Brokers are not required to issue an initial TIL or initial Servicing Disclosure Statement.  text

We received many excellent and challenging questions during our webinar “Making Sense of the New GFE,” hosted in the month of February. As promised, below you will find answers to all of the questions asked. The answers come from our best available resources, and we will all continue to learn more as HUD posts new information. Reviewing findings from your quality control audits is also a good way to learn how to meet RESPA requirements.  text

To add to the questions from February’s webinar, we received many excellent and challenging questions during our March webinar “Continuing to Make Sense of the New GFE: A More in Depth Look.” As promised, below you will find answers to all 32 of the questions asked. The answers come from our best available resources, and we will all continue to learn more as HUD posts new information. Reviewing findings from your quality control audits is also a good way to learn how to meet RESPA requirements.  text

Mortgage Quality Control (QC) Compliance Update: 2009 HUD Letters  text