What Can I Do??

I am glad you asked. Before a loan can (and really should) be submitted to underwriting, the supporting documentation needs to be in the file and it helps if an appraisal present. There is some wiggle room with the appraisal because these days you are most likely going to get at least one “approval with conditions” so you can include the appraisal in the re-submit. Having the documentation in the file quickly is key to helping the process along therefore one thing that you can do is to get your paperwork to your lender as quickly as possible. Have your financials ready to go, don’t pack or shred items like W-2’s, paystubs, bank statements, or tax returns. Agents can help by making sure that their clients are providing what the loan officer is asking for in a timely manner and making sure that the customer is returning the LO’s phone calls promptly. If you are refinancing, then in addition you can let the appraiser in your home as soon as you can so that it comes back to the lender quicker.

Keep in mind that everyone involved in the transaction what the same thing, to close soon and on time. We are all working towards the same goal so let’s help each other get there together.

You can contact me at chad@chadstallings.com