Five Ways To Avoid Additional Mortgage Underwriting RequestsDec 2 2013
By: Nicole Gates
At Guaranteed Rate, we know how painlessly you want your mortgage experience to be. With all the colossal amount of paperwork required just to apply, it certainly can be frustrating getting held up with more information requests from underwriting.
While an underwriter’s job is to ensure that you, the borrower, are a safe investment for the lender, there are things you can do to help make the underwriting process quick and painless!
Here are five transactions or dealings you should avoid while involved in the mortgage process:
- New Debt
- New Credit Inquiries/Opening New Credit Cards
- Job Loss
- Late Mortgage Payments
- Home Listed For Sale
For more details on how and why you should avoid the above, read our resources article that further discusses Understanding Mortgage Underwriting Requests.