What services belong in Block 3 (10% tolerance if directed by the lender), ‘Required services that we select’?
Block 3 of the GFE contains the charges for all third-party settlement services (except title services) for which the loan originator requires and selects the provider of the service. Examples of these charges for services generally include but are not limited to, appraisal, credit report, tax service, flood certification and up-front mortgage insurance premiums.
Related Questions
- If the block which has once been successfully placed in the correct position should fall or exceeded the tolerance will we lose score for that block?
- When a robot is in contact with a block or a Top Golden Block that is placed in the correct position or within tolerance, does that block earn score?
- Does the requirement for a "written list" apply to Block 4, "Title services and lender’s title insurance" on the GFE?
