From flying, to purchasing certain items, to taking out a loan, ID verification is a necessary part of everyday life. During the mortgage process, you’ll need to have your identity verified to protect against fraud. During a traditional transaction, this would be done by showing a government issued photo ID to your loan officer. What […]
Online Digital Mortgage Technology: Digital ID Verification Read More »
Once you have moved through the majority of your online digital mortgage process, you’ll sign your closing documents and have them notarized by a notary. Traditionally, this process had to happen in person, typically in your loan officer’s office, to have all documents signed and observed by a notary. Today, digital technology allows this process
Digital Mortgage Technology: Remote Notarizations Read More »
If you’ve been considering beginning your home buying journey for the first time, you may have heard some less-than-favorable stories from your family and friends about delays experienced in the traditional home financing process. Oftentimes, people will experience delays that can have a real impact on the time it takes to complete their home loan.
The Best Home Financing Process is a Speedy One Read More »
Using the Warp Speed Mortgage online platform is an easy way to reach your home financing goals from the comfort of your home computer. While a completely online mortgage experience wasn’t possible when our parents bought their first home, technology has allowed lenders to move away from the traditional mortgage experience and support you remotely.
Technology: The online mortgage application Read More »
When you purchase a new home or refinance with a completely online digital mortgage lender like Warp Speed Mortgage, secure online tools can provide major benefits to both yourself and the lender. One tool that is critical to efficiently moving you through the mortgage process is digital asset verification. Part of the traditional mortgage process
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No matter how you look at it, your credit score plays a big role in whether your mortgage application is approved and what rates you qualify for. To a lender, your credit score indicates your dependability as a borrower and, generally speaking, the higher the credit score, the better. As with anyone, lenders want to
Credit Score: How Important Is It? Read More »
When you complete your mortgage loan application, you may notice some seemingly out-of-place questions about your race, ethnicity, and gender. Seeing these questions may have you wondering “Why in the world does my lender need this information about me?”. You’re not required to provide this information, but as it turns out, these questions exist to
Demographic Information When Applying for a Loan Read More »
Bounced checks If your checking account contains multiple overdrafts or NSFs (non-sufficient funds) charges, underwriters are likely to think that you’re not great at managing your finances. Mortgage rule-making agency Freddie Mac says that additional scrutiny is required when bank statements include NSF fees. Large, undocumented deposits Outsize or irregular bank deposits might indicate that
3 Things Lenders Don’t Want to See on Bank Statements Read More »
