
Kelsey Wright
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Activity overview
Latest activity by Kelsey Wright-
Kelsey Wright created an article,
What is the New Hampshire LCHIP Fee?
When originating loans for properties located in the State of New Hampshire, buyers will incur a fee for the state's Land and Community Heritage Investment Program (LCHIP). From LCHIP’s website: ...
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Kelsey Wright created an article,
What is the Georgia Residential Mortgage Act Fee?
Per the Georgia Residential Mortgage Act (GRMA), on mortgage loans in the state of Georgia, there is a $10.00 fee (see Title 7, Chapter 1, ARTICLE 13 of the Financial Institutions Code of Georgia w...
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Kelsey Wright created an article,
Quoting "No Charge" Endorsements within LodeStar
For specific states and underwriters, certain endorsements have no fee or amount, which is commonly referred to as "No Charge" or "N/C" within rate manuals. In LodeStar's system, if an endorsement ...
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Kelsey Wright created an article,
Georgia Intangible/Transfer Tax Exemptions for VA and FHA Loans
For home loans in Georgia, exemptions exist for transfer taxes and intangible taxes on VA and FHA loans, among others. However, these exemptions apply only if the VA or FHA are entities purchasing ...
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Kelsey Wright created an article,
What is the Hawaii General Excise Tax (GET)?
Businesses in Hawaii are subject to General Excise Tax (GET) on their gross receipts, which is the total business income prior to any deductions. Most activities are taxed at 0.5%, 4%, or 4.5%, exc...
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Kelsey Wright created an article,
What is the Nassau County Tax Map Verification Fee?
In Nassau County, New York, the Tax Map Verification Fee is charged by the Assessor for each "tax map verification" letter. The verification letter is required for the section, block and lot inform...
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Kelsey Wright created an article,
Quoting Veteran Home Loan Appraisal Fees within LodeStar
How does LodeStar quote appraisal fees for VA loan types? Per the U.S. Department of Veterans Affairs, allowable fees for appraisal types are provided based on the supporting Regional Loan Center o...
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Kelsey Wright created an article,
ICE Encompass 23.1 Major Release Update
On March 18th, 2023, ICE released the 23.1 Major Release for their Encompass Loan Origination System. Within the release, there was an update to the 2015 Itemization Input Form within Section 1200,...
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Kelsey Wright created an article,
What is the Florida Intangible Tax?
The Florida Intangible Tax is a one-time nonrecurring tax imposed on obligations to pay money to the extent that the obligation is secured by a mortgage or lien on real property in Florida. This ta...
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Kelsey Wright created an article,
What is the North Carolina Commitment Fee?
Under N.C.G.S 24-1.1A(c)(1), transactions in North Carolina will include a commitment charge of $15 for an Owners Policy, a Lender's Policy or an Owner's Policy that includes one Lender's Policy (i...