After closing, a mortgage loan originator (MLO) believes that a borrower has engaged in suspicious activity during the mortgage application process. The MLO files a Suspicious Activity Report (SAR). The MLO is permitted to discuss the SAR with:

The MLO is not permitted to discuss the SAR with the borrower due to confidentiality and legal restrictions. Sharing this information could jeopardize investigations and violate privacy laws. The borrower is not entitled to know about the SAR, as it could unduly influence their actions or responses.

While the loan processor plays a critical role in the mortgage process, they are not authorized to discuss the SAR. The loan processor does not have the necessary compliance training to handle such reports, and sharing the information could lead to breaches of confidentiality and regulatory issues.

The escrow officer, while involved in the transaction, is not authorized to discuss the SAR. Like the loan processor, they lack the necessary compliance training and legal authority to handle sensitive information relating to potentially suspicious activities. Sharing details of the SAR with them could compromise the investigative process.