FORUM PROFILE

Delivery Fees charged by thrid party vendor

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 8, 2011 at 4:33 pm EDT #2386
    Anonymous
    Inactive

    We use Freddie Mac for a funding source and they often add delivery fees to our pricing. We retain the servicing of each loan that is funded through Freddie Mac. For GFE/HUD purposes are we to consider ourselves brokers? AND must these delivery fees be disclosed as points to obtain the rate? These delivery fees are paid by the borrower.

    September 17, 2011 at 7:22 pm EDT #2771
    jholzknecht
    Keymaster

    The delivery fees, which are often referred to as Loan Level Price Adjustments, are disclosed in Block 2 (Checkbox 3) of the GFE.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.