Origination Charges on GFE

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  • #6745

    Good Morning,
    We had a GFE where the employee lumped the credit into the origination charge resulting in a negative number in box 1 of “Your adjusted Origination Charges” instead of listing our origination charge and then selecting the appropriate box to complete in box 2. Section A “Your Adjusted Origination Charges” is the same negative number that is in “Our Origination Charge” (the negative number reduces their costs needed at closing)
    Though they filled it out incorrectly there are no basis for a changed circumstance here right? I said no, but as a result our RE department fears there will be investor push back, but I think we just have to own it. I did run APRWIN and the loan is not out of tolerance. Do you agree?

    Thank you


    I agree and from what you’ve said I don’t see a reason this would be a changed circumstance.

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