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edunn
116 Posts |
 Posted - 06/12/2008 : 12:48:42 PM
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Here lately, I am noticing that when I try to tkae a loan app, the borrowers are lying to me. Mostly about value, but also- oh-heavens no, no lates in the past year...- and so what do you think mortgage lates are?
Is anyone else encountering the lying on a larger scale?
I am at the point to where, uless i get the comp checks back from my appraiser, i won't even pull credit... |
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Carpet Muncher
1385 Posts |
Posted - 06/12/2008 : 12:53:07 PM
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In regards to value...
What you perceive to be a lie about value is actually the borrower having no clue as to what their home is actually worth. It isn't a lie, they just don't know any better. That is why we have appraisals. |
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edunn
116 Posts |
Posted - 06/12/2008 : 12:55:22 PM
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Happy Birthday!
Sorry, can't send anything to Paypal...
Some know, some don't. It's the ones that know and still try that drvie me nuts...
quote:
Originally posted by Carpet Muncher
In regards to value...
What you perceive to be a lie about value is actually the borrower having no clue as to what their home is actually worth. It isn't a lie, they just don't know any better. That is why we have appraisals.
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