I Have to Explain the $500 Deposit in MY Bank?? WHY??

It’s suffice to say that my clients do NOT like lender required document ‘scavenger hunts’ – let’s be honest, who really does? In today’s world of tighter credit standards, loan ‘buy-backs’, uber compliance and 100% audits (vs the good ol days of 10% audits) it’s critical that lenders underwrite your loan to the inth degree, […]

6 Steps to a Successful Mortgage Closing

In an attempt to not paint a grim picture…..I’m compelled to paint a grim picture. As forecasted in Real Estate Agent Beware! more and more ‘refinance boomer’ mortgage companies will move towards ‘purchase’ business to survive and, well, the domino of train wrecks will commence. It is because of this, my friend, that I felt led […]

What do you mean my home loan is STILL in underwriting?

If you’ve ever bought a home before then I’m sure you can relate with the poor, helpless automobile owner in the old 3 Best Guys Pep Boys commercial (see below). He drops his car off at the fix-it shop and each time he checks in on it the mechanic gives him the impression they’re ‘working […]