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Did I miss a memo or something? Provident sent this out today. I just received this from a client. As far as I know you still cannot impose a fee on a borrower prior to receipt of the TIL. Have you heard anything?
EFFECTIVE IMMEDIATELY! **BIGGEST NEWS OF THE YEAR** EFFECTIVE IMMEDIATELY!
NO MORE WAITING ON DISCLOSURE ACKNOWLEDGEMENT…BORROWER CAN NOW-PAY FOR THE APPRAISAL BEFORE WE SEND OUT OUR DISCLOSURES!NO TIL TO BE SIGNED, BUT – Borrower still needs to acknowledge PBM disclosures or the 4 day waiting period must pass, before the appraisal can be released to us.
OBVIOUSLY, THIS WILL SPEED THINGS UP AND HELP YOU BETTER COMPETE AGAINST NET BRANCHES AND RETAIL LO’s!!!
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