Preapprovals vs Prequalifications

If you’re a HMDA bank, you need to be aware of the differences between a preapproval and a prequalification.  While your bank might use the terms interchangeably, they are completely different animals.  It’s important you understand the regulatory differences so you don’t end up in hot water with your examiners!

David explains more in the video.

Published
2021/05/28

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