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How is it that the bank departed from what the customer requested and combined the two requests into one? Did the customer agree to that change (applicants sometimes ask for a separate second-lien loan they can pay down and out sooner than the first-lien loan)?
Did the bank tell the applicant it would be able to make the first-lien loan for the combined amount, and the applicant agreed?
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8