Loan Processor

Monday, March 3, 2014

Blog 17: Interview 4 Questions

1.) How does Home Funding Corp. process loans quicker?

2.) What sites do you use to advertise?

3.) How is your experience so far as a Loan Officer?

4.) During the year 2008-2009, What was it that kept your business alive?

5.) Where there any changes that effected your business after the 2008 Crisis?

6.) What seems to be the common mistake when people file for a loan?

7.) What experiences have you encountered while working in Home Funding Corp.?

8.) What is the difference between a mortgage broker and a direct lender?

9.) How important is the loan to value ratio?

10.) What is the difference between interest rate & APR?

11.) Why should I refinance my home?

12.) How are you able to lock an interest rate?

13.) Do you personally think a broker is easier then a direct lender? Cheaper?

14.) How much money will I have to come up with to purchase a home?

15.) What are major consequences on defaulting on a loan?

16.) Is a VA Loan better than a conventional loan?

17.) Why doesn't your company affiliate with Escrow Companies?

18.) As a first time borrower does credit score really matter?

19.) Does having an insurance title beneficial in a loan?

20.) How are rates determined?

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