During this seventh episode of Intelligent Equity, host Ryan Kiefer explains the difference between the ideal loan and the ideal loan file. Get a deeper understanding on what is involved in having the best chance for a mortgage loan to get processed.
Episode Highlights:
- Ryan Kiefer shares how critical the spring market is to real estate
- Make sure to have all paperwork in order for mortgage loans
- Why is the perfect loan file such a necessity?
- Why borrowers need to be aware of processing and underwriting
- The automated underwriting engines for government agencies
- Why the mortgage loan process is so rigorous
3 Key Points:
- It is not about having the perfect loan. It is about having the perfect loan file.
- The perfect loan pays back the lender and pays back the lender on time.
- Processors and underwriters gather all of a borrower’s documentation for loan approval
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