8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax
The loan officer may fit a client into appropriate loan amount, but the underwriter and processors could take too long. Also, clients often don't produce the documents in time allotted.
So, the responsibility stays with agents to monitor the process on both the clients' and the lender's side.
If we push everyone, we close on time. If we don't - we end up extending the closing or commitment date.
Hope this helps and best of luck,
Beachfront Realty, Inc.
One really great advantage that I offer is underwritten pre-approvals. After I initially review a pre-approval application and get automated underwriting results, I am able to submit the loan to underwriting, even before the buyer is under contract for a home, and the buyer will receive a real, conditional loan approval, which can be presented to sellers with all offers. This is a SOLID APPROVAL, and allows buyers and agents to shop with certainty.
Once an offer is accepted and escrow is opened, the initial approval is already completed! We just need the appraisal, title report, and any other conditions listed for review (3-4 days) before ordering loan documents.
Buyers can start their application online directly through this link: https://equitybuilders.startmyapplication.com/smaweb/index.jsp
Receive a copy of your credit report immediately after completing the application.
Please see my blog post for more info: http://www.trulia.com/blog/equity_builders/2013/09/how_stron