Why Your Loan Officer Matters
Other Trends - Loan Professionals, Underwriters and Appraiser... Or more commonly referred to "Why Your Loan Officer Matters" It used to be that you could just fill out an online app and if you had A+ credit the loan was a slam dunk. However, in today's market this is no longer the case. The world of finance now includes conversations with Underwriters and appraisers and many times your loan professional may not know exactly how to navigate that.
Let's start with Appraisers. They may seem benign enough but we previously wrote that they may be the most powerful persons in real estate. They determine the value and now many are becoming defacto inspectors. (You can read about the issues with values…