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#2198674 - 11/19/18 07:36 PM DU Findings
larmanini Offline
Junior Member
Joined: May 2018
Posts: 30
Hello,

I have been asked if there is any legal ramifications in giving the borrower a copy of the DU findings. Is this an issue?

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#2198722 - 11/20/18 01:06 PM Re: DU Findings larmanini
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,402
If you can give a little more information, you might get a better answer.

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#2198744 - 11/20/18 03:22 PM Re: DU Findings larmanini
larmanini Offline
Junior Member
Joined: May 2018
Posts: 30
We have a borrower is who requesting a copy the Automated underwriting results aka DU.

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#2198752 - 11/20/18 03:50 PM Re: DU Findings larmanini
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,402
I would never provide a customer with an internal document, the loan was underwritten according to your bank's Loan Policy. You would be opening up a can of issues. The borrower should be provided a promissory note when they were approved or an Adverse Action Notice when the loan request was denied.

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#2198767 - 11/20/18 04:49 PM Re: DU Findings larmanini
larmanini Offline
Junior Member
Joined: May 2018
Posts: 30
I get that but is there any legal reason why we should not provide a copy of the DU?

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#2198953 - 11/23/18 07:35 PM Re: DU Findings larmanini
bcompliance Offline
Diamond Poster
Joined: Sep 2014
Posts: 1,245
You'd need to ask a lawyer that question. What is the purpose of giving it to them?
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