I worked with a mortgage lender about 5 months ago. They initially pulled my credit and I began looking for a home. The program I was using was no longer available so I stopped looking.
Now that my credit and finances were in better order, I contacted the lender last week to come in and do another initial consult, exploring different financing options. The lender pulled my credit without my approval.
While I understand the need for them to pull credit to better evaluate my situtation, they didn't have permission from me and in fact didn't need it for the specific state programs I'm looking at. All I wanted was to go over some numbers and calculations AND THEN if everything would work out with the GFE, move forward with the credit pull, etc.
Just FYI - the mortage programs I'm looking at are state sponsored and require a minimum of 620(which I know I have), the rate is 1/4 below market regardless of where your score falls, as long as it meets the minimum. Hence, no need for a credit pull until they had to verify for themselves my score was 620+.
Do I have any recourse? This must be in violation of the FCRA, right?
