Roles

Some mortgage lenders are one-person teams, while others have several members on their team.  What is the difference, how to find out what their team looks like, and what are the advantages and disadvantages of each?

Once your home loan application has been submitted, your loan processor becomes your most trusted “best friend” in the transaction.  This video describes what a loan processor is and what their role is.

The Underwriter, the one person who can help you or really hurt you in the loan transaction.  The Underwriter holds all the cards in your loan approval and is the most important person in the loan transaction.  What’s interesting is that this is also the one person you most likely will never talk to.  Here is the role of the underwriter, and why they are so important.

Escrow is what is referred to as Settlement Services, and an escrow officer is considered a settlement officer.  Every loan and home purchase transaction requires settlement services.  In some states it is the same company as the title company, while other states may use a separate escrow company or even an attorney for settlement of the transaction.  What is settlement/escrow, and what service does it perform?  The answer is here.

An average mortgage lender is concerned about one thing: the mortgage loan.  A good mortgage lender is concerned about much more: your overall financial health and well-being.  Here are the five professionals that every homeowner needs.