property: AGENTS- NEW BANK GUIDELINES THAT MAY KILL YOUR DEAL- BUT IT DOESN'T HAVE TO- KNOW HOW TO AVOID IT
- 02/26/08 07:42 AM
Most major banks have implemented a pre-funding audit for all borrowers refinancing or purchasing. What your borrower may not see as a big question could be a deal killer so beware. So far Washington Mutual, Indy Mac and most major banks have impletmented this process and expect it to be a standard policy throughout the industry.... · The Bank Representative will introduce themselves and tell the borrower they are calling from the Bank regarding the application that was submitted through _________ broker. They will explain that they are calling in an effort to protect the client from identity theft and fraud. They … (5 comments)
Most major banks have implemented a pre-funding audit for all borrowers refinancing or purchasing. What your borrower may not see as a big question could be a deal killer so beware. So far Washington Mutual, Indy Mac and most major banks have impletmented this process and expect it to be a standard policy throughout the industry....
;)
;)
