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01-29-2015, 02:50 PM #1
Reputation points: 2893
- Join Date
- Jan 2014
- Posts
- 283
UNDER 5 banks.....usually 2-3. Sometimes it can go up to 5, if the Merchant gets declined or we get a weak offer but usually it is 2-3 on the initial submission. I would honestly like to send it to 6-8 Lenders; let you guys compete for the business but I do not want to shotgun anything in the best interests of the client. That is why I would like to do the credit pull ourselves, so it is one-time and on time ONLY until an offer is accepted.
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