Did You Know Brokers Are Not Required to Issue an Initial TIL or Servicing Disclosure Statement?
Brokers are not required to issue an initial TIL or initial Servicing Disclosure Statement. In accordance with RESPA and TILA, we will not issue a finding to brokers if these documents are not in the file. Check out the regulations: Servicing Disclosure Statement: Delivery. The lender, table funding mortgage broker, or dealer that anticipates a…