Wednesday, August 7, 2013

Here's How Lenders Get the Details

Ever wonder how underwriters find out all the details about a buyer or a property?  One of the greatest resources for an underwriter is the Public Records Online Directory.  This web site is a portal to all the official Assessors', Recorders', and Treasurers' web sites.

Here are just a few of the things that can be found by using this site:
  • assessed value
  • taxes
  • current owners' name and address
  • sales history
  • deed recording dates
  • zoning information
  • property type (end the confusion about whether a property is a condo or a townhouse)
Here's the link to the site:

When the web page opens, just click on the state, then the county, and then the link to the Assessor, Recorder, or Treasurer.  If the link says "Go to Data Online" that means you will be able to access the information yourself.  If the link says "Website Only" or "No Information Online", then you won't be able to get the information yourself, but you can call the phone number listed next to the link to get what you need. 

We use this web site for every loan we sell, just so we'll know exactly what the underwriter is going to see when they start their research.  It's much better to head off problems early in the game than to have a deal fall apart at the last minute.

Getting a loan approved is easy - if you know what to do.  The Mortgage Experts know what to do!!!  

Make sure you check out our web site:

By the way, don't forget to refinance your current mortgage.  Rates are very, very low right now.  Don't miss out!  Call us today to get the details for your particular situation.

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