Have You Had A Loan Declined?

Sometimes loans are declined merely because the loan officer didn’t know enough about the applicant’s situation.  In order to best work on the application, the loan officer should ask detailed questions.  It is important to have the accurate picture put together once the file goes to the underwriter for review.  Ideally the loan will be approved, not declined, nor suspended.

Quirky loan situations do arise, using a good loan officer is best bet to get the loan CLOSED!

There are endless situations that come up that just don’t fit into the standard underwriting grid.  It takes a good loan officer to delve into the details and figure out the best way to approach the situation.

Good Loan Officers Can Be Hard To Find

Even with the correction in the marketplace, where many loan officers have left the industry, there are still some loan officers that are better than others.  If you have a situation where you have been turned down, don’t give up, give me a call.  If there is a way to make the loan work, a great loan officer will find it.

Keep in mind, that many times the right questions are not asked by the first lender who may be working on the loan approval.  If you find yourself in the situation where you have been turned down for a loan, the easiest way to find out if it is possible is to speak with another loan officer…

A good one of course.