Housing Wire

MARCH 23, 2021

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations. Data-driven analysis.

Lending 423

Lending Mortgages Due diligence Debt-to-income ratio 423

HomeLight

JANUARY 17, 2024

Here are some common reasons why you might decide to back out of a home purchase: Your loan financing fell through: It’s not uncommon for a mortgage loan to be initially approved but later denied due to changes in your financial situation or lending policies.

Purchase and sale agreement 98

Purchase and sale agreement Debt-to-income ratio Title search Finance 98

RIS Media

APRIL 8, 2022

Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . The lending institution can also stop the transaction. . The title search reveals issues. The title needs to be clean.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

Realty Biz

JANUARY 20, 2023

You'll need to provide documents such as: Valid ID and Social Security number Recent pay stubs W-2 or I-9 forms from the past two years Federal tax returns Recent bank statements Details on long-term debts like car or student loans Your loan officer, mortgage broker, or home lending advisor sends this information to the underwriter.

Title search 78

Title search Debt-to-income ratio Title Loans 78

Point2Homes

DECEMBER 7, 2020

This should show you how much you can afford to spend on mortgage payments and reveal how much a bank is likely to lend to you. Lenders will normally look at your debt-to-income ratio to determine whether you qualify for a loan. In this case, having an attorney run a title search will be critical.

Debt-to-income ratio 118

Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

Lighter Side of Real Estate

AUGUST 5, 2020

If you haven’t actually qualified for financing, you should hold off on going to look at houses with a real estate agent (or even going to open houses), since there’s no guarantee that a mortgage company can lend you the money. Besides, many sellers and their agents won’t even consider your offer if you don’t include a pre-approval letter.

Pre-approval 145

Pre-approval Debt-to-income ratio Title search Finance 145

Redfin

MARCH 3, 2022

Any changes in your debt-to-income ratio or credit score could cause issues with your loan application, which increases the chance of a delayed closing. It’s used to determine how much you can borrow and assures the lender that they aren’t lending more than what the home is worth. Clouds on the title.

Closing 62

Closing Title search Purchase and sale agreement Title 62