Aug 5 2008
The Top 10 Reasons Home Loans Get Denied In Underwriting
1. Home loans are getting harder than ever to try to close nowadays with all of the changes going on in the mortgage industry. During the refinance boom years of 2002-2007 everybody could get approved on some kind of loan for the most part. Even if you tried to get approved on a normal conventional [...]
Jul 1 2008
The Top 10 Reasons Employees Of Mortgage Companies Did Not Know What They Were Doing
1. Over the past 5 years or so people that worked at mortgage companies were making really good money doing their jobs that required very little skill. They were there to sell loans.
2. The goal of the mortgage company is to do loans, not to inform their clients if what they are doing is financially [...]