Tag Archive for: salability

Loans = Compliance, Box-Checking, Salability; Not Logic Ever

We have a jumbo borrower right now who is pulling his hair out b/c he is extremely well-qualified but still getting conditioned to death by an underwriter. His file is very complex, as he has assets of all types and multiple income sources. He was convinced the underwriter and investor did not want to lend […]Read More

Why’s It So Hard to “Fund” A Loan? Salability & Cash to Close

We often have borrowers and Realtors wonder why it takes lenders so long to fund a loan after all the documents are signed. First, the entire funding package has to be returned to the lender. Upon receipt of the package, the “funder” has to review the entire package with a fine toothed comb to ensure […]Read More