Answer:
If the conditional approval process was not re-evaluated already it should be examined now. The revised HMDA rule makes it clear that if any underwriting or creditworthiness conditions are outstanding, the final approval has not been made. Such an application would be reported as withdrawn if the applicant states that they do not wish to continue with the application process.
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Learn more about Kathleen Blanchard’s webinar Reporting HMDA Action Taken for Conditional Approvals
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