Point (Members)
I realize that closing fees that are normally paid by the borrower but paid by someone else are included on the new GFE. But, I am unsure how to handle the FHA up-front refund. Should this refund
http://forum.brokeroutpost.com/loans/forum/2/284514.htm (Replies: 3)
Related tags: [gfe, fha, point]

RESPA impact on Reg Z (APR) (Members)
How do the new RESPA rules impact, if at all, what is and what is not considered a finance charge under Reg Z? For example, is lender's title insurance coverage now a prepaid finance charge that affe
http://forum.brokeroutpost.com/loans/forum/2/284449.htm (Replies: 1)
Related tags: [respa, reg z, apr, gfe]

Provident (New GFE Question) (Members)
Has anyone submitted a new loan to Provident with the new 2010 GFE? I am confused as they are not including the YSP in Origination Charges. That is for up front broker and lender charges with Doc
http://forum.brokeroutpost.com/loans/forum/2/284264.htm (Replies: 22)
Related tags: [2010 provident gfe]

Twas the Night Before RESPA... (Members)
T'was the week before RESPA When all through the lands, LO's and Closers were wringing their hands. RESPA Changes are coming, They all started to worry, We'd better get trained, and trained in a
http://forum.brokeroutpost.com/loans/forum/2/283490.htm (Replies: 2)
Related tags: [respa, gfe, hud, government]

Point users new version- Using old GFE (Members)
Just a heads up, if you have the newest version of Point 7.2, if you go to the GFE 2010 at the bottom of the page there is a "GFE" tab that is just like the old GFE but when you print it, it is titled
http://forum.brokeroutpost.com/loans/forum/2/283451.htm (Replies: 5)
Related tags: [gfe old new 2010]

The End of BROKERS!!! (Members)
I have read some posts by many brokers trying to put a pretty face on the New GFE that goes in affect Jan 1st! I really believe this is the end of Brokers! Let me prefix my comment with my history
http://forum.brokeroutpost.com/loans/forum/2/283211.htm (Replies: 64)
Related tags: [new gfe, gfe, brokers, out of business, bankers]

GFE Alternative (Members)
Hey guys I have been back and forth over this new 2010 cybor super disclosing good faith estimate. I have NO problem with properly disclosing my borrowers but I have nightmares about giving them 3 pa
http://forum.brokeroutpost.com/loans/forum/2/281676.htm (Replies: 1)
Related tags: [2010 gfe, new gfe]

Lender Ignorance? Final GFE Discrepancy (Members)
The lender I am working with sent final GFE and TIL to me without seller concessions included, the lender says that this is the correct way to disclose. Now they expect me to present this final GFE to
http://forum.brokeroutpost.com/loans/forum/2/280192.htm (Replies: 2)
Related tags: [til final, gfe]

And here we go.... (Members)
Aw, it looks so pretty and professional. I don't see how this is easier for borrowers to understand. I guess when they see that there is not an origination fee on the retail side, and then they see ou
http://forum.brokeroutpost.com/loans/forum/2/279689.htm (Replies: 0)
Related tags: [gfe, hud-1]

DAZED AND CONFUSED ABOUT MDIA (Members)
Okay, I am thoroughly confused. When listening to the Suntrust reply on MDIA, they said it goes into effect July 30, 2009. When I brought this up at work, I was told it was extended to January 1. B
http://forum.brokeroutpost.com/loans/forum/2/272159.htm (Replies: 7)
Related tags: [til, gfe, collecting fees]

FHA Streamline MI Refund (Members)
I have the correct figure populated on my GFE...I was expecting it to come off the new MI required to reduce that amount and instead it came off the funds to close. Is that the correct way it gets pr
http://forum.brokeroutpost.com/loans/forum/2/270823.htm (Replies: 6)
Related tags: [how is that handled on gfe]

FHA PAR? R.P. Funding Corp.Maitland, FL.? (Members)
Out of the loop here & been dealing w a commercial files & far more importantly sick wife in & now out of the hospital. Have a neighbor, called me Sat.PM for a 2nd opinion; Came over t
http://forum.brokeroutpost.com/loans/forum/2/256924.htm (Replies: 8)
Related tags: [no gfe?]

What do you disclose 3 days prior to closing in Fl (Members)
I know what I do and I'm hoping a handful of people are going to respond because I want to know what other educated brokers are doing. What do you send our prior to closing? Do you match the GFE
http://forum.brokeroutpost.com/loans/forum/2/250645.htm (Replies: 2)
Related tags: [respa, gfe, ysp, fees, florida]

Florida compliance question. (Members)
We've been matching the GFE to the HUD line for line three days prior to closing... it's such an in stone policy that we won't let LO's fund loans unless it's done. The more time goes by and the more
http://forum.brokeroutpost.com/loans/forum/2/247692.htm (Replies: 7)
Related tags: [final gfe to match the hud 3 days prior...]

New Mortgage Rules Monday? (Members)
[url]http: money.cnn.com 2008 07 11 news economy fedrules index.htm?postversion=2008071112[ url]
http://forum.brokeroutpost.com/loans/forum/2/231627.htm (Replies: 25)
Related tags: [stated, ysp, subprime, prepays, gfe]

Spin Session!!! (Members)
With all the talk about the new and improved disclosures from our wonderful politicians, lets dedicate a thread to spin. The politician gets votes and acolades from implementing new disclosures, that
http://forum.brokeroutpost.com/loans/forum/2/215045.htm (Replies: 3)
Related tags: [disclosures, gfe, til, hud]

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