|
I have found that on-line applications are not the best way to handle the loan application process. As such, applications are handled either in person or over the phone.
I utilizes automated underwriting systems such as Fannie Mae’s Desktop Underwriter and Freddie Mac’s Loan Prospector which allows me to provide a preliminary loan approval in less than an hour for most of our loans products. And with these systems, the documentation that is needed for a loan is significantly reduced.
|
