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Can lenders use USExpress, INC to see if a current customer is shopping for a new loan?

April 26, 2017customer lenders loan shopping usexpress

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Can lenders use USExpress, INC to see if a current customer is shopping for a new loan?

1 Answer

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No, because information provided to lenders for the initial proposal process does not include the borrower’s name, so it does not reveal the borrower’s identity or his current lender.