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OK, so the credit report is pulled to assist in performing
Posted by  Teresa/FL of FL on 10/3/15 4:02pm Msg #538791
the Financial Assessment and determine the borrower's willingness to live up to their credit obligations.

A loan officer at a reverse mortgage closing a couple of months ago mentioned this when discussing the borrower's requirement to continue to pay property taxes and insurance. I must have misunderstood the distinction between the credit report and the credit score.

My apologies if I confused anyone.
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Messages in this Thread
 Heads up.. Quicken reverse mortages - bfd110_IN on 10/2/15 7:45pm
 That's interesting news. What's a LESA? n/m -  MW/VA on 10/2/15 7:48pm
 Re: That - Brenda/FL on 10/2/15 8:01pm
 Re: That - bfd110_IN on 10/2/15 8:02pm
 Thanks. I have never seen that. I've only seen the usual -  MW/VA on 10/2/15 8:56pm
 Re: Thanks. I have never seen that. I - Shoshana/AZ on 10/3/15 12:26am
 It depends on the borrower's credit score -  Teresa/FL on 10/3/15 1:13am
 Please see Msg #538770 above - Bear900/CA on 10/3/15 2:30am
 OK, so the credit report is pulled to assist in performing -  Teresa/FL on 10/3/15 4:02pm



 
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