Do mortgage lenders share information?
When you apply for a mortgage loan, your lender should provide you with a document stating exactly what it does with your personal information and if they share it with others. For instance, you lender has to provide your basic personal information to one of the three credit bureaus to receive your credit report.
How do I find out who my mortgage lender is?
To find the best mortgage lender, you need to shop around. Consider different options like your bank, local credit unions, online lenders and more. Ask each of them about rates, loan terms, down payment requirements, property insurance, closing cost and fees of all kinds, and compare these details on every offer.
Can you look up mortgages?
While you can find mortgage information on a property in any state, the department you need to contact may be different. Look for a county clerk’s office, office of public records or a public recorder’s office. The office has mortgage records dating all the way back to 1683.
Can my mortgage company see my bank account?
Yes, a mortgage lender will look at any depository accounts on your bank statements — including checking and savings — as well as any open lines of credit.
How do I find out who a lender is with someone else?
During your scheduled call, tell your real estate agent you’ve chosen to work with someone else and thank them for their time. They may ask if you’ve signed an exclusivity agreement with someone else. You don’t need to disclose any other information if you don’t want to.
What is the difference between a lender and a mortgage broker?
A lender is a financial institution that makes loans directly to you. A broker does not lend money. A broker finds a lender. Whether you use a broker or a lender, you should always shop around for the best loan terms and the lowest interest rates and fees.
How do I find my mortgage records online?
The mortgage records you need to access will be filed with the county the property resides in. You can either visit that county’s public records or clerk’s office in person, or check their website to see if a search can be conducted online.