London Dock For Her

On 12/13/2016 our borrower paid [redacted] a payment for an application fee of $595.00.  [redacted] was unable to “source” this payment per [redacted] Guidelines.  The borrower’s loan closed on 1/13/2017.  A local Title Company handled the closing of this loan. The Borrower was...

misinformed that they would receive a “check” for $595 after closing, when in fact on the Final Settlement Statement dated 1/12/2017 signed by the borrower, section J, [redacted] gave the borrower a refund/credit of $595 for their un-sourced application fee that we collected on 12/13/2016.  The client still owed this application fee, so we collected it at closing on line A2. The statement shows on Section L5 the Borrower received a seller total credit of $4325.00.  Our file does not include any notice of repairs. On the 12/17/16 Addendum 2 Buyer and Seller negotiated additional monies of $1225 in the Seller concession. The original amount was $3100 plus $1225.00 for a total of $4325. The owner of [redacted] did speak and emailed the borrower the Final Settlement Statement on 4/28/2017.    Sincerely, New West Lending, Inc