#TwoforTuesday – Broker disclosed or Lender disclosed are two common options when submitting a loan. Today I break down the “skinny package” to help make it easier to understand.
In processing a loan, submitting should be one of the easier steps inside a lender portal. Don’t over complicate it, keep it simple. I suggest you upload a PDF with submission form and required “disclosure” docs based on how you are submitting and then a second PDF with all supporting docs. Based on what your findings show on DU/LP. Don’t make the mistake of sending in extra stuff at submission of a loan. Just keep it basic on what DU asks for upfront. **That means you have to read the findings and only upload what’s asked for!
I’m growing this week with new relationships in areas that do FHA and Non-QM loans. If that’s you, #LetsDoBusiness ↓