Loan Officer Pre-approval Staging 
The Mortgage Report
AUGUST 1, 2025
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Rochester Real Estate
NOVEMBER 5, 2015
A good score will show that you’re a responsible borrower and have been able to keep up payments on past loans. A bad score could lower your chances of being approved for a mortgage or result in a higher interest rate on your approved loan. A copy of your income tax return for the past two years.
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Rochester Real Estate
NOVEMBER 5, 2015
For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. Have you tried calling a bank on a Saturday night to get a pre-approval letter? The waiting period will vary based on the type of loan and the lender.
Rochester Real Estate
NOVEMBER 5, 2015
Minimum Credit Score Requirement Credit scores play a major role in all types of loans including conventional and government mortgages. A good loan officer will have a feel for this during your initial discussions. The more assets you have, the stronger your application will be making it easier to get an approval.
Housing Wire
MAY 7, 2025
She was a responsible borrower but made a mistake: she had lost track of her student loan payments and was 60 days late. The client, who logged into her student loan portal and made a payment, is now in limbo about whether a new credit report needs to be pulled in her 90-day escrow, the loan officer at Guild Mortgage told HousingWire.
Housing Wire
OCTOBER 1, 2024
Pre-CTC review processes : In a proactive shift, some lenders are moving their QC efforts earlier in the loan process, conducting pre-clear-to-close (CTC) reviews. One critical shift is the adoption of pre-funding QC reviews. This year, we’ve implemented a new pre-close audit before our underwriters finalize the loan.
Housing Wire
JUNE 20, 2024
The fourth quarter of 2023 was the seventh straight quarter of net production loss for lenders , who hemorrhaged an average of $2,109 pre-tax dollars for each loan they originated. To combat this, loan officers must be incentivized to embrace innovation. Inertia within lending institutions poses a formidable barrier.
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