I would like to ask a mortgage underwriter why must homeowner deal with a mortgage broker or lender?

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I have spent 3-4 week trying to refinance my mortgage loan & each time the loan officer I’m working with promises me that he is the person that can get my loan done…but it really comes down to the underwriter decision. Why can I just work with an underwriter instead of a loan officer? It will say sooo much time!

3 Comments
  1. Reply
    ogrendle
    May 3, 2011 at 2:41 am

    Because if Underwriters spent time talking with people they wouldn’t have time to do their jobs. I also suspect underwriters lack people skills.

  2. Reply
    sunshine_today
    May 3, 2011 at 3:13 am

    Your loan agent is there to screen people out. If you are making it to the underwriter, you must look good enough on paper to pass the first hurdle. Interest rates are fluctuating and there are a lot of foreclosures starting to happen because people are leveraged to the hilt. They are trying to determine if you are worth the risk.

  3. Reply
    mortgage help
    May 3, 2011 at 3:36 am

    Lenders do not want you talking directly to the Underwriter. They are there to make an objective decision on the loan. The lender wants the most objective review on loans for whether they should be approved or not… Your direct contact will not allow this to happen.

    If it’s a tough loan, you are going to try to “sell” the underwriter on why they should approve your loan. Do your “selling” to your Loan Officer, and he/she will present your loan package in the best possible light to the underwriter.

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