Favoring applications from selected sources

Answered by:

Question:

Would it be considered an issue if we “favor” the loan applications that are sent to us from one real estate agency over another if they just send us more of them?

Answer:

What would be the reason that a lender would “favor” one application over another? The quality of the application should only be based on the underwriting value, not on the source of the application or where it came from. If an examiner determined that a lender treated loan applications more favorably from one source over another one and both were not neutral, I would think you would be looking at a fair lending issue to start with.

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