I was the third lender they tried. …and, I got the loan closed.
How? …I know the USDA guidelines.
…and,
I knew under certain circumstances they will allow a person to buy
another home with a USDA loan – while still owning another home.
…and, I knew which underwriting center would say “yes” to this loan.
As
the lending industry continues to change, and most of the lending
becomes consolidated into the big banks you will get more people doing
your loans that are just hourly employees.
If
there is anything “out of the ordinary” on your loan, that doesn’t fit
into their “box”. …You will most likely get a decline.
This isn’t because they aren’t smart loan originators. Most likely they just won’t have any other options for you.
As we go forward into 2011 and years beyond it will be more and more difficult to find loan originators that…
1) Have a broad understanding of various loan product guidelines.
2) Have more than one option on where to place your loan.
If you are having any trouble with your loan, or you know someone who is – give me a call, or shoot me an email.
…The odds are I can help.
Thanks for reading! …and, have a great day!
Brett
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