Expert Opinions: Inside the Underwriting Process

Welcome to A&D Mortgage’s exclusive behind-the-scenes look at our underwriting process! In this engaging video, Kaye Chapman, Manager of the Underwriting One and Underwriting Support Teams, sits down with Brennen Moloney, one of our exceptional Team Leads for the Senior Underwriting Group. Watch the video to gain insights into how we ensure seamless communication with mortgage brokers, tackle challenges head-on, leverage technology for efficiency, and the expert opinion on underwriting in general.

KEY HIGHLIGHTS

• Effective communication. Ensuring brokers and loan officers are well-informed throughout the loan process.
• Conflict resolution. Addressing disagreements and actively listening to broker feedback.
• Leveraging technology. Automation of conditions and streamlining manual tasks to speed up turnaround times and improve efficiency.
• Managing workloads and prioritization. Effective time management and clear communication with brokers to maintain transparency and trust.
• Swift condition clearances. A commitment to a 24-hour turnaround time for both initial and condition reviews.
• Guidance for brokers. Improving submission quality for smoother processing.
• Assisting borrowers with lower credit scores. Exploring options within the Non-QM space. 
• Building realtor relationships. Leveraging personal networks and educating realtors about the benefits of partnering with A&D Mortgage. 

Don’t miss out — watch the video now and stay tuned for more exclusive discussions from A&D Mortgage! 

MORTGAGE NEWS

• NMN – More than 90% of housing markets overvalued, Fitch says. While housing supply might be increasing, home prices still rose at an unsustainable pace in over 90% of markets during the third quarter last year, according to a new report from Fitch Ratings. 
• NMP – Youthful Tenacity Prevails: Gen Z And Millennials Forge Ahead In Homebuying. ServiceLink’s latest report sheds light on the housing aspirations of younger demographics, showcasing their enthusiasm to navigate the current market conditions. Despite facing relatively high mortgage rates and lower income levels, Gen Z and millennials are eager to take the leap into homeownership this year. 
• HousingWire – More homeowners feel like it’s the right time to sell: Fannie Mae. Consumer sentiment toward housing inched higher for a third consecutive month as respondents feel increasingly optimistic about home selling conditions.