Ian Moore - Senior Mortgage Advisor - THE HOME BUYER’S GUIDE

that everyone wants. To stay on track, the real estate agent has to call the seller and ask (beg) for an extension. Real estate agents know how challenging that can be. When I have loan conditions, I work to get them resolved ASAP as aggressively as possible. I reach out to the buyer and say, “I need this now. Can you send it to me today? Don’t send it to me next week. Don’t send it to me this weekend. Send it to me today.” Or, “Send it to me tonight when you get off work.” I try to submit a complete file in the beginning. I like to submit the file with everything necessary already collected, one where the underwriter looks through and says, “This is good to go,” and stamps the file “ approved ,” or sends minimal loan conditions back to the borrower. This starts a new file off on the right path, and is step 1 by the Lending Team to ensure a smooth, stress-free real estate transaction.

66

Powered by