Davidson Realty, Inc.

Lender Tip of the Month: Ease Loan Process with Communication & Organization

July 29, 2019

 | 
Posted by in News, Northeast Florida Market Trends

Thanks to technology, gone are the days of the slow, clunky mortgage lending process! We can now speed the process and better track the significant number of required documents with relative ease.

 

George Stone, Loan Originator with Jet HomeLoans, has some great tips to help you utilize technology to improve your experience. Here are George’s tips for a smooth loan process:

————

Once you are under contract you will likely have just 5 days to make a “Loan Application.” Basically this means you should speak with your lender right away and be sure that they have the required items to process your loan.

 

Documents that are required are things like your paystubs, your most recent 2 years of W2s and/or tax returns, your bank statements, and your un-expired government ID.

 

Send photos of required documents

Lenders accept photos for these items like your ID and your paystubs. Simply take a clear picture that is nice and straight with your cell phone and forward that along in an email or text.

 

Email multiple page docs as PDFs

For documents that have multiple pages like bank statements and tax returns, it’s usually best to not use photos but to attach those in a PDF format and be sure to always send all pages of multi-page documents, even if a page is blank. Most lenders have a secure portal where these documents can easily be uploaded to ensure that your information is protected.

 

Stay organized with email paper trail

Email is a great way to communicate with your lender. Everything can easily be searched and recorded for later reference, and you should always try and use the same email account the entire time. This will help you and your loan officer to search for things and to stay organized.

 

Good communication and staying organized with your documentation will play a role in getting everyone to the closing table without delay and keep things stress-free along the way.

————

If you have additional questions about the loan process, contact George today at (904) 479-7490 or George.Stone@jethl.com.

, , , ,
(0) Comments
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • email
  • LinkedIn
  • StumbleUpon
  • Twitter
  • Yahoo! Bookmarks
  • Yahoo! Buzz

Comments are closed.

Davidson Realty