Quote from Jordan Maffuccio on February 19, 2025, 12:00 amI read the very helpful post under the FixNotes course named "Vendors - Orders" under the section "Due-diligence". Are there any restrictions or upfront requirements before an investor can make their initial credit report pulls. I know borrower data is usually pretty protected, so I'd definitely want to stay in compliance. If there are any restrictions / requirements covered in the course that I've missed which lesson would that be under? Thanks!
I read the very helpful post under the FixNotes course named "Vendors - Orders" under the section "Due-diligence". Are there any restrictions or upfront requirements before an investor can make their initial credit report pulls. I know borrower data is usually pretty protected, so I'd definitely want to stay in compliance. If there are any restrictions / requirements covered in the course that I've missed which lesson would that be under? Thanks!
Quote from Bill on February 19, 2025, 11:39 am@jordan
Yes. Every Vendor has their process and requirements before an investor can make their initial credit report pulls. Most Note Sellers will supply their Note Buyers with Credit Reports. You should never pull a Credit Report if you don't own the mortgage note. Only if you own the Mortgage Note. These Vendors have their own process and requirements, because like you said they need to stay compliant. Every Vendor is different. It's up to the investor to reach out to Vendors, and see what those processes and requirements are. Like I said, most Note Sellers will supply their Note Buyers with Credit Reports.
Yes. Every Vendor has their process and requirements before an investor can make their initial credit report pulls. Most Note Sellers will supply their Note Buyers with Credit Reports. You should never pull a Credit Report if you don't own the mortgage note. Only if you own the Mortgage Note. These Vendors have their own process and requirements, because like you said they need to stay compliant. Every Vendor is different. It's up to the investor to reach out to Vendors, and see what those processes and requirements are. Like I said, most Note Sellers will supply their Note Buyers with Credit Reports.
Quote from Jordan Maffuccio on February 24, 2025, 11:09 amThanks for your reply Bill.
Thanks for your reply Bill.