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EVEN THE BEST LOAN APPLICATIONS

DESERVE A SECOND LOOK.

If your home loan application has been denied by another lender, or is dragging on without explanation, y‍‍‍ou owe it to yourself to get a second opinion.

In today's lending environment, many banks and credit unions have opted for a more conservative approach t‍‍‍o mortgage lending.  Lenders are free to exercise their own discretion and set internal limits on many facets of their underwriting standards, including such things such as debt-to-income limitations, loan-to-value limitations, credit score minimums, acceptable credit profiles, cash-out limitations, and more. These types of self-imposed underwriting limitations are known within the industry as 'overlays'.  In a certain sense, it's sort of like voluntarily driving your car at 40 mph in a 55 mph zone....it's perfectly legal, even if it's extremely conservative.  

UNDERWRITING STANDARDS AND LOAN PROGRAM VARIETY CAN DIFFER WIDELY FROM LENDER TO LENDER.

Even on supposedly "uniform" programs like conventional or FHA loans, lenders can differ greatly. Some lenders offer only Fannie Mae-style conventional conventional loans, while some only offer Freddie-Mac-style conventional loans.  Knowing which approach is better fit for the applicant's overall profile is just one example of how lenders can differ.  Some lenders even offer loan programs that are more flexible than a traditional home loan that allow these lenders to say "yes" when other say "no".    

AN EXPERIENCED LOAN ORIGINATOR CAN MAKE A BIG DIFFERENCE.

Just like doctors, lawyers, or any other profession, a mortgage loan originator's skill level and experience can vary dramatically, and can often be the deciding factor between an approved loan and a denied loan. Structuring a loan application for the best possible outcome takes attention to detail and a commitment to both analytical and creative thinking.  

WHAT WE CAN OFFER YOU

A sizeable portion of our pipeline comes from applicants who have been denied by another bank of credit union.  Very often, we find that had a certain issue about the application been spotted earlier in the process it could have been remedied, but unfortunately that doesn't always happen.  

 

If you need a second opinion we're here to help.  Contact us today.  

GET PRE-APPROVED TODAY

3 easy steps.  No cost/obligation