Thread Starter: Anonymous
Title: Re: Secondary Market and Denials
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Good morning!
Our bank sells mortgage loans on the secondary market. Our investors will not purchase TRID loans where the timing rules have been violated (eg. Early disclosures sent more than 3 business-days after a TRID application is received). We regularly have LOs that miss the required TRID dates. Yes, it's a training issue, but that's another story for another time. We've been denying these applications as not meeting the investor standards. Is this the best that we can do with these applications?
Thanks!
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