We have a local realtor who is requesting from our mortgage department a loan "mock up" of a property she has an interested (unknown to us) buyer for. She is requesting a worst case scenario including possilbe interest rate, APR, payment amount, loan amount, fees, etc. We do not have any info on the customer, so this does not take credit score or DTI into account, and therefore would only be based on possibles. Does anyone do this, and is it a good idea to do this in anyone's opinion? One of the problems I have with it is that if we give this to her in written (email) form, we don't know how she is going to represent the information to the customer.

we don't know how she is going to represent the information to the customer.

And that my friend is your biggest issue.

We have a local realtor who is requesting from our mortgage department a loan "mock up" of a property she has an interested (unknown to us) buyer for.

Local Realtors will ask for many things that will not be provided to them.

Agree - realtor could be trying to qualify the customer at worst case scenario because they may be marginal - but that is only a guess. They should have some idea of your UW guidelines but pricing always fluctuates on the market conditions.

Realtor could be using it to discourage the buyer from looking at property.

OP: Thanks to everyone. I agree with all of you. There is no controlling what happens to the info once it leaves our hands, which seems like it could lead to issues.

"She is requesting a worst case scenario"

That would be an adverse action notice !

Thanks - how do you get beer (I mean sprite ) out of a keyboard????

You need to warn us..............

I think you get the award for the funniest line of the day in the threads...

Different anon here: I know of some realtors who obtain these from their mortgage buddies at banks and display them at Open Houses. These sheets don't represent the worst-case scenario; they tend to represent the best-case scenario, and they're used as a selling tool. The bank puts their name on these. They include estimates for everything, and I mean everything. This practice makes many compliance officers cringe.

These are actually ads when used like this, subject to all advertising disclosures.