Automated Underwriting – LP vs DU

The auto industry has done it with cars that park themselves.  The vacuum cleaner industry has done it with a vacuum that cleans an entire home on its own.  The Arizona mortgage world has gone robotic too!  When underwriting a file and determining whether a client is approved for a new home loan, the mortgage world largely depends upon something referred to as "automated underwriting."  Automated underwriting is based on a computer system that analyzes a loan application from top to bottom … [Read more...]

One Day Home Loan Approval

When you think of an Arizona mortgage underwriter you typically think of a warm kind soul right?  Ah, who am I kidding.   Most Phoenix home buyers envision a heartless bitter person sitting behind a desk possibly wearing a horned headdress.  While that may be a bit exaggerated, it is true that underwriters are paid to be objective and a bit too black and white to be considered human.  That fact is what makes this story that much more amazing! One of my very dear clients who is under contract … [Read more...]