Nope. No less than I have not ever been advised throughout the a situation where it took place. That cash are a good faith deposit. Provably can cost you money, I would personally put. The mortgage processor doesn’t work 100% free. The newest underwriter can not work for free. New escrow administrator does not work free of charge. The newest appraiser does not, the brand new label organization cannot. No body works best for free. Phone calls and you can copies and phrase processors to produce every one of your articles on the term commitment to the mortgage files. Certain files are the same for each and every mortgage and will end up being computer system made. Someone else, for instance the identity commitment, want human beings to enter practically that which you in it.
Lawfully, it absolutely was a reward for this lender doing the newest functions of the financing, that will set you back money
However, a deposit for over assessment and you will credit report isn’t really necessary.