It's easy to be a successful loan officer when everyone in town is looking to purchase a home. However, those who are able to develop meaningful relationships with borrowers are the ones who typically succeed when the housing market is slow.Are You Able to Connect
Eligibility For VA IRRRLs If your clients have a VA loan and are interested in lowering their interest rate, you should consider offering them the option of applying for the Interest Rate Reduction Refinance Loan. Abbreviated as IRRRL, this refinancing option allows veterans and military families
Due to the high costs of new construction, construction loans stand at the heart of the entire construction industry. Without builders having readily available access to financial resources, housing and commercial building projects would never see the light of day.As a lender, it's essential that
When working in a human resource department for a medical office or hospital, you'll usually be responsible for completing background checks on potential employees and those who are currently working for the company. Employees who could have past or current criminal issues might not be
Rarely have interest rates on home mortgages been lower. The average interest rate for a 30-year loan has been around 3%, and the rate for a 15-year loan has approached 2.5%. Because of the drop-in interest rates, the price of houses has actually gone up
Of the many small businesses that apply for loans every year, only half are approved. According to lending experts, there are four primary reasons why small business loans get rejected.Credit ProblemsBad credit or no credit is a red flag for lenders. Would you loan money
Fraud is an ongoing threat to loan underwriters. Professional criminals can make an art form out of defrauding lenders. However, most experienced underwriters have a well-honed ability to detect red flags. Seasoned and astute attention to detail on the part of an underwriter can stop
When it’s time to consider the financial situation of a business or individual for a loan or mortgage, lenders agree that verifying tax transcripts directly from the IRS is one of the most important steps to take when evaluating the borrower’s ability to repay the
Healthcare workers are responsible for the wellbeing and, sometimes, the lives of their patients. Because of this responsibility, it is important for people in the healthcare industry to provide them with a safe environment for their patients. People often see medical providers when they are
Background checks are an important part of the hiring process. This is especially true of the healthcare industry, where workers have near-constant access to highly confidential information.Still, unqualified healthcare workers do occasionally slip through the cracks even with a background check. This can happen when