Last Minute Mortgage Denial By Mortgage Underwriters
The number one reason for last minute mortgage denial is because the borrower was issued a pre-approval letter without being properly qualified.
- Loan Officers should not issue pre-approvals
- All of our pre-approvals at The Gustan Cho Team at Loan Cabin Inc. are full credit loan approvals that have been fully underwritten and signed off by our mortgage underwriters
- This is why we close 100% of all of our pre-approvals and we have no last minute mortgage denial
- Many home buyers think that a mortgage loan pre-approval is a done deal and that the mortgage loan will fund and close
Borrowers who need to qualify for a mortgage with a direct lender with no mortgage overlays, please contact us at The Gustan Cho Team at Loan Cabin Inc. at 262-716-8151 or text us for faster response. Or email us at gcho@loancabin.com. We are available 7 days a week, evenings, weekends, and holidays.
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