Category Archives: Credit Education

Beware The 11th-Hour Credit Report Repull

In the new Loan Quality Initiative environment, Fannie Mae wants lenders to verify that an applicant’s credit profile did not change while the loan was in underwriting.¬†¬†Lenders will have to do a soft credit pull within 72 hours of closing. ¬† Lenders will look for evidence of any of the following events occurring while the […]