Loan Approval
Loan Approval means that the borrower meets the lender's qualification requirements and also its underwriting requirements. In some cases, especially where approval is provided quickly as with automat
http://www.brokeroutpost.com/reference/24246.htm (Updated: 06/27/2007)
Related Reference Topics: [qualify, underwriting, verification]

How do I make sure nothing will go wrong with loan
The best way to be sure nothing will go wrong with your loan application is to submit all the documentation the lender requires as soon as possible.
http://www.brokeroutpost.com/reference/32345.htm (Updated: 06/25/2007)
Related Reference Topics: [loan application, loan approval, lender]

What is Alternative Documentation
Alternative Documentation is xpedited and simpler documentation requirements designed to speed up the loan approval process. Instead of verifying employment with the applicant's employer and bank dep
http://www.brokeroutpost.com/reference/17636.htm (Updated: 05/23/2007)

Online Mortgage
Not too long ago, the phrase "getting a mortgage" painted a picture of our parents driving to a local credit union with a shoe box full of income documents, and would be interviewed by a loan officer
http://www.brokeroutpost.com/reference/30716.htm (Updated: 04/12/2007)

Apply for a mortgage
Applying for a mortgage can be done as easy as 1, 2, 3. Mortgage application can be done in person, over the phone, online, or through email or fax. When you are applying for a mortgage be as truthful
http://www.brokeroutpost.com/reference/53329.htm (Updated: 04/02/2007)
Related Reference Topics: [mortgage app, mortgage application, loan approval]

What are compensating factors?
Compensating factors are strengths on a loan application, that will help the underwriter approve your loan, while overlooking any negative factors. These compensating factors often times result in th
http://www.brokeroutpost.com/reference/26096.htm (Updated: 03/03/2007)
Related Reference Topics: [compensating factors, loan approval]

Initial Meeting With a Mortgage Professional
The loan approval process generally begins with an initial interview where you and a mortgage professional discuss the potential loan. You will need to send information to us to verify your income and
http://www.brokeroutpost.com/reference/25144.htm (Updated: 06/14/2006)

Banks - vs - Mortgage Brokers
Mortgage brokers do not lend money. Most of them are firms providing services rather than loans. The lender is the one who provides the money to the borrower at the closing table. The lender also mak
http://www.brokeroutpost.com/reference/20318.htm (Updated: 02/19/2006)

1003 Application
The first step in the official loan approval process; this form is used to record important information about the potential borrower necessary to the underwriting process.
http://www.brokeroutpost.com/reference/10972.htm (Updated: 02/13/2006)