Compliance department

[Freddie Mac]

What does it mean when a loan has been pre-approved, valuation not needed, but now needs to go to the compliance department for full approval?

Is this just an internal formality and the loan will be approved?

 

[Peter_Tersteeg]

That's usually the final quality assurance checks before the loan is formally approved.

 

[Freddie Mac]

That's usually the final quality assurance checks before the loan is formally approved.

Great. Thanks Peter. I'll put the VB on ice until it's stamped!