Psstt... Wanna Talk To A Mortgage Underwriter?
It is frustrating to a potential home buyer to get almost to closing, and have financing fall through. As a former Underwriter (The Wizard Of Oz), I'm going to share with you a few pitfalls.
Don't Let Your Home Loan get Denied
The Underwriter is someone you'll never talk to. They are not allowed to talk to you because they must be impartial and unmoved by emotion. Their job is to verify documentation presented matches all criteria needed to fund loans according to investor guidelines. It requires concentration and attention to detail to recall all the changing guidelines analyzing each loan quickly and accurately, sending loans to closing on time. Continue reading to see examples of how…