Chase (maybe others) does not record their HELOC modifications when reducing their credit lines. Example: You have a 100K first mortgage and a HELOC w Chase with a credit limit of 150K and 50K balance. You refinance the first as a cash out for 150K to pay off the HELOC balance and have Chase subordinate the second and reduce the credit line by 50K to keep the CLTV the same as before. Chase agrees to reduce the line but because they do not record the loan modification your customer will need to pay stamps on what Montgomery county assumes is 50K in new money. This doesn’t happen very often but if it does you could be paying additional fees as a result of the refinance. And not find out until the end. Clients know this could happen. Loan officers be prepared to possibly pay the difference according to the GFE rules now in place. You gotta love that “New” GFE. Next they’re gonna fix our health care system???