Great Advice

I was reading a mortgage forum today and someone posted this:

You are right to have the jitters and the reality is that the loan process won’t go your way. Relax, that’s ok and it’s to be expected. There is a lot that goes on behind the scenes that you have no control over. There are a lot of people doing uniquely different jobs in the loan process. Each one relies on the others to have their ducks in a row. If a duck gets out of line someone says something and the issue is addressed. Often times underwriters get backed up and can’t get to a file for several days. That’s always to be expected. The cleaner the file that is sent in the better. If you’ve given the loan officer everything they requested then relax and don’t worry. If they ask you for more stuff (which is typical on about 90% of loans out there then get it sent in as soon as possible.

Getting a mortgage can be daunting, but your loan officer is on your team more than you think. Our current culture tells us to distrust anyone in banking cause they are “just out to screw you over and make a buck.” Well, at the end of the day — unless you’re going to your local Bank of America branch or something crazy like that, your loan officer is working for a small bank which is trying to undercut the big banks, just like the rest of the 99%.