I was told by a mortgage loan officer that I had 10 calendar days to get my info to him once I started the loan process. If I did not have my info to him he could face federal fines. Is this accurate
State/Country relating to question: North Carolina
Hello and thank you for the opportunity to assist you. Please remember that there might be a delay between your follow up questions and my answers because I may be helping other customers or taking a break.I do not see how it could be. Unless he somehow falsified records or assumed something without proper documentation, you really are not in a time-crunch to provide said records to him. More likely, he is facing pressure from his employer to close the deal and is doing everything he can to get you to provide the records he needs to do so.I hope you found my answer helpful, and if so please do not forget to click ACCEPT. This is the only way for me to get credit for my work – I receive no credit for my time with you unless you actually press ACCEPT, even if you already have a subscription. If you need more information, please use the REPLY button and I’d be more than happy to answer to your satisfaction. There is no fee for follow up questions before or after accepting, if we continue the conversation. If you feel that I went an extra step to help you, a bonus in the form of another accept or an “add on” (available after you accept) is truly appreciated.
Qualified attorney in private practice including business, family, criminal, and real estate issues.
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