In the past, approving a customer for a mortgage loan meant having to verify a borrower’s employment, income and debts. Today it’s much more complicated. Lenders need to be really buttoned up when it comes to making a judgment call on whether a buyer will be able to make timely loan payments and repay the loan in full.
Because of this new level of scrutiny, the number of documents requested when applying for a loan has grown significantly.
from Movement Mortgage Blog https://ift.tt/3e2e6Ns
via Naza Finance Blog
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