In the pre-approval process, the same information requested
by the loan officer during a pre-qualification is requested but with verification this time.
The CFPB stated that higher interest rates on loans closed
by the loan officer during the quarter resulted in a higher quarterly bonus for that loan officer.
Not exact matches
If you have any questions that the closing agent can't answer
during the closing, ask them to contact your Mortgage
Loan Officer by phone and we'll get you the answers you need - before the closing is over.
In separate prosecutions
by federal attorneys in Philadelphia and Wilmington, Wilmington Trust
loan officers have been convicted and imprisoned for accepting bribes for making improper
loans during the bank's last years.