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#2259895 - 09/20/21 01:10 PM How to deny, or not?
Anonymous
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Applicant applies via POS for a refinance of a construction loan, but selects purchase rather than refinance. Secondary market and investors and VA both state this must be an application for refinance. LOS/POS will not allow the application and LE to me modified to refinance from purchase, this a new application must be started. Question is for, is the origami application then a denial or can be treated as a withdrawal?

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#2259900 - 09/20/21 01:29 PM Re: How to deny, or not? Anonymous
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 76,929
Galveston, TX
Not sure what POS means as that usually means point of sale. Unless you are using that to describe your on line application system - which might apply in more than one way smile This sounds totally like an internal issue. Modifying one field in an original application does not result in a withdrawal or a decline. You need to be visiting with your vendor. Other than that - you need to figure out how to just trail the original application to the new one if that is what is required.
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#2259913 - 09/20/21 02:35 PM Re: How to deny, or not? rlcarey
Adam Witmer Offline
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Originally Posted by rlcarey
Not sure what POS means as that usually means point of sale. Unless you are using that to describe your on line application system - which might apply in more than one way smile

Ha!

And I agree with Randy that this sounds like an internal issue with your workflow.
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#2259917 - 09/20/21 03:43 PM Re: How to deny, or not? Anonymous
Rocky P Offline
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Joined: Jun 2003
Posts: 7,200
Florida
Did you mean LOS as in Loan Origination System?
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