Correspondent Lending Funding Fee Change—April 1, 2020
Subject: Funding Fee Change
Date: April 1, 2020
Attn: All Sellers
This announcement is to communicate a fee change for loans delivered to AIG/RML Correspondent Lending. We’ve done our best to minimize fee increases over the years; however in the normal course of business it is necessary to increase fees from time to time.
Effective for loans delivered on and after April 15, 2020, the new Funding Fee reflected on the Purchase Advice notification will be increased to $700 for both Conforming and Jumbo Mortgage Loans.
Should you have any questions related to this announcement, please reach out to Shane Larscheid.
We hope you’re all staying safe and healthy while navigating through these challenging times.