PHH Correspondent Lending

8.16 Detached PUD Insurance

Requirements for hazard insurance on a PUD are similar to those specified in above Section 15.
The homeowners’ association must maintain a property insurance policy, with premiums being paid as a common expense. The policy must cover...

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-16-Detached-PUD-Insurance

8.22 Appraisal

The appraisal obtained in connection with the origination of the Loan, as well as the appraiser who performed it, must meet all of the applicable requirements of this Guide and applicable laws and regulations. The Client must ensure that the value...

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-22-Appraisal

8.23 Loan Estimate

For closed-end credit transactions secured by real property (other than exempt transactions), the Client is required to provide the consumer an initial disclosure within three business days of receipt of application to enable understanding of basic...

8.24 Closing Disclosure

For applicable loans in which a Loan Estimate has been issued and the loan proceeds to closing, the Client must provide a final disclosure reflecting the actual terms of the transaction. This final disclosure is called the Closing Disclosure.

8.25 Initial Escrow Account Disclosure

The Client must use aggregate accounting in the calculation of the escrow/impound account. Escrow/impound accounts must be established for the payment of taxes, special assessments (only if taxing authority requires these to be paid with the...

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-25-Initial-Escrow-Account-Disclosure

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FAQ Search Results

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8.16 Detached PUD Insurance

8.22 Appraisal

8.23 Loan Estimate

8.24 Closing Disclosure

8.25 Initial Escrow Account Disclosure