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#2016977 - 05/29/15 04:06 PM Investor Servicing
AuditLove Offline
New Poster
Joined: Jan 2015
Posts: 23
We are a bank that is servicing loans for some investors. One of our investors is requesting to hear some of the Collection calls we make for delinquent customers. The problem is that none of the loans in their pool are delinquent so we do not have any Collection calls for them to hear.

We understand they are probably doing this from a due diligence perspective under Vendor Risk Management. However, are we required to let them listen to the Collection calls of other customers that do not fall in their loan pools? We want to make sure we aren't crossing any privacy lines but want to help satisfy their goal if we can.

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Operations Compliance
#2017231 - 05/31/15 11:09 PM Re: Investor Servicing AuditLove
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Tell them when they have a delinquent loan, you would be glad to let them listen in.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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