The best way to get a purchase offer accepted, is with a convincing loan approval!
Some lenders are advertising “rockets” and suggesting that anyone can just push a few buttons to receive a loan approval.
Black Diamond Mortgage Corporation IS partnered with wholesale mortgage lenders that DO offer a digital underwriting approval that eliminates loan conditions leading to approval certainty on DAY1!
Many lenders are not set up to offer this Fannie Mae backed mortgage approval, but Black Diamond Mortgage Corporation is fully functional on the 3 critical platforms:
1 – INCOME- FULLY APPROVED, DAY 1! Desktop Underwriter Automated Validation Services: Approval of the borrowers employment and past income using automated tax transcript verification and automated employment verification
2 – ASSETS- FULLY APPROVED, DAY 1! Desktop Underwriter Automated Validation Services: Approval of the borrowers assets using automated bank statement verification
3- NO APPRAISAL! VALUE FULLY APPROVED, DAY 1! Existing properties will be evaluated using COLLATERAL UNDERWRITER and if certain guidelines are met, no appraisal will be required on the transaction.
Every borrower is unique, and likely there are a few trailing verifications for all borrowers, but how amazing it will be when a buyer makes an offer that does not require a re-verification of the income, employment, assets, and property value!
MORE IMPORTANT! Most national / internet lenders offering “automated approval systems,” do so “blindly,” without thinking in advance of the likelihood of success. Some self employed borrowers, borrowers with variable employment histories, of limited funds, etc.. will need to seek their loan using traditional underwriting models. These “blind” approvals are frustrating to clients who think they are done with the process, only to be surprised later with new loan conditions or even a loan denial!
Black Diamond Mortgage employees live and work in MONTANA and understand seasonal employment, heavy industry, the medical professions, construction work, and the many things that make Montana a unique place to obtain a loan. So Black Diamond Mortgage clients will be vetted early for eligibility for Day 1 Certainty, and not lead to believe that there is no work to do on their loan, if there really is.
Day 1 Certainty is not for everyone, but it is great for those who are eligible! Do you or someone you know want to eliminate most of the loan underwriting for a clean, and automated loan approval with no surprises?
Contact us to learn more!
(Day 1 Certainty offered by some of our wholesale lender partners, not directly by Black Diamond Mortgage Corporation- learn more here: https://www.fanniemae.com/singlefamily/day-1-certainty# )