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Mortgage Loan Closer Job Questions & Answers

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We are buying a mobile home from a dealership in Louisiana. We are within a week of closing. We just have to do the walk in first. Our lender is 21st mortgage with the loan type being a Chattel. Me an...
1 answers - Asked By: leannev1806 - 6/20/2012
7 weeks into new job still have not closed a loan....bills are past due..cant sleep..wondering if it is really for me...I see my co-workers getting big checks so I know the potential is there. Any adv...
3 answers - Asked By: Maria M - 9/19/2007
So we have the house, a commitment letter, the rate locked in and a closing date set. We still need the appraisal. Our loan officer assures us nothing can go wrong now, but I am still nervous as we ...
4 answers - Asked By: cassie12 - 2/16/2007
I just wanted to know besides a great credit score and job history. In order to qualify for a no down payment loan do you need to have a decent amount of money in your savings or does it not make a d...
3 answers - Asked By: April R - 5/7/2008
I know 2 people who are morgage loan processers..can someone explain to me what exactly that is?...they both have great houses and good money....how much does that job pay? i need 2 make really good m...
1 answers - Asked By: Erika - 5/19/2007
I am planning on leaving my job for another after the 13 of July but we are in the middle of buying a home and I don't want to give the mortgage loan officers a reason to question if we can afford it ...
6 answers - Asked By: child_n_light - 7/2/2007
My friend and her husband just bought a house but he may lose his job in a few weeks. He won't have a problem finding another job quickly but will this affect the sale of the house? Do you have to...
5 answers - Asked By: LFM - 7/17/2008
My wife and I are looking to buy mid-2009. We are trying to do research on what to expect with mortgage loans, but are a little confused. What determines how much we will be approved for on a mort...
3 answers - Asked By: Jimmy B - 11/7/2008
Hello, my 3 credit scores are 680 - 540 - 520 is there anyone that will approve me for a home loan? I also have 20K to 25K to put down on said house, i have had my current job for almost 8 years, so f...
5 answers - Asked By: TJ Z - 2/22/2013
My friend recently closed on a home. he used a bank to obtain the loan and they postponed the closing date several times, requested the same information over and over, and a whole lot of excuses. He g...
3 answers - Asked By: ivy o - 7/1/2011
I and my sister are applying for a loan amount of 200k to 250k with stated income. Our credit scores are 725 and 760. The reason is she can go with full documentation loan but since my job is self ...
3 answers - Asked By: karma l - 2/23/2008
We are taking a loans with Quickens Loans and was curious as to anyone's experience with them. So far it's been pretty good.
1 answers - Asked By: MagicEyeCS - 9/28/2013
1 answers - Asked By: juju - 8/30/2006
We are going to close on our home loan at the end of this month, my husbands job is sending him to another state to work, and another company has offered him a job in the area where we already are. So...
7 answers - Asked By: Tashina J - 10/1/2009
I got an email from a guy sayign he's looking for 2 more employees for his loan office. The job I was offered goes like this: I'll be a w-2 employee, and not need a license since I'll be working ...
2 answers - Asked By: AustinRob30 - 2/12/2007
I'm buying a second home that will cost me 340K. I am putting down 50% in cash. So all I need to do is finance 170K. If I get a Mortgage., there is a big closing cost, if I get a Home Equity Loan, ...
4 answers - Asked By: Obuma Bin Laden - 7/9/2008
I graduated 2 years ago, $100k in student loans, I am making $120k/yr. Would the bank give me a 250k mortgage with no more than $10k down? my student loan payment is $1000/mo $500 car payment 2 y...
5 answers - Asked By: onestep989 - 5/19/2012
I heard different stories from different people. Some said FHA loan you have to pay mortgage insurance, but convention loan you don't have to pay mortgage insurance, and FHA's closing cost is higher t...
1 answers - Asked By: Ok D - 8/3/2009
Hi i have been approved for a mortgage and have signed the offer documents but i am waiting to fill the drawdown requirements. anyways i have been offered a new job if i change jobs can the lender ref...
4 answers - Asked By: goooo - 3/19/2009
I'm looking for a DETAILED job description of a loan officer. Maybe this could be broke down into daily activities, activities while closing a loan, LT activities etc. I am in the mortgage business so...
1 answers - Asked By: Dan - 9/8/2011
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