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Delivery Fees charged by thrid party vendor

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

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  • #2386
    parroyo
    Participant

    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.

    #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.

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