2007-09-09 04:52:42 · 11 answers · asked by pas l 1 in Business & Finance ➔ Renting & Real Estate
depends on the mortgage lender. MOST lenders do not allow the loan officer to send a copy of the credit report....like lendingtree, bofa, etc. Most mortgage lenders do not want to be titled credit report agencies. This is why they will seldom provide the credit report AT CLOSING.
P.S. Most brokers pay for your credit report, and dont like to release it w/out you paying them first.
2007-09-09 09:11:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It may be a company policy that the broker not give you a copy of the report. There is no lending or banking regulations that prohibit you from receiving a copy of your report.
Maybe get a new lender.
If you are interested, try http://www.annualcreditreport.com - no pressure to buy stuff you don't need like free credit report's website will shove down your throat.
2007-09-09 07:33:20 · answer #2 · answered by godged 7 · 0⤊ 0⤋
Yes it's true. When you sign up to be able to run credit reports they make the company sign a statement that they will not share the information with anyone including the person the report is about. It not a law it is a agreement with the credit agency. If they find out you do they will stop your access to the agency and will not be able to pull reports. As usual most people don't know what they are talking about here.
2007-09-09 13:47:20 · answer #3 · answered by Leo F 4 · 0⤊ 0⤋
Nope. That nutty rule was done away with by credit reporting agencies YEARS ago. It used to be part of their contract that they could not give a copy to a third party (which believe it or not, is you), but that was removed a long time ago.
He obviously doesn't stay updated, so I would find someone else to do business with. He just doesn't want you to know that he is probably handling you a line of BS...which is a common scam to make you think that your credit is worse than it really is.
Find another broker.
2007-09-09 06:08:27 · answer #4 · answered by Expert8675309 7 · 1⤊ 0⤋
i was told they are not allowed because thats how the credit report people make their money, from people paying for a copy of their own report. although last i knew, everyone gets one free one a year. not sure if that changed
2007-09-09 05:01:10 · answer #5 · answered by j dddddd 3 · 0⤊ 0⤋
the suggestions pronounced interior the 1st reaction does not handle your question, and actual this is my understanding that your broking provider isn't meant to offer you a replica of the checklist. yet many brokers and bankers will do so as a courtesy, and you certainly can tell the broking provider that if he's unwilling to cooperate which you will take your organization someplace else.
2016-10-18 10:30:59 · answer #6 · answered by ? 4 · 0⤊ 0⤋
I'm pretty sure my broker gave me a copy of mine when I refinanced.
Maybe it's just his policy.
2007-09-09 04:58:38 · answer #7 · answered by bdancer222 7 · 0⤊ 0⤋
yes he is allowed...this way you can see the report and decide what accounts may need to be paid off or see what accounts may be delinquent ...you need to see what creditors are reporting you, or what my be hurting your credit score. He IS allowed!
2007-09-09 05:03:19 · answer #8 · answered by Anonymous · 1⤊ 0⤋
He is "allowed" --that liar. You are entitled to a copy any time they pull your report, after all, its your information. Tell him you'll take your business elsewhere if he won't fork it over!
2007-09-09 05:02:24 · answer #9 · answered by ♥Sweet♥ 4 · 0⤊ 1⤋
We were told that also when we bought our house. That was just a year ago. We live in Oregon. Im not sure if its according to which state you live in or not. It didnt make sense to us either.
2007-09-09 04:57:18 · answer #10 · answered by Anonymous · 0⤊ 1⤋