What happens during the Review Board Meetings?
The members of the Board will review each residential mortgage loan denial to determine if an applicant was denied on the basis of the location of the property. The Board will also review each residential mortgage denial to ensure that it was not denied on an unreasonable basis. Based on the information presented, the Board will vote to either agree with the lender’s decision to deny the loan or will vote to recommend that the lender reconsider the loan request.
