We have one of our construction lending officers who wants to use the merge credit report that the customer brought in from another bank. The customer does not want another inquiry going through that might affect their personal credit score as the loans with us are for their construciton business and not a mortgage it could affect their credit score.

Has anyone else here ever allowed this at their institution?

Our lending policy wouldn't allow us to use a report that the customer brought us.

1. It would possibly make the original bank a credit reporting agency, since this is not a combined transaction among the lenders.

2. With today's technology - what would you like my credit score to be and I can produce you are credit report for any number you choose??

rlcarey,

That was my exact response to the officer when I was asked.

Thanks to all that responded.