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Why do lenders need to know where money comes from?

By
Mortgage and Lending with Liberty Home Mortgage Corporation Originator NMLS ID 120117

Click on the link below to find out the answer.

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I am a loan officer who lends in 45 states and I handle the loan from start-to-finish. My cell phone is 1-216-780-1103 and I can be reached at anytime for questions, Pre-Approvals or anything else needed.

Comments (3)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Great information.  Thanks for sharing and enjoy your week!

Jan 17, 2023 05:08 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I know buyers sometimes do not like providing information about the source of funds (especially gift funds) - not because they're doing anything wrong, but because they feel like that's an invasion of privacy. It's good to share the reasons why!

Jan 17, 2023 05:30 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Jan 17, 2023 05:34 AM