online mortgage applications: Preapproval without verification???
- 03/02/10 01:42 PM
Today two loan officers from a local bank visited my office. They came in to talk about their loan products and the different loan programs that they have available. They also excitedly showed us their online preapproval application system. A home buyer can go onto their website, fill out the online application form, have their credit run and receive a preapproval letter to print off, as long as credit checks out. We were even told that the entire application is run through the underwriters. They then proudly handed each of us a sample copy of what the preapproval letter would look … (7 comments)
Today two loan officers from a local bank visited my office. They came in to talk about their loan products and the different loan programs that they have available. They also excitedly showed us their online preapproval application system. A home buyer can go onto their website, fill out the online application form, have their credit run and receive a preapproval letter to print off, as long as credit checks out. We were even told that the entire application is run through the underwriters. They then proudly handed each of us a sample copy of what the preapproval letter would look … (7 comments)
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