Section B, Section C and Section H are areas where the lender can get kickbacks from title company, closing attorney and other people providing the services like courier fee, attorney fee, notary fee, appraisal fee, survey fee. These are overlooked as small things but lenders steer you to preffered providers for a reason. Specially when buying new construction and all these services are in house or provided by the same persons. Reply
It is funny that she takes a shot at online lenders. As if mortgage brokers banks and credit unions are perfect. It is the loan officer generating the quote. If they are not transparent and truthful during the process it will all come out in the end. It does not matter who they work for. I have been a loan officer and worked as a broker for a few banks and an online lender. A bad apple is a bad apple.
Section B, Section C and Section H are areas where the lender can get kickbacks from title company, closing attorney and other people providing the services like courier fee, attorney fee, notary fee, appraisal fee, survey fee. These are overlooked as small things but lenders steer you to preffered providers for a reason. Specially when buying new construction and all these services are in house or provided by the same persons.
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This was so helpful! Thank you!
What if my mortgage loan ID is only 8 digits?
Hi. Do you look at new construction loans? Let me know. Thank you!!
It is funny that she takes a shot at online lenders. As if mortgage brokers banks and credit unions are perfect. It is the loan officer generating the quote. If they are not transparent and truthful during the process it will all come out in the end. It does not matter who they work for. I have been a loan officer and worked as a broker for a few banks and an online lender. A bad apple is a bad apple.
great video
How do you calculate the figures to make sure you balance what the lender has
Can I have you look over loan estimate