deals with payments from your escrow, which means less stressful financial management for you. Escrowing your property taxes & home insurance can take a burden off your plate & enable you to pay your taxes & home insurance easily, without even ever thinking about it.
MY 3-STEP PROCESS TO CLOSING LOANS
You might think after reading this book that getting a loan to close is exceptionally complicated. While it may seem that way, the competent loan officer has the knowledge and skills necessary to make a complicated procedure as simple as possible. In fact, I have made it so simple that it’s as easy as 1-2-3. Here are the three steps I take to get my loans to close...and close on time. Step 1: The first thing I do is review all the information at hand and put together a plan of action. I investigate the borrower and figure out what kinds of loan programs will likely be necessary to get them approved. Knowing that, I can then extrapolate what kinds of homes they will likely be qualified to purchase. From that, I compile a checklist of everything that has to be accomplished to get the borrower approved and closed under the loan program. I share this checklist with everyone necessary, so that we are all on the same page. Step 2: Next, I work with the borrower to get as much paperwork and documentation as possible to ensure the loan underwriting will go smoothly. It is far easier (and quicker!) to hand in a complete file right at the beginning, than it is to chase down information when the underwriting team sends out its requests. My goal is to give the underwriters a complete, well- documented loan package at this stage of the loan process, not
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