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Lender is asking me to change the Loan Application to qualify for an investor 30 days after closing

What is the Date I should put in the application after signing. I have changed jobs 20 ddays after closing. They had to reduce my income for some hundred of dollars to provide qualification for some Unreimbursed income.
  • January 03 2014 - Gaithersburg
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Answers (4)

I agree with Logan - always be honest, do this and you have no worries.

Also, "back dating" documents is a no no...don't do it.

It is also important to note that when you went to closing your almost certainly signed a document that states you will work with the lender, not against, should any issues arise after the loan has closed and funded.

So, help the lender get it done but not to the extent where fraud is committed (i.e. back dating).

And yes, it is legal and normal for this to happen from time to time.
  • January 16 2014
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Best advice is always to be honest by dating your documents accurately--the lender is one who is responsible for getting the document out and signed in a timely/compliant manner. 

They will be able to find some investor because the servicing rights are the most profitable part of the loan and unless they sell it they probably don't get paid! 
  • January 03 2014
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Profile picture for belaruse
Thanks for the reply. Is this normal and legal. The loan is closed. What could be any impact on me if they cannot find an investor.
  • January 03 2014
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ask them.    They are the ones who are having a hard time selling it to their investor, so they are the ones who will know what the date should be.
  • January 03 2014
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