A borrower has just found out they won’t be getting a prime rate on their loan. There are many reasons borrowers don’t get a loan. Sometimes they lose their job suddenly, or maybe they’re new homebuyers carrying other kinds of debt. Whatever their...
This is a fictionalized case study intended to illustrate how Magenta provides solutions for borrowers in similar scenarios. All identifying details have been changed to protect the privacy of our customers. Meet Beth At the beginning of 2020, Beth felt good about...
Are you doing all that you can to package your deal for success? Making your deal ‘lender friendly’ is the easiest and quickest way to get an approval. Need tips? Here’s what your lender wants to see: 1. Documents up front. Sending most of the needed the...
A good old-fashioned checklist is one of the most useful tools to help complete a file. Checklists are easy to create, easy to use, can be implemented at any stage of a file, and are one of the simplest ways to make sure you get to ‘File Complete’ with the fewest...
The maturity date of your mortgage is fast approaching. The maturity of your mortgage gives you an opportunity to review your financial situation and make some decisions based on your financial goals and current situation. If you discussed an exit strategy with your...
