In Canton Ohio, we pull our own credit report and our responsible for sending out the Adverse Action Notice and information on how the client can receive a free copy of their credit report from the reporting agency. Our bank does not pull a credit report of any kind. Their underwriting unit has our program listed as a special product and they by pass the normal underwriting requirements. We sign a guaranty form for each loan closed therefore they do not feel an obligation to pull the credit as well. The bank does however report to the credit reporting agency the payment record.
Robin S -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Karen jackson Sent: Monday, April 19, 2004 1:10 PM To: [EMAIL PROTECTED] Subject: [WTW] Hello, does anyone have their banking partners pull their credit reports? If they do are they requir Hello, does anyone have their banking partners pull their credit reports? If they do are they required to send out a denial notice to the applicant?
