A data aggregator the bank uses is giving us outdated information, but I'm not sure what to do about it.
The bank where I'm a lender gets a bi-weekly paper (in the mail, yet) newsletter from a data aggregator in our county. It lists bankruptcies, court cases that have resulted in judgments, sales of real estate, and mortgages. All these things are public record, but it's nice to have them all listed in one place. We skim through it looking for the names of customers. We also check the mortgage section to see if our competitors are getting more customers than we are.
As I was skimming through the latest one, I saw a mortgage I recognized. But to my surprise, it wasn't a recent one. We funded the purchase of that home in May of 2018! So, naturally, I spot checked a few of the others. None of the sales were more recent than July of 2018.
This newsletter is giving us information that's more than a year out of date. It makes the information near worthless. I mentioned it to the new branch manager, but he didn't seem too disturbed by it. Granted, he was in between much more urgent things.
The bank pays about $100 a year for this newsletter. But if it doesn't have current information, what's the point? I might bring it up again later with the branch manager, but if he doesn't care, I don't see any reason to take it any farther than that, I guess.
The bank where I'm a lender gets a bi-weekly paper (in the mail, yet) newsletter from a data aggregator in our county. It lists bankruptcies, court cases that have resulted in judgments, sales of real estate, and mortgages. All these things are public record, but it's nice to have them all listed in one place. We skim through it looking for the names of customers. We also check the mortgage section to see if our competitors are getting more customers than we are.
As I was skimming through the latest one, I saw a mortgage I recognized. But to my surprise, it wasn't a recent one. We funded the purchase of that home in May of 2018! So, naturally, I spot checked a few of the others. None of the sales were more recent than July of 2018.
This newsletter is giving us information that's more than a year out of date. It makes the information near worthless. I mentioned it to the new branch manager, but he didn't seem too disturbed by it. Granted, he was in between much more urgent things.
The bank pays about $100 a year for this newsletter. But if it doesn't have current information, what's the point? I might bring it up again later with the branch manager, but if he doesn't care, I don't see any reason to take it any farther than that, I guess.
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