Loan Amount

Have a file we closed/denied due to imcompleteness. Home equity loan for home improvements. Original request was for $35K, but then later stated MIGHT need $60K...and that was the last we ever heard from the borrower. Should I report the 35 or 60? I am leaning towards 60, but not sure since that wasn't a definite (could have been more, could have been less).

Did you amend the application to $60k or no? I just don't think you can leave it at "might"--you either amended it to $60k or you left it alone.

On the physical paper app, the 1003, we marked out the original $35,000 and wrote "unknown." On our presentation, the loan amount is "unknown," except for in our comments section; which is where it talks about the potential $60,000.

Then i would go back to the $35,000--you can't report "unknown" and $35,000 is the only hard figure you ever used, evidently.