During the meeting, one of our colleagues indicated her client was getting so frustrated with all the redundancy in paperwork requests from her lender that she believed her loan officer was picking on her. He wasn't. This has become the new "way it is."
The process is especially stringent for the self-employed. During our recent refinance, Chad joked he was "going to have to take a week off work to gather all the documentation for the lender." It seemed a daunting task.
But with rates as attractive as they are, it's all worth it. And buyers (and owners looking to refinance) get through it. So, in the words of the article, just accept it. Because the lender said so!
This brief article can be printed from the PDF frame below.