How do you get an extension on your lock?
Any loan not purchased within 70 days will automatically receive a one-time only 30-day extension.
The cost of the extension is $375. The $375 extension fee is due whether or not loans are ultimately
delivered and/or purchased. The $375 will be netted by the Servicer when loans are purchased. The
extension fee will be netted by the Servicer when loans are purchased. If the loan is not purchased,
the originating lender will be billed for the extension fee.