04-19-2020, 05:53 PM
We got one as well in California. I don't think the disparity was purposeful so much as the banks were figuring it out as the program was opening. We deal with a bunch of community banks and all the loan officers were unsure of the details. Most of them were only doing business with existing customers.
A bigger bank with more automation to handle customers would be handicapped to a much larger extent.
A bigger bank with more automation to handle customers would be handicapped to a much larger extent.