Tag Archive for: Loan application

What To Do (And Not Do) During The Mortgage Process

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When applying for a mortgage or refinance, a borrower can do several things to make the mortgage process more successful. However, there are also actions that should be avoided during the loan process as they can slow down or inhibit a borrower's ability to get a home loan. Read More

Mortgage Banks Don’t Make Enough Money for Introlend/Referral Fees

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Donut Shops Are Like Mortgage Banks Years ago, I helped a couple that owned a donut shop refinance – and I was shocked by how thin their margins were; they […]Read More

Correlating to the Worst Credit on a Loan Application When There Is More Than One Borrower

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When discussing credit with our borrowers, we often hear something like this: “My credit score is only 670, but don’t worry; my wife’s score is over 800!” Unfortunately though, lenders […]Read More

What Is in A Mortgage Application

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Mortgage applications are designed to be borrower-friendly and standardized across the mortgage industry. The mortgage application used in all U.S. states and territories for the past 20 years is the Uniform Residential Loan Application (URLA). Here is a breakdown of everything borrowers need to know about URLA and filling it out.Read More