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Will lenders consider your social media presence?

By Roy Kelley

Industry Observer with Retired

October 13, 2014 08:00 PM

Will lenders consider your social media presence?

A communication from a mortgage lender predicts that bankers and mortgage lenders will be looking at the social media presence of applicants as well as their spending and credit history. What shows on Facebook and Twitter accounts could help determine the stability of prospective borrowers.

Social media relationships with friends and family could impact the application. Those that appear to be unstable and those without a respectable social media presence would be at a disadvantage.

Time will tell if this prediction becomes reality but it is not a foreign concept since the success of job applicants may already be impacted by their social media presence.

Lewis Ginter Botanical Garden IMG 1103

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Roy Kelley

Retired - Gaithersburg, MD

Thanks for your feedback. It is always good to hear from you.

Oct 22, 2014 08:21 AM

1

Anna Hatridge

Farmington, MO

Tanya Van Blake-Coleman

Van Blake-Coleman Realty, St. Thomas/www.talk-to-Tanya.com - St Thomas, VI

Improving the Quality of Your Life

Interesting concept, however if social media is a factor I don't think that will be what the official reason for turning down or accepting an applicant or there could be legal ramifications as some posters have suggested. Good post Roy!

Oct 22, 2014 08:26 AM

3

Anna Hatridge

Farmington, MO
Lou Ludwig

Boca Raton, FL
Roy Kelley

Gaithersburg, MD

John DL Arendsen

CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments - Leucadia, CA

Crest Backyard Homes "ADU" dealer & RE Developer

Roy Kelley I can certainly see why you were awarded a feature on this one. Very concise, clearly stated and pertanent. Big Brother is definitely watching over its flock. Great post and definitely worth a repost. Now I really know why I've been following you.

Oct 25, 2014 10:32 AM

3

Anna Hatridge

Farmington, MO
Lou Ludwig

Boca Raton, FL
Roy Kelley

Gaithersburg, MD

Katerina Gasset

The Gasset Group & Get It Done For Me Virtual Services - Provo, UT

Amplify Your Real Estate & Life Dreams!

This may be happening already. But, of course, the lender would think of other excuses to turn down an applicant.

Oct 26, 2014 12:06 AM

4

Anna Hatridge

Farmington, MO
Lou Ludwig

Boca Raton, FL
Maria Morton

Kansas City, MO
Roy Kelley

Gaithersburg, MD

Roy Kelley

Retired - Gaithersburg, MD

It is always good to hear from you.

Have a most productive week.

Oct 26, 2014 02:12 AM

2

Roy Kelley

Gaithersburg, MD
Anna Hatridge

Farmington, MO

Winston Heverly

Coldwell Banker Access Realty - South Macon, GA

GRI, ABR, SFR, CDPE, CIAS, PA

Active Rain has done a great job in bringing out the best potential in all of their members blogs like this one.

Mar 24, 2015 07:54 AM

3

Lou Ludwig

Boca Raton, FL
Anna Hatridge

Farmington, MO
Roy Kelley

Gaithersburg, MD

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Roy

Will lenders consider social media presence . . . . the answer to that is a big YES. Actually social media is have a negative effect on many things in our social today and it will continue into the future.

Good luck and success.

Lou Ludwig

Apr 17, 2015 12:31 PM

2

Roy Kelley

Gaithersburg, MD
Anna Hatridge

Farmington, MO

Roy Kelley

Retired - Gaithersburg, MD

Thanks so much for stopping by. It is always good to hear from you.

Apr 18, 2015 12:00 AM

Roy Kelley

Retired - Gaithersburg, MD

Nick Thoroughman - Thoughtful consumers will take great care with their posts on social media sites.

May 09, 2015 09:35 AM

1

Roy Kelley

Gaithersburg, MD

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL

708.921.6331 - 40+ yrs experience

Roy Kelley ... just now read this post! Interesting! I'd never heard or seen this expressed anywhere regarding mortgages and mortgage approval before now. As a Lender, I wonder how in the world they can possibly implement this, given how careful we must be regarding stereotyping and showing prejudice of any kind. Like I said .. verrrry interesting ...

Gene

Jun 03, 2015 08:11 AM

2

Lou Ludwig

Boca Raton, FL
Roy Kelley

Gaithersburg, MD

Roy Kelley

Retired - Gaithersburg, MD

Thanks, Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com , for sharing your perspective on this issue.

Jun 03, 2015 09:30 AM

Inzopa Inc

Interesting...

Jun 24, 2015 10:47 AM

1

Roy Kelley

Gaithersburg, MD

Tina Comstock

La Rosa Realty - Jacksonville, FL

The schools and workplaces are looking at all these social media presence. I am not surprised if the banks and financial institutions will follow suit. What can we hide nowadays?

Aug 22, 2015 08:32 AM

1

Roy Kelley

Gaithersburg, MD

Roy Kelley

Retired - Gaithersburg, MD

Thanks so much for your comments. It is always good to hear from you.

Aug 22, 2015 08:36 AM

1

Tina Comstock

Jacksonville, FL

Roy Kelley

Retired - Gaithersburg, MD

Thank you very much for your comments. Have an outstanding week.

Aug 23, 2015 08:58 AM

1

Roy Kelley

Gaithersburg, MD

Roy Kelley

Retired - Gaithersburg, MD

I always hate to see photographs deleted from my blogs.

Aug 27, 2015 05:40 AM

1

Roy Kelley

Gaithersburg, MD

Vera Gonzalez

RE/MAX Suburban, Inc. - Sterling Heights, MI

Gonzo For Real Estate

Interesting take. You never know anymore, I am very careful to keep it light,

Oct 03, 2015 05:21 AM

1

Roy Kelley

Gaithersburg, MD

Roy Kelley

Retired - Gaithersburg, MD

Thank you very much for your comments. Have a great weekend.

Oct 03, 2015 05:26 AM

1

Roy Kelley

Gaithersburg, MD

Paul Viau

Nova Scotia Real Estate Blog - Halifax, NS

Nova Scotia Real Estate Blog + Photo Services

Interesting post! It would be very forward thinking if that s the case. Especially important for self Employed individuals.

Oct 13, 2015 01:38 AM

1

Roy Kelley

Gaithersburg, MD

Roy Kelley

Retired - Gaithersburg, MD

Thanks for your comments. It is good to hear from you.

Oct 13, 2015 01:47 AM

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