Mortgage Quick answers

Mortgage Quick answers

WHO ARE THE KEY PEOPLE IN A TYPICAL LOAN APPROVAL PROCESS

WHO ARE THE KEY PEOPLE IN A TYPICAL LOAN APPROVAL PROCESS WHO ARE THE KEY PEOPLE IN A TYPICAL LOAN APPROVAL PROCESS? The key people are the loan officer, loan processor, loan underwriter, inspector, appraiser, closer, and settlement agent. TELL ME MORE  Loan Officer. This is the person who helps you complete the mortgage application …

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IF AN AUTOMATED UNDERWRITING SYSTEM APPROVES ME, DOES THAT MEAN I GET THE LOAN

IF AN AUTOMATED UNDERWRITING SYSTEM APPROVES ME, DOES THAT MEAN I GET THE LOAN IF AN AUTOMATED UNDERWRITING SYSTEM APPROVES ME, DOES THAT MEAN I GET THE LOAN? Not yet. There is still an appraisal to be ordered, an inspection to be performed, a title to be searched, and a review to be done of …

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WHAT ARE AUTOMATED UNDERWRITING SYSTEMS

WHAT ARE AUTOMATED UNDERWRITING SYSTEMS WHAT ARE AUTOMATED UNDERWRITING SYSTEMS? Your loan application is entered into a specialized software program that evaluates your entire application, and within a matter of moments your approval is issued. Sound easy? It is, but that doesn’t mean you don’t have to provide any documentation. You do, but only what …

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