Lender Early Pay-off (EPO) Rules - Compass …

Compass Mortgage, Inc. Page 1/2 Lender Early Pay-off (EPO) RulesThe following table represents the amount of time that has to lapse after funding from thelender before the loan can be re-financed with them or anybody this window (funding to funding) will result Compass (and the MC) forfeitingall of the profit on the loan. In addition, Compass will have to pay back the base SRPover and above what we might have received as profit on the loan when doing re-finances on loans we sold, please be sure to mind this timeframe and donot re-finance a loan that we originated unless the closing date of the new loan is longerthan funding date of the first loan (not the close date) + the timeframe noted Payoff (EPO) RulesAuroraIf paid in full within three (3) months of Purchase Date,we reimburse Purchase Price in excess of par timesUnpaid Principal Balance as of Date of payment in full,net of prepayment charges will adjust the rate on the current loan for a docprep fee no commission on second loan but we keepclient of AmericaCastleCountrywide120 days funding to closing base SRP + premiumpricing billed back.

Compass Mortgage, Inc. Page 1/2 Lender Early Pay-off (EPO) Rules

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