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Home » Store » Taxable » RESPA Decision Could Deter Outsourcing

RESPA Decision Could Deter Outsourcing

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Taxable

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Despite a victory on the issue of automated underwriting fees, industry leaders are increasingly concerned that a recent decision by a federal appeals court could have a negative impact on the ability of lenders to outsource settlement services such as document preparation. In a split decision, the Second Circuit Court of Appeals held that the standard fees charged by most lenders for automated underwriting are not excessive under the Real Estate Settlement Procedures Act, but the…
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