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#2245256 - 11/07/20 12:16 AM Truist as Purchaser
Cielo Offline
Junior Member
Joined: Jun 2018
Posts: 45
Does anyone deal with Truist as an investor? If so, what purchaser code do you use for HMDA reporting?

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#2245259 - 11/07/20 02:01 PM Re: Truist as Purchaser Cielo
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
For HMDA reporting purposes, loans sold to Truist, may report a purchaser type code of (6): Commercial bank, savings bank, or savings association.

See Section 1.35 Page 25 in their Correspondent Seller Guide.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2245272 - 11/09/20 03:39 PM Re: Truist as Purchaser Cielo
Cielo Offline
Junior Member
Joined: Jun 2018
Posts: 45
Saved this in my files - thank you for the reference!

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