Posted By: hodea
How to Report Change in Loan Program - 07/04/21 08:51 PM
I have a loan that started initially as a VA purchase. The underwriter suspended the loan due to not enough eligibility. The borrower requested to change to a conventional loan. A revised LE/COC was prepared and the file was underwritten as a conventional and a conditional approval given. The borrower now wishes to withdraw and not continue with the file.
How would I report this for HMDA & Reg B? No formal counter offer was given or accepted, just the borrower request to change to conventional.
How would I report this for HMDA & Reg B? No formal counter offer was given or accepted, just the borrower request to change to conventional.