Revised LE needed for changes to mortgage broker fees?

[mdesso]

If the Mortgage Broker fee is less than disclosed on the initial LE is a revised LE needed reflecting the reduced cost? Is this considered a change of circumstance under TRID?

[mdesso]

No it does not but you are not prohibited from issuing a revised LE reflective of the accurate cost, though this does not reset the clock on anything.

[Author]

Posts