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Our bank is part of a holding company with a number of sister banks. We will be doing the mortgage loan processing and underwriting of secondary market loans for some of our sister banks. The loans will be made in their names and we will recieve a fixed payment for our processing of the loan. We are in the process of creating and updating the AfBA disclosure and have mixed opinions on whether Section A or B should be used in this disclosure found in App. D fo RESPA. Could you advise?
Aslo how is this disclosed on the GFE and TIL?We will also be doing FHA loans for these banks and these will be done in our name as we are now the FHA Sponsor for the sister banks. This appears to be just the opposite? We have the same questions as above.
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