LO changed during processing

Posted By: RulesFollower

LO changed during processing - 04/06/12 05:14 PM

I have had a secondary market lender stip a closed file for an executed "Attestation" form signed by a VP or higher at the bank due to the fact that the registered LO changed from application to closing. Is this just "overkill" from the lender or is it regulatory?
Posted By: Dani York, CRCM

Re: LO changed during processing - 04/06/12 06:30 PM

the lender....this is not regulatory, but it could be one of those weird FNMA/FHA rules.