Business Disclosure
AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT
As required by Section 8 of RESPA (12 U.S.C. § 2607)
To: Kin Insurance Customers
From: Kin Insurance, Inc.
NOTICE OF AFFILIATED BUSINESS ARRANGEMENT
This is to give you notice that Kin Insurance, Inc. (“Kin Insurance”) has a business relationship with Kin Financing, LLC (“Kin Financing”). Kin Insurance owns 100% of Kin Financing, a mortgage broker. Because of this relationship, this referral may provide Kin Insurance a financial or other benefit.
Set forth below is the estimated charge or range of charges for the Kin Financing settlement services listed. You are NOT required to use the listed providers as a condition for the settlement of your loan or the purchase or refinance of the property listed above. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
|
Provider and Settlement Service |
Estimated Charge |
|
Kin Financing - Loan Origination Fees |
2% of the Loan Amount |
|
Kin Financing - Discount Points |
Decided by the Customer, Varies by Loan |
|
Kin Financing - Underwriting Fee |
$500 - $2,500* |
|
Kin Financing - Processing Fee |
$500 - $2,000* |
*Wholesale Lender Cost provided in the Closing Disclosure to the customer. Cost decided on by the Wholesale Lender, a partner of Kin.