One of the most important parts of choosing a lender is usually the last thing people think of. Make sure that the lender you choose is actually going to have the money at the closing table. Believe it or not, this has been one of the biggest problems over the past year. Work with a bank that closes on the loans they approve or commit to. When I give approval to my clients, I’m committing with a few conditions (such as satisfactory appraisal). But, outside of these conditions, I’m committing my loan to you.
One way to make sure your loan will close is to make sure you’re working with an in house underwriter. For example, since I’m my own underwriter, when I approve a loan it has already been signed off on and approved. Some home loan officers have to send off the loan to get approved. This is a major benefit of Home Mortgage Choices. Everything is local – even the funding is local. So, I don’t have to send anything off. Everything is done in house.
When I take your loan application, I have roughly 300 products (or loan packages) that you may qualify for. Using this large inventory, I find the best product for you. Some brokers have to go to another company to find their products. When this happens, many brokers look for who’s going to pay them the most for sending their loan to a buyer. In these cases, the brokers are not finding what is truly the best loan product for you.
I chose to work for Home Mortgage Choices because they underwrite in house, and all of their loans are in house. I am able to find the best loans for my clients’ needs, and I’m able to ensure their approval all the way to closing.
Leah Odom is the Senior Loan Officer for James Island’s Carolina One Mortgage branch. She is fully committed to giving her clients the best services possible. You can reach Leah at (843) 813-0123 or by visiting her website!