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#2228004 - 12/26/19 09:21 PM Denial Codes Missing
NE Wx Forecast - Frosty Offline
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NE Wx Forecast - Frosty
Joined: Mar 2011
Posts: 441
SE, Nebraska
The two digit codes that precede the Credit Report reasons (typically four).... are these codes required by Regulation to be disclosed? Ours produced by Laserpro have always done so, but the last one kicked out with no codes...just the reason. Now I'm being asked about it. Can't find anything on it anywhere. Before I go to Laserpro and ask "what gives?", I thought I would check with you folks.

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Lending Compliance
#2228006 - 12/26/19 09:44 PM Re: Denial Codes Missing NE Wx Forecast - Frosty
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,333
We use Laserpro. But we don't import the codes into the denial notices. Staff types the factors in manually. We do not require the codes to be entered....just the factors. Examiners have never cited this as incorrect.
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The more you sweat in training, the less you bleed in battle.......

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#2228007 - 12/26/19 09:47 PM Re: Denial Codes Missing NE Wx Forecast - Frosty
swiggles Offline
Power Poster
swiggles
Joined: Aug 2001
Posts: 7,333
I looked at the notices produced by our mortgage software.....where the factors and score information IS downloaded through the system to populate the fields in the AAN. The software DOES include the codes.
_________________________
The more you sweat in training, the less you bleed in battle.......

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