One I've never run across and I'm struggling to find proof to support my hypothesis.
Mom / Dad / Son apply for a loan. Son is poor credit risk and declined based on credit history and dti ratio because he has no ongoing income. Mom and Dad continue through process and are heading to origination.
Is full application of Mom/Dad/Son reportable as denial, is son reported as denied, or since there's no "new" application (kind of following the path of a counter-offer being accepted), don't report anything about son and just report the anticipated origination for Mom & Dad?
Too early on a Monday for this.
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Born once? Die twice.
Born twice? DIE ONCE!
Loan Review, HMDA, ALLL
Opinions are my own and do not reflect any others