| Author |
Message |
|
|
 ckirk1
Joined: 01 Sep 2008
Posts: 2
1.89 Dollars($)
|
 Posted: Mon Sep 01, 2008 6:38 pm Post subject: Is a mortgage lender/broker required to get a signed consent |
|
|
| Is a mortgage lender/broker required to get a signed consent form before pulling my credit prior to an application being taken |
|
|
CA Broker
Guest
|
| Posted: Mon Sep 01, 2008 9:05 pm Post subject: No |
|
|
| They are not. They may take your application over the phone and pull your credit with your verbal approval. Giving them all your information is giving them authorization to pull your credit. |
|
|
jameshogg
Joined: 20 Dec 2005
Posts: 5156
Location: nevada
644.02 Dollars($)
|
| Posted: Mon Sep 01, 2008 9:38 pm Post subject: RE: credit report pull |
|
|
Welcome ckirk,
I agree with the guest poster.
Pulling out a customer's credit report without authorization isn't illegal.
The only time you need to provide a written authorization is when your employer seeks to check your credit report.
Thanks |
|
|
worried
Guest
|
| Posted: Mon Sep 08, 2008 9:42 am Post subject: pulling credit without consent |
|
|
| I was working with a broker who the loan officer pulled my credit report & the loan officer no longer works for this broker & went to work for another broker is it legal for this loan officer to pull my credit report with the new broker without my consent? |
|
|
Jessica
Community Mentor
Joined: 08 Jun 2004
Posts: 819
Location: OHIO
210.39 Dollars($)
|
| Posted: Tue Sep 09, 2008 4:51 am Post subject: |
|
|
Hi guest,
If the loan officer is working with the new broker in order to process your loan, I think it's legal for him to pull your credit report.
Regards,
Jessica.
_________________
http://jessica.mortgagefit.com/ |
|
|
gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9749
Location: bloomfield, ct
35.02 Dollars($)
|
| Posted: Tue Sep 09, 2008 10:39 am Post subject: |
|
|
i'm in agreement with jessica. if your relationship is with the original lender and not the loan officer, you might want to contact that loan officer to advise him not to pull another report. otherwise, it makes sense for him to have done so.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
|
|
vegas_storms
Joined: 12 Sep 2008
Posts: 67
3.54 Dollars($)
|
| Posted: Fri Sep 12, 2008 8:38 pm Post subject: |
|
|
Pulling your credit without verbal or written permission is illegal.
The LO should have informed you he had moved to a different company and asked if you would like to have him complete your loan. If you said yes he would then need to pull another copy of your credit.
_________________
Top 100 Mortgage website www.mortgagebreakdown.com
Information given is an opinion, for true legal advice please consult an attorney. |
|
|
lisascherzer
Joined: 04 Jan 2008
Posts: 755
1.11 Dollars($)
|
| Posted: Tue Sep 16, 2008 12:00 am Post subject: |
|
|
Worried,
I agree with vegas_storms. THe new company is not allowed to pull your credit without your consent. When you gave consent originally it was to the old company. What the loan officer did is wrong and you could contact the state licensing agency and enter a complaint. Most states require loan officers to be licensed so that they can govern them. If you don't inform them of the wrong doing, they will never know and this could continue on with others.
_________________
Lisa Scherzer
Allpointe Mortgage
Expert Mortgage Broker
440-521-7060
Free
Mortgage Quotes
Get
Mortgage Information
Search
Real Estate Agents Here |
|
|
