Consumption and Real Estate
I think a Maryland mortgage lender broke confidentiality and violated my privacy.?
Question : I think a Maryland mortgage lender broke confidentiality and violated my privacy.?
I had a preliminary meeting with a lender and did not sign any papers with him and did not have a realtor at this point either. The lender was recommended by the realtor who was selling the house that I was interested in, but that realtor was not my realtor. So I told the lender all my income information and how much money I had in the bank etc. and he talked about different situations and then I left. Later I got a call from the realtor of the house I wanted to buy saying “I spoke with xyz and he said that in order for you to qualify your sister would need to get involved”. Did the lender have the right to give any information to anyone? What legal action can I take? Needless to say I did not choose that realtor, house, or lender.
maryland mortgage
Best answer:
Answer by glenn
Call your state’s Mortgage licensing organization. I would go to the state’s main web page and look around.
Complain to them and see what they say.
You could also spend money on a lawyer if you want.
“So I told the lender all my income information and how much money I had in the bank etc.”
There is something about your question that makes me think you are overreacting. If you meet with the guy and give him your information, that isn’t preliminary. And unless he ran your credit without your signature authorization, you don’t exactly have a very solid complaint.
I think that both the agent and the lender presumed you were working with that agent, and for that time period, you were, because the house and the lender were both sourced by the agent.
If you give a loan officer your personal information, and they tell the agent who referred you to them what it will take to get qualified, you are grasping at straws. It would have been better for them to have called you directly perhaps, but unless you specifically told them that you did not want the agent involved, they would not have any indication that they should not.
You can complain to the state banking department, but when they answer the investigation, they’ll make the complaint look petty and frivolous.