Direct Mortgage Wholesale Login & Loan Choices Image
DirectWare Login
 
Priority UnderwritingLoan Choices™FAQContatctLoan ProgramsLock  
     

What Does Approving Closing Fees Mean?

Approving Closing Fees means that you certify and affirm that the closing fees listed on the HUD-1/GFE input form are correct. Therefore, once you click the "Approve Closing Fees" button, the following applies:

  • Fees are not to change unless there is a bona fide changed circumstance as defined by RESPA. In those cases where there is a bona fide changed circumstance, double clicking a fee on the HUD-1 input form will allow you to update it. (You will need to click the blue "Unapprove Closing Fees" button first.)
  • Do NOT rely on our Closing Docs Area to check with Title for correct fees, nor to change fees after you have disclosed. It is your responsibility to ensure that fees are correct up front — before disclosures are sent to the borrower(s).
  • Redraw fees reducing broker income will apply – should fees need to be updated.
  • Fee increases not allowed by RESPA will reduce broker fee income.

If you have a question about this policy, please contact your account executive or Broker Support at brokersupport@directcorp.com or (800) 924-3884.

 
   Sign Up Now!

Loan Programs List
Find, Price & Lock Loan
Submit Loan
Become Approved Broker
Rates
FHA Calendar

Resources
Bulletins
29 Certified Processes
Underwriting
Blog
About Us
FAQ

 
 
 
Learn more about Direct Mortgage's online underwriting....
Employment
Join our team. Step into the future of mortgages....
 
Direct Mortgage, Corp. (NMLS ID 9612) is licensed or operating with a license exemption under the following names: AL, ID, NV, OR, WA: "Direct Mortgage Corp"; AZ, HI, LA, MI, MS, OK, SC, TN, VA: "Direct Mortgage, Corp."; AR, IN, MT, NC: "Direct Mortgage, Corp"; CA: "Direct Mortgage Wholesale Corp."; CO: "Direct Mortgage Corp dba Direct Mortgage Wholesale Corp"; FL: "Direct Mortgage Wholesale Corporation"; GA, NM, WY: "Direct Mortgage Corp."; IL: "Direct Mortgage Wholesale Corp"; OH: "Direct Mortgage Wholesale Corp (Direct Mortgage Corp.)"; TX: 1st Mortgages: "Direct Mortgage, Corp. dba Direct Loans Corp", 2nd Mortgages: "Direct Mortgage Corp dba Direct Loans Corp"; UT: "Direct Mortgage Corporation". Click for more licensing info.
You can view our NMLS consumer access page at
www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/9612

 
Sign Up Now!
 
 
Home | About Us | DirectWare® | Employment | Broker Signup | Licensing Info | Contact Us
2008 Direct Mortgage Corp., All rights Reserved. | Terms of Use | Privacy Policy