I have a reverse mortgage loan that was “prematurely” turned down by another lender while the borrower was in the process of obtaining new employment. Does the denial show up in the system (CAIVRS, etc.) and prevent the Borrower from being approved if it is resubmitted with your company? How long is a Case number in effect? I believe that the Borrower’s was generated in August 2017.
A denial does not show up on CAIVRS. On a forward loan a denial will be input into FHA Connection, but not on a reverse. There is no issue with applying with another lender after a denial elsewhere. The case number is only valid for six months from last activity. It is likely this case number is expired and a new one would need to be ordered.