10.09.23   •   Document Updates

Document Updates: Remove Aggregate Adjustment from SC Broker Fee Agreement (Cx3525)

In order to have consistency throughout documents, we have made the following update to SC Broker Fee Agreement Cx3525:

    • Removed the Aggregate Adjustment amount from the table in step 2 of the Disclosure of Lender Payments to Broker

Previously, the Aggregate Adjustment (if any) displayed on the table that listed the itemization of points, fees, and commissions related to the mortgage. However, the adjustment was not part of the calculation used for number 3, Total Points, Fees and Commissions. The Aggregate Adjustment is not disclosed on the Loan Estimate. This change will add more consistency between the LE and the SC Broker Fee Agreement.

These changes are available for testing and will take effect on October 17, 2023. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.

DR-145864

The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.