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11-03-2015, 11:22 AM #1
Reputation points: 116
- Join Date
- Jun 2015
- Posts
- 11
Lender Requiring ISO Owner's Personal Credit Report
I understand that lenders need to have a full picture of who refers them deals. However, will someone help me understand why a lender would require the authority to pull the ISO owner's personal CREDIT Report? Background report I understand, but credit report?
The lender insists that they don't pull credit, but when I crossed the authority out on the application it was rejected.
No big deal as we were just trying to add an additional C-D funder to our portfolio.
Appreciate the education, thanks.
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