This webpage has important industry forms that mortgage loan originators use during the course of a transaction.
This Real Estate Commission approved form is mandatory and is used to disclose to a client that a licensee holds both a mortgage loan originator AND a real estate broker license.
This form must be used for all transactions not under the authority of the TILA-RESPA Integrated Disclosure Rule and for which the applicable GFE, Hud-1 and Truth-in-Lending disclosures are used.
At the time of completing a loan application the mortgage loan originator must complete a Tangible Net Benefit Disclosure form with the borrower(s).
This mandatory agreement is entered into by the homeowner and the prospective mortgage loan originator prior to the mortgage loan originator negotiating a loan modification. The agreement discusses roles, responsibilities, legal rights by the homeowner and the overall review of the loan modification process.