We are seeing unexplained inquiries within the last 12 months of closing on our credit reports. Underwriting requires us to verify that any credit inquiries listed on the credit report did not result in a new credit account opened by the borrower. This verification needs to come from the lender. If we are unable to obtain verification from the lender who made the inquiry (or could not determine that a liability was dated fairly soon after that specific inquiry), we are considering pulling a new credit report prior to closing, if that inquiry was within 2 months of us pulling the initial creidt report.
Not sure if I explained this the best, but bottom line is - if we pulled a credit report in July for a loan application, do we have permissible purpose to pull another credit report in August for that same loan application?