Closing Disclosure Was Replaced By the HUD-1

The Closing Disclosure Was Replaced By the HUD-1

ByGustan Cho
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In this blog, we will cover how The Closing Disclosure Was Replaced By the HUD-1 Settlement Statement. Consumers and Mortgage Industry Professionals are getting ready for the CFPB to launch the new The Closing Disclosure Was Replaced By the HUD-1 Settlement Statement effective on October 3rd, 2015. Right, when everyone thought that we were done…

The Mortgage Loan Estimate

What Is The Mortgage Loan Estimate?

ByGustan Cho
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In this guide on what is The Mortgage Loan Estimate, we will cover the loan estimate (LE) in general and detail each section of the LE. We will further cover the importance of the loan estimate and what borrowers need to pay attention to.  Receiving a loan estimate is a required part of the mortgage…