Is My Mortgage Broker Negligent For Not Knowing Lender’s Regulations And Preapproving My Credit?
If a mortgage broker ran credit and preapproved a buyer for a USDA loan based on credit and lender guidelines, and now he says the lender won’t give approval because of a collection that is on buyer’s credit, isn’t he negligent?? It is from 2004 and is claiming he didn’t see it on credit report when he approved the buyer!! Shouldn’t he be held accountable??
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