Mortgage Broker Submission-Wholesaling

Instrumental role for helping mortgage brokers with the help of online services

Serving as responsive platforms for mortgage brokers, online forums play an instrumental role in helping people who are in need of instant loans and cash facilities. The real estate companies also responsibly carry out such duties but the online services in recent times has shifted the whole real estate investment market to a different horizon altogether.

Hence not just in the sphere of real estate, these online sites and platforms also play an active role in Mortgage Broker Submission-Wholesaling. Such services helps the interested borrowers to rely on a trusted mortgage broker who are readily present for the helping their clients. The pre-made forms help the borrowers to be familiar with the nature of firms and financial institutions that they are mortgaging their assets in.

Providing accurate social security

Applications for Mortgage Broker Submission-Wholesaling also benefits the potential broker to persuade these lending companies for effective sanctioning their clients with ready mortgage loans. Along with purchase price and down payment details, they also provide accurate social security details and loan amount that has to be stated to the lending firms.

Necessity of such informative forms

The forms are considered to be necessary in order to get used to the kind of details that are required by such lenders during the mortgage process. Borrowers also have to be aware of the terms and conditions that are required to be fulfilled in terms of availing such loans. It can be said that these platforms benefits the borrowers in times of their needs and requirements, but is also serves as an introductory platform for interested brokers before they venture out on their own. The usefulness and benefits provided by these forms hence stand to be very significant.

Mortgage Broker Submission



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Sample Template Preview

The Pinnacle Group, LLC.
Address, City, State, Zipcode

Phone: 254-000-0000     Fax: 254-000-0000

To:                           Your Broker / Lender

From:                     You or your Salesperson

Re:                          Financing (for your prospect’s name)


Can you please take a look at this application to see what kind of LTV you can do
based on his score?

Borrower:                            Your prospects name

Social Security #                123-45-6789

Purchase Price:                   $149,500

Down Payment:                   $8,000

Loan Amount:                     $141,500

Property:                             1234 Jones Street, Anywhere, Georgia 30005

I am attaching his application which authorizes you to pull his credit.  Please keep in mind that he states he can afford $1,250 per month so can you select a financing
program that allows his principal and interest payment to be somewhere near that figure?  Also, if he cannot get financed today, does he look like a good candidate once
he has a track record of paying for 12 months?

Thanks in advance for all of your help.

You or your salesperson