Mortgage Company Denial Letter

Question

Is there a way to verify a denial letter from a mortgage company? I reached out to the lenders compliance department and all they did was put me in touch with the loan officer on the file. We would like some kind of proof showing a credit drop or DTI issues.

JD Adamson · Accepted Answer

If you have received a denial letter from a mortgage company, you can verify the information in the letter by contacting the mortgage company directly. You can ask for the specific reasons for the denial, as well as any steps you can take to improve your chances of being approved for a mortgage in the future.

You may also want to consider getting a copy of your credit report to see if there are any errors or discrepancies that may have contributed to the denial. You can request a copy of your credit report from the three major credit bureaus: Equifax, Experian, and TransUnion.

If you believe that you have been unfairly denied a mortgage, you may want to consider seeking the assistance of a housing counselor or attorney. They can review the circumstances of your denial and advise you on any steps you can take to improve your chances of being approved for a mortgage in the future.

Tracie Benton

Recommended for outstanding service

Enjoy all Benefits of HAR.com

Get the Top Real Estate App

Tracie Benton

Recommended for outstanding service