St. Louis Real Estate - Mortgage Underwriting

St. Louis Real Estate – Mortgage Underwriting

So what’s the big deal about In House Underwriting?

Certainly you’ve heard the term “underwriting”. But does it mean anything to you other than a nameless, faceless, omnipotent force that determines the future of your loan?

Underwriters are real live people who assess your credit history, the probability and ability you present to repay your loan successfully, and the value of the property as a worthy collateral asset for the funds the lender will loan you.

When choosing a lender, a very important question to ask is: “Where are your Underwriters?” You see, most underwriters are miles and miles away in another city, working on loans that have no faces or real people attached to them. While they may be good at doing their job, they often just check off the list of what’s needed without even considering the human element because it’s just one of the many loans they have to move through the system.

In-house underwriters understand that you are a real person whose financial future and whose family’s peace of mind are at stake. Being just a few steps away from my actual desk, I often ask my in-house underwriters to assist me when working with my clients before even sending them the full loan package. This insures that if there are any challenges, those are addressed and managed at loan application, NOT the day before closing. They expertly and quickly answer not only my questions, but my clients’ and my Realtor partners’ questions also.

Having an in-house Underwriter allows your Mortgage Professional to be your champion in dealing with the uncertainties that the current lending climate can bring. It gives us direct access to the person who has the final say, which gives you extra peace of mind that when it’s got “final approval” on it, there’s not a shadow of a doubt. In-house underwriting equals NO HASSLES and ON TIME closings.

So…In House Underwriting…it’s a BIG DEAL!

Just ask Kathi S, who had this to say just this month about her loan process with us…

“I was blown away when I found out Aprille had gotten the loan approval back 10 days ahead of schedule, more than two whole weeks before closing. Thank you Aprille!”

Aprille@LoansByAprille.com
www.LoansByAprille.com

This entry was posted on Thursday, November 20th, 2008 at 11:24 am and is filed under First Time Home Buyer, For Buyers, Relocation Buyer. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.