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Originally Posted by Tillys_mom  That's what we thought. Our agent asked for our loan officers business card and we didn't think anything about it and gave it to her for her use then today she told us that the sellers agent called. It made us uncomfortable that both agents are trying to get into our financial information, I think it's only our agents business. |
Just want to let you know that the agent may be speaking about other things with your loan officer than just your financial situation. In the last couple of months we've had situations were the property the borrower is purchasing has come under value once the appraisal has been done and at that time the loan officer may speak to the sellers agent or the seller agent may speak with the L.O. to see what happened that the property did not value and what can be done to remidy the situation. Other times if for some reason it would take longer to close a deal the LO I work with would call both agents to let them know about the situation. But a LO cannot go into specifics about ur financial situation with just anyone and by this I mean what is ur credit scores or what came up on ur credit like collections or things along those lines. But like I said before they just want to make sure that u are approved meaning they have checked ur credit and have determined how much u qualify for and are pre-approved with a lender. I know that in our office when we get a borrower we won't let the agent show them houses until they come to our office and we check their credit and all their financial documents and make sure that they will qualify and how much they can afford.
I hope this helps.
