8 Tips On Real Estate Closing Costs

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Tip #5 – What Happens If A Loan Officer Doesn’t Collect The Fee?

8 Tips On Real Estate Closing Costs

  • www.zillow.com

If the loan officer fails to collect the required fee, it would be deducted from his/her salary by the company. The lender might like to get a $300 processing charge but it can be conceded to the borrower should the loan officer decide to do that.

He or she has that kind of discretion so you want to catch them on a generous day because it comes from their pay. There are some fees that only the lender or broker can modify or waive.

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