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| *Loan,banking and credit>>>mortgage loan |
Why are loan officers from mortgage companies picky about their clients. Good buyers go to prime lenders ok? |
Why are loan officers from mortgage companies picky about their clients. Good buyers go to prime lenders ok? Because they want to make a profit and reduce risk. Imagine a bunch of people come to you asking to borrow big piles of money. You'd be picky too. lign="right" > Sign in to vote! Loan officers have certain guidelines they need to adhere to when qualifying a client for a loan. If the prospective client does not meet the guidelines for the loans a loan officer has available, they cannot take the client. Unfortunately, not everyone is able to qualify for a mortgage. lign="right" > Sign in to vote! Being picky, in my opinion, is having the confidence and thorough knoweldge about their available products/programs. Loan Officers would not want to waste a borrower's time should the scenarios do not fit their guidelines/program matrix. Neither does the L.O. want to waste his/her time on loans that may end up turning sideways perhaps cancel. lign="right" > Sign in to vote! lass="explain-text">Sometimes none of the answers get it just right. If so, pick "No Best Answer". Voters DO NOT get any points for voting on the No Best Answer. |
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