Remove Loan Officer Remove Pre-qualification Remove Staging
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The surprising future of mortgage technology

Housing Wire

Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. Borrowers were not comfortable turning over their credentials to loan officers or processors. In other cases, the loan officers didn’t trust the technology.

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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

These classes may be available online or in-person, and you will need to supply a certificate of completion to your loan officer. Step 5: Get preapproved for your loan. Get preapproved for a loan at this stage. At this stage, you should already be preapproved. Source: (Sean Locke Photography / ShutterStock).

Loans 105
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. Loan officer. Pre-approval. However, your clients need to know the difference between pre-approval and prequalification (see below). The limit is based on local median home values.