Mortgage Loan Processor Virginia, Mortgage
Processor
We should say that "working
with us" is the first way! When you let us help
you find the loan that's right for you, you truly are
taking advantage of some of the area's best technology
and expertise to get you a loan decision and funding
on your loan quickly.
But here are five "other"
ways you can speed up the process of getting a mortgage
loan:
| 1. Have
everything ready and in one place.Elsewhere on our
website, you'll find a list of things you might
need in support of your mortgage application. If
you get them all together and keep them in a safe,
portable place like a special pouch or folder, you
can cut down on time spent rooting around for things
we may need. Also, you'll help cut down on your
own anxiety and confusion. |
2. Be honest and complete when you fill out your
application. "Fudging" your employment
or residence history or omitting open credit
accounts
you'd rather not have considered doesn't increase
your chances of getting a favorable loan. In
100
percent of cases, it makes it harder, and take
longer. |
3. Respond
promptly to requests for additional information.
During processing, we or the lender considering
your loan may need additional information. Provide
it as soon as you get the request, or return the
call as soon as you get the message. |
4. Be prepared to explain derogatory items in your
credit report. This is really part of number
2 above.
If you had an illness or a divorce where you missed
or made late payments, or you have other instances
of late payments or delinquencies on your credit
report, be prepared to explain them. Be honest,
and don't be nervous! The loan processor isn't
judging you, they're trying to fill in all the
blanks in
their paperwork. |
5. Let the
appraiser in! The appraisal is one of the lengthiest
parts of the mortgage loan process. Studies have
shown that the single biggest factor in appraisal
"lag time" is the appraiser's inability
to reach the homeowner to make an appointment. If
you're refinancing and the appraiser calls to make
an appointment, make it as soon as convenient for
both of you. |
And remember thatthe appraiser
doesn't want to buy your house. He or she will say what
the house is worth clean and tidy and in reasonable
repair, even if you have some dirty laundry on the laundry
room floor or dirty dishes in the sink. Cleaning doesn't
get you a higher appraisal! Letting the appraiser in
as soon as possible gets you a loan faster, though.
Start now.
Apply online for your fast
Mortgage
Loan Online with 1st Century Mortgage |
