This event is going to be a ton of fun and great opportunity for real estate agents to bombard lenders with questions.
Location Greater Kalamazoo Association of Realtors
Moderator: Jeremy Drobeck, Amerifirst Home Mortgage
Panelists:
Hear about underwriting concerns, tools & tips for credit integrated disclosures coming Aug. 1st, red flag items, and much more.
Did your mortgage lender suddenly go radio silent, request the same bank statement for the fourth time, or drop a last-minute loan denial right before your scheduled closing date?
Yesterday, a panicked real estate agent called my office from Portage. Their buyer had been under contract for three weeks on a home near Milwood. The closing date sat just nine days away.
Out of nowhere, the buyer’s out-of-state call-center lender issued a denial letter. The call-center underwriter miscalculated self-employment write-offs, panicked over an unpermitted porch repair on the appraisal, and threw the entire transaction into the trash can.