How to effectively communicate the terms and conditions of non-QM loans to borrowers
When borrowers are considering a non-QM loan, it is important to understand the terms and conditions that come with taking on such a loan. As an non-QM provider, here are some key points to effectively communicate to potential borrowers: These points provide the potential borrower with a better understanding of the risks and benefits that […]
The importance of staying up-to-date on non-QM loan regulations and guidelines
As a loan officer who specializes in non-qualified mortgage (non-QM) loans, it’s important to stay up-to-date on the latest regulations and guidelines that apply to these types of loans. Non-QM loans, which do not meet the qualification standards for traditional qualified mortgage (QM) loans, may have looser credit and underwriting standards, making it even more […]
