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#2041587 - 09/30/15 06:26 PM Should adverse action be sent?
pjs Offline
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pjs
Joined: Aug 2004
Posts: 10,319
oHiO
The loan officer took a loan application face to face. He told the applicant he would call him later that day. The loan officer pulled credit report etc. The loan applicant called the loan officer later that day and told him he didn't need the loan as such and such bank approved him. Is this a withdrawn loan OR should the loan officer send out the adverse action notice because he was going to deny the applicant but the guy called him and withdrew the loan request. Thanks.

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#2041595 - 09/30/15 06:35 PM Re: Should adverse action be sent? pjs
mtngrrl Offline
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mtngrrl
Joined: Mar 2011
Posts: 461
Northern California
If the applicant withdrew before the loan officer declined, then it's a withdraw. Document the call.
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#2041774 - 10/01/15 10:57 AM Re: Should adverse action be sent? mtngrrl
pjs Offline
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pjs
Joined: Aug 2004
Posts: 10,319
oHiO
Thank you!

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