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Updated over 5 years ago on . Most recent reply
#5 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
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Is a lender allowed to share my application activity with others?
#5 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
Hey BP,
I applied for a mortgage with a lender I've used before. He was recommended to me by a friend and realtor. We did not use said friend's realtor services for this transaction.
Friend contacted my dad because the lender told him I applied for a mortgage. I don't know what other information the lender disclosed. I am NOT happy; needless to say, I will not be using that lender's services again. Maybe I should have told him to keep my application activity confidential, but I didn't think I needed to. It's not my responsibility to babysit anyone and make sure they act like a professional.
Were the lender's activities simply unethical or did he actually violate a code or law?