4 Comments
User's avatar
Tajni's avatar

These are some of my least favorite requests - seriously, how in the world could I even ethically say yes to these kinds of questions?

Fred Stein, CPA EA's avatar

There is something within the fannie and freddie rules where it says if they don't get a comfort letter that the lender can use alternative methods to gather this information. Like due diligence. lol

Josh Youngblood, EA, CRETS's avatar

Totally with Fannie and Freddie but I think subprime lenders are more rigid in this area. (Not that it makes sense.)

Matthew J. Cordes, EA's avatar

Thinking about sending a request to the lender for a comfort letter stating that by them granting this loan it will not impede the client from paying my fee for the next 5 years.