In a recent development, VA-lender NewDay USA has come under scrutiny for providing error-ridden worksheets to borrowers in several states. A consent order reveals that the company’s faulty documents were distributed to borrowers in North Carolina, Maine, and Minnesota, raising concerns about the accuracy and reliability of their loan processing procedures.
Key points from the text include:
– NewDay USA facing scrutiny over providing erroneous worksheets to borrowers
– Errors found in documents distributed to borrowers in North Carolina, Maine, and Minnesota
– Consent order shines light on potential issues with company’s loan processing procedures
You can read this full article at: https://www.housingwire.com/articles/cfpb-orders-newday-usa-to-pay-2-25m-for-providing-misleading-costs-on-3000-v-a-cash-out-refis/(subscription required)
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