Loan Officer Training - 10/31/2024 - Navigating Disputed Accounts in the Loan Application Process
Description
Disputed accounts can be a stumbling block in the loan application process, impacting everything from credit scores to approval timelines. In this episode of Loan Officer Training, we’ll guide you through the complexities of handling disputed accounts and how they can affect a borrower’s loan eligibility. Learn why disputed accounts matter, how they influence credit reports, and what you can do to navigate these situations with confidence.
We’ll explore key topics like identifying different types of disputed accounts, understanding credit bureau policies, and knowing when a borrower needs to resolve disputes before moving forward. Discover best practices for advising clients on their options, mitigating risk for lenders, and managing the documentation required to satisfy underwriting standards. By mastering these strategies, you’ll be able to streamline the loan process, protect your clients’ best interests, and minimize delays.
Whether you’re a seasoned loan officer or just starting out, this episode is packed with actionable insights to help you handle disputed accounts like a pro. Tune in and add this essential knowledge to your toolkit, ensuring smoother applications, fewer surprises, and a more successful lending experience for your clients.
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About The Mortgage Calculator:
The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation!
Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documen
Loan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/join
The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation!
Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!
Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...