Description
Learn how to process closed-end real estate-secured loan notices of errors (formerly called: qualified written requests (QWRs)) in compliance with RESPA, and Regulation X.
What You’ll Learn
After successfully completing the course, you will be able to:
- Learn the steps a servicer must take when responding to notices of error on mortgage loans in order to comply with RESPA requirements
- Identify the timeframes notices of error must be acknowledged and responded to and what specific information must be included
- Understand the borrower’s rights to receive documentation utilized during the investigation
- Identify additional restrictions when dealing with allegations of errors
