Whitney Watson's (whitneywatson) Blog

Has one of your clients been asked by his or her lender to write a letter of explanation or LOX?  This underwriter requirment is very common in the world of home financing today, and I find that it has a tendency to stump some borrowers and stall the loan process. Reasons for a Letter of Explanat...

If you have applied to be pre-approved for a mortgage loan but were a few points shy of the minimum credit score, don’t despair yet. Some mortgage lenders have at their disposal the rapid rescore. Instead of waiting 3-4 months for your score to make its way to where it needs to be, you can get th...