Lender out of America carry out just throw out data files on the a consistent foundation
Previous situation management supervisor William Wilson alleged that, during bimonthly training called the blitz, case professionals and you may underwriters manage only reject people file with economic data files which were more than two months old. During the an effective blitz, one team would decline anywhere between 600 and you can 1,five-hundred modification files at a time, Wilson published. Personally, i analyzed countless records in which the personal computers indicated that the citizen got met an attempt Months Package and you may are permitted a permanent mortgage loan modification, but try nonetheless refused to own a permanent amendment during a blitz.
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