jefeliciano

I am asked this many times as a Underwriter by my Brokers. If a loan is denied, is it a good idea to shop it? Just be careful. When I am looking at a loan and the documents seem dated or the credit report reflects inquiries by other lenders, I'm going to be a bit more careful. Not that I'm going to deny it myself because many times I have worked for Lenders with special products. If you have a good relationship with your Underwriter,call them. Give them the scenerio and see what they say. If you can't talk directly to them, their assistant is your next choice. I try to keep an open relationship with all my Brokers. And they know, I will try to make their deals work if I can. I guess being a Broker myself at one time helps. Have a great week. Close, Close, Close.

It appears that applications are slowing down. Could be time of year while many are getting ready for the Holidays. If I was in Sales , I would stir up some extra emails to your pipeline to encourage closings before rates go up. For new originations, there's no better time to refinance than now and with the New Home Buying tax incentive expiring after November, need to close new sales soon. Have a great week.

It's that time again this year to help raise funds for a cure. Let's do our part. Have a great day.