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#1865608 - 10/28/13 05:52 PM Adverse Action Reason
Anonymous
Unregistered

This is the reason the lender wants on the AAN:
That "we are not interested in negotiating the current terms at this time”

I told him that we have to have a specific reason for denial.
This was for a customer to renegotiate rate of current loan with us.

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#1865612 - 10/28/13 06:02 PM Re: Adverse Action Reason Anonymous
manimal Offline
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manimal
Joined: Feb 2008
Posts: 2,207
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Are you asking for confirmation of your opinion? Not sure exactly what you are looking for.
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#1865620 - 10/28/13 06:08 PM Re: Adverse Action Reason Anonymous
Anonymous
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Yes, confirmation that I was correct in what I told them. Sorry for being unclear...

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#1865646 - 10/28/13 06:24 PM Re: Adverse Action Reason Anonymous
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Doesn't sound like you ever took an application if this is your standard response to anyone that wants to negotiate existing rates. However, that statement is not a reason, if not.
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#1865710 - 10/28/13 07:28 PM Re: Adverse Action Reason Anonymous
Anonymous
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Actually this was for a mortgage loan and they wanted to reduce their rate. They did complete an application for the request.

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#1865711 - 10/28/13 07:29 PM Re: Adverse Action Reason Anonymous
Anonymous
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And the loan was with us already for a few years.

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#1865723 - 10/28/13 07:40 PM Re: Adverse Action Reason Anonymous
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
The you owe them a AAN and the statement made by the loan officer is not a reason.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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