This disclosure is provided to a borrower because they may have inquired about a lender-affiliated mortgage or escrow company. The lender also provides this disclosure to a borrower because they are required to disclose any affiliations they have with other companies. (i.e.: Title Companies, Finance Companies, and Escrow Companies) The lender is stating that any referrals that they may have given were only suggestions and that the borrower was free to choose any company that he / she desired. If the borrower did not choose one way or another, a lender usually chooses for him/her in order to process the loan.
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