Effective for new locks taken on or after 5/1/2013, the fee and price structures for Correspondent Lending will be updated. Please review the following schedule of changes:
- Delegated Admin Fee: $250.00
- Non-Delegated Admin Fee: $695.00
- FHA Streamline: -0.25 price adjustment
- VA IRRRL: -0.25 price adjustment
- USDA Streamline: -0.25 price adjustment