You may want to limit what information is requested in the POS so as to avoid triggering RESPA prematurely. You can handle this in a number of ways, but it is common to approach this as follows:
- Purchase transactions - Do not collect the subject property address.
- Refinance transactions - Do not collect the subject property value or estimated loan amount.
When configuring the POS, it is possible to customize the pages which are included or hidden. To do so:
See these steps performed below:
Note, currently, deselecting an item in the main list (fully left-aligned) will completely hide that page in the POS. So, for example, deselecting Income will completely hide the Income screen, and the borrower will not be prompted for either income or employer information.