During Noah's purchase transaction, his lender reviews which fees could increase if no changed circumstance occurs. Which item is in the zero-tolerance category?
Correct Answer
C) The lender's underwriting fee for processing the loan
Fees paid to the lender, mortgage broker, or an affiliate for a required service are generally in the zero-tolerance bucket absent a valid changed circumstance. A lender underwriting fee therefore ordinarily cannot increase at closing if nothing justifies a revision.
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