TRID Loan Estimate: Absorbed vs. Offset Costs

When it comes to itemizing charges on the Loan Estimate, the TRID Guidelines indicate there is a difference in how you disclose charges that are absorbed by the bank versus charges that are offset by the bank.  Your bank may even do both depending on the circumstances.  You will want to know the difference between “absorbed” and “offset” charges because some are not required to be disclosed on the Loan Estimate.

Jerod explains more in the video.

Ready to learn more?  JOIN US for the “TRID: How to Complete the Loan Estimate” webinar.  Featured topics include:

  • How to Complete the Loan Estimate Line-by-Line
  • Changed Circumstances
  • Dates, Times & Time Zones
  • Sales Price & Estimated Property Values
  • Shopping & Shopping Lists
  • Fees & Charges – What, Where, When, Why & How?
  • Calculating Cash to Close
  • Your Questions, Plain English Answers & Much More!


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