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. 

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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”. 


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