loan status update: Do You Really Embrace Your License? - 05/27/20 08:56 AM
Funny things about real estate licenses as well as mortgage broker and NLMS licenses, embracing these licenses have far greater importance than many realize.
 
Here in AZ, our real estate offer to purchase becomes a legal contract upon acceptance. Within this contract are specific requirements for both the Realtor and Lender. For example, the Realtor must provide an AZ Pre-Qual form when submitting the offer. This is not to be confused with a Lender’s qualification statement. Unfortunately, many lenders both in the state and outside of the state fail to understand this requirement. They have not truly embraced their license.
 
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