#1216426 - 07/13/09 03:53 PM
Re: Withdrawn loan applications
Anonymous
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10K Club
Joined: Aug 2002
Posts: 47,681
Bloomington, IN
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For HMDA purposes, the lender put on the denial that it was approved, not accepted. Not sure what you mean by "on the denial" but reporting it as an approved but not accepted is the correct way to report this. Compliance dept-head says we should not report this, but shred it! You need a new complinace dept-head!!
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The opinions expressed are mine and they are not to be taken as legal advice.
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