Why do banks turn down loans? San Antonio, Texas

you've got your approval letter and you've written up an offer that was accepted. The loan officer has done his or her job and have collected all the data..The file goes to underwriting and guess what>>>>It gets shot down...

This is a scenario that is happening all over the country. The banking system as gone from giving away money to making it super difficult to get money. Were not talking about folks with low credit scores were talking about folks that have good 620 and above credit scores and money in hand to make there purchases. I have been shot down twice by underwriters because they are afraid to make a move..I say "AFRAID" because i do a lot of business. I am not an agent who does business part time. The guidelines are being so scrutinized that every underwriter is being conservative.

How do you get around all that. It starts with asking all the right questions. having the LO (loan officer) ask all the right questions..I have developed a "buyers book" that is filled with over 100 pages of information. This is done to help educate the buyer. I do buyer interviews before I even go and show them a home. I have them visit with a lender to get all there information to the LO at one time.

Take time to help your client or buyer get through the process. in the end everyone wins..

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