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Must a mortgage broker disclose payments he receives that the borrower does not pay for directly?

April 26, 2017borrower directly disclose mortgage broker pay PAYMENTS

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Must a mortgage broker disclose payments he receives that the borrower does not pay for directly?

1 Answer

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10 Posted

Yes. The mortgage broker must disclose all payments and fees he receives whether they are received directly from the borrower or indirectly from the lender.