Appraisal Orgs Call for Mandatory Fee Split
Effective 07/08/2024
Appraisal Organizations responded to the CFPB's RFI on "junk fees" in mortgage origination by calling on the CFPB to mandate the separate disclosure of fees paid to appraisers and those paid to AMCs on mortgage closing forms.
Summary
Appraisal Organizations responded to the CFPB's RFI on "junk fees" in mortgage origination by calling on the CFPB to mandate the separate disclosure of fees paid to appraisers and those paid to AMCs on mortgage closing forms.