08/16/2004
If a lender takes only basic inquiry information so it can review a credit bureau report, and later takes an application for a mortgage loan, is the date of application the date we pulled the credit report, or the date we got the complete application?
08/01/2004
During the next six to ten months, the FACT Act provisions will continue to take effect.
05/17/2004
Do we have sufficient authorization to pull a credit report when we take a telephone application?
04/19/2004
If a loan application is withdrawn by the applicant, is it necessary that we send out an adverse action notice? Currently we have been sending out this notice stating "customer withdrew application" and marking the FCRA notice disclosure inapplicable.
03/01/2004
We all know that the Achilles heel of the compliance program is commercial lending.
02/16/2004
If I have a customer that applied for a loan and I declined it based on employment history and not the customer's credit, do I have to check the FCRA box if I pulled a credit report? Can the customer still receive a free copy of their credit report if I didn't decline them for derogatory credit?
01/05/2004
What is the best way to handle a customer dispute regarding information we have reported to the credit bureaus? Should we handle the dispute or refer the customer to the bureaus and work with them? Why?
01/01/2004
Congress has taken decisive action on the Fair Credit Reporting Act.
01/01/2004
We have been getting a lot of questions about whether different arrangements are permissible or violate RESPA. The world of mortgage lending has become incredibly creative.
01/01/2004
Over the past decade, there has been much discussion about credit scores, what they mean and how they are used.
