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Where does UPL come into reviewing HUD-1 with borrower
Posted by  bfd110_IN of IN on 11/24/11 1:35am Msg #404894
Has nothing to do with processing a loan. You are showing them a document on what they were charged. Just as you would show them the note to show them what interest rate they were charged.

How is it UPL when a line item says Line 803 is marked appraisal and it shows a fee for 400 and you show that to the customer? The customer ask why was I charged 400.00 and you refer them to the L.O.

How is that different than me saying your interest rate is 4.375 and the customer saying How did they get that and you refer them to the L.O.?

I am missing something here. An opinion wasn't given. Great now I am going to jail cause I go over the Settlement Statement and when they have questions I refer them to the L.O. Easiest thing to do is throw it in front of the borrower and say "Read it. Don't ask me questions."

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Messages in this Thread
 Just wondering - lindab on 11/23/11 5:58pm
 Re: Just wondering - Mike Goodey on 11/23/11 6:06pm
 Re: Just wondering - lindab on 11/23/11 6:07pm
 Re: Just wondering -  BBuchler/CA on 11/23/11 6:14pm
 Re: Just wondering -  Yoli/CA on 11/23/11 6:32pm
 * * * * * Post, Yoli. Our job is to describe docs, not -  Susan Fischer on 11/24/11 12:16am
 Re: Just wondering - Bee_CA on 11/23/11 6:20pm
 Re: Just wondering - Buddy Young on 11/23/11 6:21pm
 Re: Just wondering -  jba/fl on 11/23/11 6:25pm
 Re: Just wondering -  LKT/CA on 11/23/11 7:15pm
 All good advice! Thanks everyone! n/m - Karla/OR on 11/23/11 8:24pm
 Re: Just wondering - Julie/MI on 11/23/11 8:54pm
 Thank you Julie!! i know i am going to get hammered on this -  bfd110_IN on 11/23/11 9:40pm
 Re: Thank you Julie!! i know i am going to get hammered on this - jnew on 11/23/11 10:41pm
 If that's what you have to do with a TPL... -  Roger_OH on 11/23/11 10:53pm
 Re: If that's what you have to do with a TPL... -  bfd110_IN on 11/23/11 11:25pm
 I agree. We are professionals. Hey Scott. -  Dennis_IN on 11/23/11 11:28pm
 Re: Thank you Julie!! i know i am going to get hammered on this - MikeC/TX on 11/23/11 11:35pm
 Totally agree Mike - which is why I said that the LO -  jba/fl on 11/24/11 12:22am
 Where does UPL come into reviewing HUD-1 with borrower -  bfd110_IN on 11/24/11 1:35am
 Re: Where does UPL come into reviewing HUD-1 with borrower -  Dennis_IN on 11/24/11 9:28am
 Re: Just wondering -  Les_CO on 11/24/11 10:47am
 Re: Just wondering - MikeC/TX on 11/23/11 11:19pm
 Re: Just wondering -  Dennis_IN on 11/23/11 11:36pm
 Mike, I'm going to disagree with you here.. -  Linda_H/FL on 11/24/11 8:36am
 Re: Just wondering - Buddy Young on 11/24/11 12:36am
 IMO depends on how you advertise yourself -  ReneeK_MI on 11/24/11 7:43am
 Re: IMO depends on how you advertise yourself -  Dennis_IN on 11/24/11 9:21am
 This is why I do not do purchase closings anymore. The - Eva75Eva on 11/24/11 7:58am



 
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