Rate Locks & the Loan Estimate
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A common question we get when it comes to completing the Loan Estimate relates to the rate lock section on page one. In this section, there are two different dates. The first pertains to the rate lock agreement. This date is pretty straightforward and most people don’t struggle with that one. But the second date is what often causes confusion.
Click on the video to listen to Jerod explain more.
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Published
2021/02/25
Jerod Moyer
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!