Closing costs question for Section B of the closing disclosure. Borrower pre pays $425 for appraisal. Appraisal comes in, but the actual cost is $400.00. We are currently showing a -25.00 in borrower paid at closing and $425.00 in before closing. Is that correct?
Yes, in fact you have a two options in this situation as provided in the April, 2016 CFPB webinar:
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