How Lending Works

Description

Ever wonder what actually happens once a loan application is submitted? How Lending Works pulls back the curtain on today's mortgage process and shows real estate professionals how lenders truly evaluate loans. You'll learn what loan "findings" are, why they matter in underwriting and the secondary market, and how they directly affect borrower approval. The course walks through a Findings Report step by step, highlights ways to avoid unnecessary documentation delays, and introduces underused non-QM loan options. By understanding how lenders think, you'll be better equipped to answer buyer and seller questions, reduce frustration, and guide clients through one of the most emotional parts of a real estate transaction with confidence. 3 clock hours for Maine Real Estate Licensees-Instructor Bob Staab