We have two different GFE from the same lender!

Asked by HAV, Naperville, IL Sat Jul 6, 2013

Hi, Our lender specialists got approval from her manager to get the lender fees for us down to $300 (from 1800USD) . However the GFE received today in the loan application did not reflect that.When we asked why? he/she explained that her capital markets group that adjusts the pricing in the system has been out for the holidays (4th of July). And that It will be reflected the next business day (Monday), and that he/she will email us the GFE once it posts. Is the loan application we have now somehow linked to the GFE in the package, and the second GFE (that presumably they will send us on Monday) have no value? Please help!

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William Chu, Mortgage Broker Or Lender, Elmhurst, IL
Wed Sep 25, 2013
You should review the GFE along with your loan application, aka the 1003. The GFE alone may confuse you because it does NOT document money credit(s) from others (Lender, Seller + etc).
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