Why do you charge for credit reports up-front?
December 23, 2009 by Rob Spring · Leave a Comment
Simply put: I don’t want the qualified/closed borrower’s to have to pay for the credit reports of the unqualified or not closed borrowers.
A Credit Report is required for a mortgage and has costs associated with it. Some lenders disclose the cost, other’s don’t – never the less it is a cost of doing business. I [...]