HPML Baggage

Do you make high priced mortgage loans (HPMLs)? 

While that term seems to indicate they’re a bad thing, in reality they really aren’t.  HPMLs just carry a little more baggage than other types of loans you may make.  For instance, if you originate a first-lien HPML, you are required to escrow for taxes and insurance.  That’s just one of the several things you need to be aware of if you make an HPML. 

Find all your FREE Resources HERE!

Jerod explains the other things you need to consider in the video.

Be sure to JOIN US for our webinar, “Higher Priced & Higher Cost Mortgage Loans”. 

Published
2021/03/31

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