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We are a deed of trust state. We do not prepare the deed of trust and accompanying credit agreement for real estate secured mortgages in-house. Instead, we have local attorneys prepare them for us. The customer may choose which attorney so long as the attorney is on the Bank’s board-approved attorney listing.
Which of the following options would this be quoted under?
A. Lender Attorney Fee under Origination Charge – 0% Tolerance
B. Title – Document Prep under Cannot Shop – 0% Tolerance
C. Title – Document Prep under Can Shop – 10% ToleranceThanks!
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