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#2063481 - 02/10/16 03:49 PM Correspondence Loans
swthomeala Offline
Junior Member
Joined: Oct 2005
Posts: 39
The regulation does not have specific language on preapprovals for correspondence loans. We code ours [3] N/A on preapprovals. Can anyone shed light on when and if it should be something other than [3]?

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#2063516 - 02/10/16 04:48 PM Re: Correspondence Loans swthomeala
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
If your institution does not have a preapproval program, that would be the correct code. Otherwise, I am unsure what the question is.
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy

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