Question
1. List the mortgage approval process from pre-approval through to the deed to the property 2. What is the Loan Processor role? Why is it
1. List the mortgage approval process from pre-approval through to the deed to the property
2. What is the Loan Processor role? Why is it significant to the Home Loan process? Who do they interact with and pass their findings to?
3. What is the Underwriter role? Why is it significant to the Home Loan process? Who do they interact with and pass their findings to? Why are they important to the loan process?
4. Discuss the important pieces of a "Loan Estimate?"
5. What are the components of verifying the borrower's information?
6. How does credit play into the loan approval process?
7. What is the difference between a variable and fixed interest rate for a home loan?
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