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The Revised Loan Estimate Changed Circumstances and Form

The Revised Loan Estimate Changed Circumstances and Form

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revising loan estimates in the July 2017 trig modifications either this is Jared Moyer with bankers compliance consulting how are you coming along on the July 2017 trig modifications are you drowning or maybe you're just struggling to tread water well it wouldn't be a surprise it took five hundred and sixty pages to discuss the modifications that were made to the original trig rule that we've been compliant with for almost the past two years today I want to take a few minutes and talk to you a little bit about one of the items that was included within that final rule update and that is the revised loan estimates and so the the rule prior to the amendment was actually referred to one type of revised loan estimate and that was a change circumstance that led to something that was affecting your tolerances and you had options you unless it was related to write a rate lock anyway your options were to either you know ignore it and maybe you have to do a tolerance acut

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