MultiSource Loan Processing - The Key to Successful Closings
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Visit My Blog Link

Please visit my blog for all things pertaining to processing and closing your loan file:

multisourceprocessingblog.wordpress.com

Website Sheds Light on the Puzzling Features of Scores

There is a new resource for consumers to turn to when they are seeking information about how credit scores work.
 
The websitewww.creditscorequiz.orgis a joint project of the Consumer Federation of America and VantageScore Solutions Inc.
 
The online quiz is the outgrowth of a joint survey the two parties commissioned. Out of 22 questions asked to over 1,000 participants, the average score was 60%, with many people not knowing who makes credit scores available, what is a strong score and what is the financial cost of a poor score.

Top 8 Things Your Borrower Should Ask During Application

Knowing what questions to ask your lender during or before the loan application process is essential for making yourmortgage approvalprocess as smooth as possible.Many borrowers fail to ask the right questions during the mortgage pre-qualification process and end up getting frustrated or hurt because their expectations were not met.Here are the top eight questions and explanations to make sure you are fully prepared when taking your next mortgage loan application:
 
1. Whatdocumentswill I need to have on hand in order to receive a full mortgage approval?

New to Blogging and Subordination Turnarounds

Blogging is a new addition to our website.  We hope to include articles of interest to our brokers pertaining to the 'mortgage world'.
 
Today I called a Savings and Loan for information on subordinating a HELOC.  Turnaround time?  30-45 days!  If you have a subordination on your clients loan, let's get it moving so we don't find ourselves without the paperwork we need to close!
 
We handle all subordination requests for a low fee (see fee schedule on contract located on forms tab.) 
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Visit My Blog Link
Website Sheds Light on the Puzzling Features of Scores
Top 8 Things Your Borrower Should Ask During Application
New to Blogging and Subordination Turnarounds

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