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#646678 - 12/04/06 08:49 PM SSN confirmation
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
I have conducted a few loan closings recently (don't ask...part of my "what do you want to be when you grow up" phase) and have seen in a number of packages a form authorizing the lender to confirm the SSN provided with the Social Security Administration. This would not eliminate a need for an upfront process that gives you CIP info, but it sure is a way to know 100% what you have and possibly discourage those using fake ID.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#646912 - 12/05/06 01:36 PM Re: SSN confirmation Kathleen O. Blanchard
complianceman Offline
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complianceman
Joined: Mar 2005
Posts: 687
New Albany, IN
Kathleen,

What form are you talking about as I would like to use it if applicable.
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#647436 - 12/05/06 08:29 PM Re: SSN confirmation complianceman
banker58 Offline
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Joined: Aug 2006
Posts: 28
kaybee and complianceman,

I would definitely be interested in the form also, if applicable.

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#648302 - 12/07/06 12:32 AM Re: SSN confirmation banker58
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
I will get a copy and post back here.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#651270 - 12/13/06 01:10 PM Re: SSN confirmation Kathleen O. Blanchard
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Here is a link to SSA's own form. Lenders are creating their own versions of this, some with their logo, but this is the main info that is required.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#651439 - 12/13/06 04:18 PM Re: SSN confirmation Kathleen O. Blanchard
Happy Offline
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Happy
Joined: Jan 2002
Posts: 282
Kaybee, Do you know the turn around time on submitting the form?

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