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 PHH Mortgage, Mt. Laurel, NJ
Did you know that we have scenario underwriters for reviewing our files during the application process? That's right. If we don't get an automatic pre-approval when we submit our files for pre-approval, we quickly send them to scenario underwriters to have them reviewed so you can get a quick answer on their pre-approval status.
These scenario underwriters review the file for self-employment income, verification of things like letters of explanations for credit issues, divorce payment obligations, state adoption assistance programs, citizenship paperwork, right-of-way grants, property type issues and other compensating factors and if they pre-approve them, or if we get an automatic pre-approval, we'll send you closing conditions up-front! These things I just mentioned were things that I reviewed with underwriters just over the last couple of weeks!
So, if you have a new buyer or one that says they are already pre-approved, why not call me so we can make sure your deal is going to close? If we pre-approve them, the only things that will prevent your transaction from closing will be if we cannot verify everything we entered, if something changed or if there are issues with the property.
In other words, you do not have to wait for underwriters to review the file 3 weeks into the transaction after you have been working with buyers on a deal that might have some issues that might prevent the loan from closing all together.
Call me on your next transaction, even if they already have a lender!
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Sam Thompson, PHH Mortgage - 843-230-7929
Senior Advisor - Helping you GROW your business!
www.activerain.com./luckydog1 - SC
www.activerain.com/luckydog2 - NC
http://samthompson.phhmortgage.com/
