Delivery Fees charged by thrid party vendor

Home » Topics » Real Estate Settlement Procedures Act/ Regulation X » Delivery Fees charged by thrid party vendor

This topic has 1 reply, 2 voices, and was last updated 13 years, 10 months ago by jholzknecht.

Creator

Topic
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.
Creator

Topic

Viewing 1 replies (of 1 total)

Author

Replies
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

Replies

Viewing 1 replies (of 1 total)

You must be logged in to reply to this topic.