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Admin Special With The Admins Of LendCity
Manage episode 364233927 series 2946763
In this episode, the admin team at LendCity shares insights into the mortgage application process and documentation requirements while providing helpful tips for a smooth mortgage experience.
Key Timestamps:
[0:00] Team Introduction
- Admin team backgrounds
- Transition to mortgage industry
- Learning experiences
[4:30] Application Process
- Initial contact procedure
- Document collection
- Application review
[8:45] Documentation Requirements
- Employment verification
- Proper formatting needs
- ID requirements
[12:30] Income Verification
- Pay stub requirements
- Year-to-date calculations
- Employment confirmation
[16:45] Property Documentation
- Lease agreements
- Property tax bills
- Portfolio management
[21:15] Asset Requirements
- Importance of disclosure
- Creative financing options
- Closing cost considerations
[25:30] Appraisal Tips
- Property presentation
- Value considerations
- Documentation suggestions
Key Strategy Points:
1. Documentation Standards
- Official letterhead requirements
- Non-editable formats
- Document expiration timelines
2. Property Documentation
- Lease verification
- Tax assessment requirements
- Portfolio management details
3. Asset Management
- Full disclosure benefits
- Program qualification options
- Closing cost planning
Contact Information:
LendCity
Important Tips:
- Keep documents current within 30 days
- Ensure clear, complete documentation
- Maintain organized property records
- Present properties well for appraisals
Chapters
1. Introduction and Background (00:00:00)
2. Lessons Learned in the Mortgage Industry (00:00:49)
3. Proper Documentation Requirements (00:04:10)
4. Identification and Asset Requirements (00:08:01)
5. Documentation for Rental Properties (00:09:28)
6. The Role of Assets in the Mortgage Application (00:12:08)
7. Preparing for a Home Appraisal (00:14:26)
73 episodes
Manage episode 364233927 series 2946763
In this episode, the admin team at LendCity shares insights into the mortgage application process and documentation requirements while providing helpful tips for a smooth mortgage experience.
Key Timestamps:
[0:00] Team Introduction
- Admin team backgrounds
- Transition to mortgage industry
- Learning experiences
[4:30] Application Process
- Initial contact procedure
- Document collection
- Application review
[8:45] Documentation Requirements
- Employment verification
- Proper formatting needs
- ID requirements
[12:30] Income Verification
- Pay stub requirements
- Year-to-date calculations
- Employment confirmation
[16:45] Property Documentation
- Lease agreements
- Property tax bills
- Portfolio management
[21:15] Asset Requirements
- Importance of disclosure
- Creative financing options
- Closing cost considerations
[25:30] Appraisal Tips
- Property presentation
- Value considerations
- Documentation suggestions
Key Strategy Points:
1. Documentation Standards
- Official letterhead requirements
- Non-editable formats
- Document expiration timelines
2. Property Documentation
- Lease verification
- Tax assessment requirements
- Portfolio management details
3. Asset Management
- Full disclosure benefits
- Program qualification options
- Closing cost planning
Contact Information:
LendCity
Important Tips:
- Keep documents current within 30 days
- Ensure clear, complete documentation
- Maintain organized property records
- Present properties well for appraisals
Chapters
1. Introduction and Background (00:00:00)
2. Lessons Learned in the Mortgage Industry (00:00:49)
3. Proper Documentation Requirements (00:04:10)
4. Identification and Asset Requirements (00:08:01)
5. Documentation for Rental Properties (00:09:28)
6. The Role of Assets in the Mortgage Application (00:12:08)
7. Preparing for a Home Appraisal (00:14:26)
73 episodes
All episodes
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