Fair Lending Worksheet - Second Review

BOL user Rocky Pizzarello a/k/a Southern Banker, knows the value of a second review. It isn't a rubber stamp on the first lender's decision, nor does it mean making an underwriting exception. It means offering the applicant the same opportunity to get the loan as everyone else. Sometimes there is an issue as lenders have different authorities and expertise.

The Second Review sheet is a guide to document that all considerations were given to the applicant. It should be completed by a loan or credit review officer with greater lending authority than who made the initial denial recommendation.