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#1904924 - 03/13/14 02:54 PM Counter Offer - Loan Amt
Luz Offline
Junior Member
Joined: Sep 2011
Posts: 47
I have a file that was denied for unverifiable information. The loan amount was originally $300K but a counter offer was accepted at $250K. The loan was eventually denied due to not receiving credit conditions from the borrower. Do we use the original loan amount or the counter offer that they accepted?

Thank you for your assistance in advance.

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#1904941 - 03/13/14 03:08 PM Re: Counter Offer - Loan Amt Luz
raitchjay Online
Power Poster
Joined: Oct 2009
Posts: 9,110
OK
Original amount. If the counter offer had truly been 'accepted', you'd be looking at a consummated loan.
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