loan officer: Why Are Loan Officers So Nosy?
- 05/21/14 04:03 AM
Has your loan officer requested to see all of your bank and financial statements, even retirement funds beyond what you will be using for your down payment and closing costs? This might seem like more information than you need to provide, but there’s a reason behind it–your loan officer isn’t just nosy.
There are occasions when loan officers must show a borrower has “reserves,” or remaining funds available after the down payment and closing costs are paid. The amount of reserves required varies by loan product, investor, and the borrower’s circumstances. Below are a few situations in which your loan officer … (22 comments)
loan officer: Swim When You’re Ready: English Teacher to Mortgage Lender
- 05/12/14 11:16 PM
My First Career I graduated from the University of Virginia with a bachelor’s in English and a master’s in secondary English education (Go Wahoos!). I had known since I was in high school that I wanted to be an English teacher. You see, I was the little girl who was always reading. I read so much, my parents often tried to get me to stop reading: “Go outside and play, Whitney. Stop reading!” “Whitney, you’re at the dinner table. Put that book down and talk to us!”
I often would stay up until the wee hours of the morning to … (10 comments)
loan officer: Tuesday Tip: Bargain Thank You Note Cards
- 05/06/14 05:25 AM
I posted yesterday on my favorite closing gift to buy for my clients and I thought I should let you in on my go-to place for thank you cards. I try to write 5-10 thank you cards per day, whether it’s to a realtor for a recent lunch meeting or to a client who has just closed. I used to spend a lot of money on fancy thank you cards that I would go through in no time at all. That was put to a stop when I found this great pack of note cards (and when my husband started monitoring … (6 comments)
Has your loan officer requested to see all of your bank and financial statements, even retirement funds beyond what you will be using for your down payment and closing costs? This might seem like more information than you need to provide, but there’s a reason behind it–your loan officer isn’t just nosy.
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