Brother or Sister
Parent or mother/father-in-law
Seller for borrower's purchase mortgage
Holds land contract for the borrower
Resides with the borrower
Has a business relationship with the borrower
Has a financial interest in the transaction
Has any other direct or indirect interest in the transaction as it relates to the borrower
Proceed with working on the file.
Contact [email protected] for assistance.
Ask a co-worker for their opinion.
If you are assigned a file where a conflict of interest exists, you should notify the individual who assigned it to you so it can be reassigned.
Loan officers and other employees interested in obtaining financing for themselves may submit their application to any licensed loan officer in the company. The loan officer must designate the file as an employee loan in the system.
Employees who have a family member applying for a mortgage may not be assigned the file, but may still be involved indirectly.
Loan officers are prohibited from directly or indirectly originating loans for themselves.