i have a loan officer who on a phone app, takes down enough information to pull a credit report - and turns the applicant down. The officer did ask for the GMI but did not ask for the loan amount requested.
i want to say, you have to collect all the hmda information over the phone before you turn the guy down.
is that correct - even if you don't need amt requested to run credit, you have to ask it?
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My views, not my employer's views.