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2. What to do when your mortgage application gets denied - AOL

   www.aol.com/finance/mortgage-application-gets...

   In Q3 2023, just over 12% of mortgage applications (both conventional and government-backed loans) were denied, according to Home Mortgage Disclosure Act data. Credit issues, changes in employment ...

3. Understanding the mortgage underwriting process - AOL

   www.aol.com/finance/understanding-mortgage...

   Mortgage underwriting is the process the lender uses to determine whether to approve your mortgage application. Before underwriting, a loan officer or mortgage broker collects credit and financial ...

4. How long does it take to buy a house? - AOL

   www.aol.com/finance/long-does-buy-house...

   One last simple rule to help make the homebuying process pain-free: The best way to avoid delays is to treat communications from your agent and lender as a top priority. If your lender requests ...

5. Loan origination - Wikipedia

   en.wikipedia.org/wiki/Loan_origination

   Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process.

6. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   Credit is what the underwriter uses to review how well a borrower manages his or her current and prior debts. Usually documented by a credit report from each of the three credit bureaus, Equifax, Transunion and Experian, the credit report provides information such as credit scores, the borrower's current and past information about credit cards, loans, collections, repossession and foreclosures ...

7. Mortgage origination - Wikipedia

   en.wikipedia.org/wiki/Mortgage_origination

   During this process, borrowers must submit various types of financial information and documentation to a mortgage lender, including tax returns, payment history, credit card information and bank balances. Mortgage lenders use this information to determine the type of loan and the interest rate for which the borrower is eligible.

8. What To Do If Your Mortgage Lender Ghosts You During the ...

   www.aol.com/finance/mortgage-lender-ghosts...

   “A lender might ghost you if they find a problem with your loan application later on in the process,” said Adam Garcia, CEO of The Stock Dork. Or, they may simply have nothing urgent to say to ...

9. Mortgage prequalification vs. preapproval: How to time these ...

   www.aol.com/finance/mortgage-prequalification-vs...

   Preapproval: What it is and how it works. Preapproval is a much more comprehensive process than prequalification. Mortgage preapproval is a lender's conditional commitment to offer you a specific ...