11 Jun 2024
By Mark Feder

What to Expect When Working with a Mortgage Loan Processor

Mortgage
Buying a home is always an exciting journey, but it can also be overwhelming, especially when it comes to working through the mortgage process. One key player who will help to ensure your loan goes smoothly through this process is the Mortgage Loan Processor. If you're wondering what to expect when working with a Mortgage Loan Processor, here's a rundown of their important role and how they help you close your loan efficiently. What Does a Mortgage Loan Processor Do? In short, a Mortgage Loan Processor does everything necessary to ensure your loan application is complete, accurate, and approved on…
Read More
11 Jul 2023
By Mark Feder

The Impact of Your Employment History on Mortgage Approval

Mortgage Tips
When it comes to applying for a mortgage, lenders take various factors into account to determine your eligibility. One crucial aspect they consider is your employment history. Your employment history provides lenders with valuable insights into your financial stability, income consistency, and ability to repay the loan. Lenders evaluate your income consistency to ensure that you have a reliable source of funds to cover your mortgage payments. They typically request pay stubs, W-2 forms, and tax returns to verify your income. If you have been in the same job or industry for a considerable period and have a consistent or…
Read More
22 Sep 2020
By Mark Feder

Understand Coronavirus Mortgage Relief Options

Mortgage Tips
The coronavirus pandemic has impacted everyone. For homeowners, they might be wondering how they are able to keep up with their mortgage in light of shelter in place orders, financial difficulties, and unemployment problems. Federal agencies and regulatory authorities are putting relief measures in place during the pandemic to help people who might have trouble keeping up with their mortgage. When it comes to coronavirus mortgage relief, there are a few tips that everyone should keep in mind.  Talk To The Lender First The first step is always to talk to the lender directly and see if there are relief…
Read More