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BECU Mortgage Loan Administration Automatic Payment ACH Form

BECU Mortgage Loan Administration Automatic Payment ACH Form

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lorraine can you tell me how the paperwork is going to be a little bit easier for consumers to navigate with know before you owe to new forms are being introduced the first is the loan estimate this replaces the good faith estimate and the truth and lending disclosure statement that borrowers receive within the first few days of application the second form is called the closing disclosure and that replaces the hud-1 settlement statement that borrowers receive either at or shortly before they close their loans if I'm hearing this right it's going to be much easier for me to see what I was quoted at the beginning and what I'm actually paying at the end from a perspective of my rates in my terms yes the new loan estimate is much easier for a borrower to understand as well as the closing disclosure being easier for the borrower to understand and compare at closing what the fees were that were quoted to them went in the initial loan estimate Lorraine can you told me about the benefits of kn

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