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Withdrawn/Denied Files – Secondary Market Loans

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  • #4015
    Anonymous
    Inactive

    Wondering what is expected of us in handling files for withdrawn or denied loans that are being decisioned by a correspondent bank in saleable loans (thus reportable on their LARs). These are loans that we do not consider on a counter-offer for a portfolio loan. Some of these files are rather large. We were imaging them, but generally don’t have to provide to any regulator for review.

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