Understanding the Players

I take care to educate home buyers about how the loan process works, so they can make good decisions. Two things you need to know first:

Two Basic Tenets of the Mortgage Underwriting Process

  • Mortgage lending makes zero common sense.
    We have to work with a series of arbitrary rules and guidelines that risk managers publish. The bank underwriter has to meet these guidelines in order to release the funds of the loan to the borrower (you).

  • The bank underwriter’s job is to kill the loan.
    They are not in the business of making loans — they are in the business of killing loans. In other words, their job is to find a reason not to release funds to the borrower (you).

Vic working with home buyer client