sometime later.
Step 3: No matter how efficient I am at Step 2, there are always going to be issues that pop up from the underwriting team. Maybe a piece of info isn’t clear, or a document went missing somehow. It happens, this is real life. My goal during this final step is to keep things moving toward the critical closing date. I work hard to swiftly resolve any underwriting conditions. I shepherd items between borrower and underwriters at a rapid clip. If the underwriter needs additional information, I mail, email, text, and call, to ensure that we don’t let a moment lag. At this point, we’ve done all the work we can to get to the 80-yard line. Don’t fumble or drop the ball here. There are 20 yards to yet cover. I stay in communication with the underwriters and the processors to guarantee that if they need anything else, I can jump on it right away—get on the phone, call the borrower, call the Realtor®, get it done; get that documentation needed sent over to the underwriter as quickly as possible to get the loan approved and get set to close.
GETTING AN APPRAISAL DIFFERS FR IFFERS FROM THE EVALUATION BY A PROPERTY INSPECTOR
A real estate appraiser is a state-licensed expert who determines the value of a certain property. When it comes to closing a financial transaction involving a property, both the seller and the buyer depend on his or her evaluation. This procedure is meant to protect the buyer — as well as the bank that offers the mortgage loan — from purchasing an overestimated and overpriced piece of real estate. Property appraisers aren’t the same as property inspectors. The difference between an appraiser and an inspector is that the former will look only for obvious issues, while the latter checks, in a more detailed
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