IMPORTANT CHANGES IN RESPA - 12/07/09 02:49 PM
With all of the changes in regulation, it has become commonplace for loan officers to take mandatory compliance tests verifying their knowledge based. Just this week, I completed my mandatory RESPA (Real Estate Settlement Procedures Act) test and passed with flying colors - not that I was ever worried!
 
With these new changes in place, going forward all borrowers will be able to compare Good Faith Estimates with the Settlement Statement. These forms will be the same for ALL lenders starting Jan 1st, 2010. This will make shopping for mortgage rates and closing costs much easier for the buyer, as … (2 comments)

 

Heather Burns

Kirkland, WA

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Guild Mortgage Company

Address: 150 120th Ave NE STE #200, Bellevue, WA, 98005

Office Phone: (425) 945-8035

Cell Phone: (206) 714-3522

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