We received a copy of another lender’s “pre-qualification” letter today that was laughably weak. We seriously doubt that lender’s buyers will ever get an offer accepted b/c the letter was so vague and so weak.
In this highly competitive marketplace, it is essential that all borrowers actually get 100% “Pre-Approved” and that borrowers get a very strongly worded “pre-approval letter” (not a pre-qualification letter).
JVM’s Pre-Approval Letters make it very clear that: (1) we are in possession of ALL of the borrower’s necessary documents; (2) we have pre-underwritten the borrower’s entire file; (3) we have an actual “approval;” (4) we will provide DU findings to anyone; and (5) we can close in 10 business days.
Nobody has clearer or stronger letters than JVM. This clearly helps borrowers get offers accepted.
Further, we are more than willing to call listing agents to tout our borrowers, and we do so frequently.
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646