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No Yield Spread Premiums Allowed on TRID Loans Audit

Fatal
Description

Fatal audit added to the compliance automation system that will trigger if yield spread premiums are charged on TRID applicable loans.  If triggered, the message will read: "Premiums not allowed for TRID loans. Broker compensation should be entered as a charge or fee. Lender Credits should be entered in the Details of Transaction."

Notes

N/A

SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.