Mortgagecast With Erin The Expert

Lately, I've seen a lot of "Pre-loan Worksheets" from other lenders and I thought it would be a good idea to address what these are and why you should demand a Loan Estimate (LE) from your loan officer. I never use pre-loan worksheets and my team and I work diligently to provide a loan estimate that is comprehensive and as accurate as possible - without underestimating the true costs. Though a loan estimate is non-binding for the client, it does set tolerance thresholds for the lender - I talk about this in detail. We also dive into the process of issuing various LEs and Closing Disclosures (CDs) throughout the process. Want to learn more? Check out my LinkedIn content page here >> https://www.linkedin.com/in/erincarvelli/detail/recent-activity/posts