That doesn't make sense. You said all you had left to do was close the loan. Who gets the application and makes the credit decision? If it is you then you report, using the date of the initial application. If it is the other company, then they report
KC - I'm sorry I didn't speak plain and specific...it is totally my fault. We do receive these applications from a broker. We do underwrite the loan and make the credit decision, close the loan and retain it in house.
PJL - thank you for that I've read so much of that commentary that I guess it had not actually computed what it was saying. But now that you've posted it as such...makes perfect sense. We have been doing exactly like Truffle Royale has been doing, but some questions have been raised about it, so wanted to be certain we were correct.
Thanks so much everybody!