Flood, earthquake, lead paint and country of origin. Can you imagine preparing a disclosure document covering where the paperwork for a loan was processed? Imagine if mortgages were “manufactured” in India. Would we disclose that the HUD-1 and the post-close documentation clean up were handled in India? Would we add a label that says, “This mortgage was assembled from foreign and domestic components” or simply, “Mortgage Made in India,” just like the labels that say “Made in China?”
by Brad Inman | Today 7:06 A.M.