Your mortgage like most things in life takes a team to make happen. It is more than just you and me. Here are some of the players on our team.
Myself your broker- I help you complete the application and assist you in getting your documents together. Review all the supporting documents ( credit, income, down payment, purchase & sale and employment confirmation) to make sure that we have everything that is required. Present client mortgage & lender options. Submit to the lender for approval. Communicate with the lender & fulfilment specialist at the bank to make sure all the documents are signed off on for the loan request. Order your appraisal if necessary. Get your approval package prepared and signed by you the client. Make sure your file meets compliance standards. Touch base with your solicitor or notary to make sure they have received the closing documents.
Underwriter- reviews (& hopefully approves) your loan request to make sure it meets the lender’s guidelines for credit, income & location. All of which I would confirm in advance as well.
Fulfilment specialist- they review and sign off on all the supporting documents for the loan. This includes income, down payment, commitment and purchase & sale agreements. Conduct verbal employment confirmation with employers.
Reator- In this market they are superstars. Once you are official pre approved they then proceed to show you every available listing in your price range and then run you all over town & province if necessary to show you the properties. Present offers ( in this market clients have been know to have placed upwards of 15-20 offers before getting one to stick). The forward me the offer, listing cut, amendments and taxes once they have an accepted offer so I can get it approved. Assist coordinating the property inspection if necessary ( some are waiving this to secure the offer but I don’t think that is wise). Final walk through inspection with client prior to close.
Solicitor- Receive mortgage documents from the lender. Review with clients at signing appointment. Collect down payment, deed transfer and property taxes. Register the new mortgage.
I am sure I am leaving people and roles out of this process but I just wanted you to know the teamwork that is required to get your file across the finish line and into your dream or forever home.
Today I am thankful for all the great team players that I work with on a daily basis, the Realtors in this competitive market are really superstars for their work and patience and for the clients for persisting till they finely find a home. Thank You.
“None of us, including me, ever do great things. But we can all do small things, with great love, and together we can do something wonderful.” – Mother Teresa
I look forward to hearing from you in regard to your mortgage needs.
p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).
p.s.s.s You can download my new mortgage app here