Title Image

Three Steps for Facilitating the Construction Loan Process

Three Steps for Facilitating the Construction Loan Process

Three Steps for Facilitating the Construction Loan Process

There’s never been a better time to increase your understanding of the finer points of construction loans. These loans are popular among prospective homeowners because they provide upfront financing to build customized homes, and consumer interest in them usually increases at times when existing home inventories are low. Construction loans are more complex than regular mortgage loans, but you can simplify the process and prepare your clients by taking a few preliminary measures.

Have Facts at the Ready

Many first-time construction loan customers are also first-time homebuyers, so a complete understanding of all the various loan products that are available is critical to assisting prospective clients in finding the one that best fits their needs. It’s also important to be familiar with the basics of each client’s financial situation and intended goals in order to identify possible areas of confusion. This will allow you to provide relevant guidance and information when they’re needed most.

Proactive Communication is Essential

As a loan originator, taking care of financial matters is all you do, but obtaining financing is just one step in the overall home construction process for the prospective homeowner. By attempting to anticipate the client’s questions and addressing them before they ever come up, you’ll help to streamline the process as you walk them through the multiple credit checks and other additional steps that are necessary to pass through the initial approval, underwriting, and finalization procedures.

Pay Attention to Detail

Ensuring that the loan application package is properly executed will go a long way toward preventing unexpected surprises at the closing as well as later on. Since most clients that you work with will have little experience when it comes to assembling and filling out the necessary paperwork, it’s in your best interests to review everything for accuracy and completeness well ahead of the closing date.

Have questions?  Speak to an expert for more information.

Coming Soon!

The New Private Eyes Platform.

Background Checks | LegacyLender Solutions | Login

For any questions contact us at (925) 927-3333.

Site Security Notification

 

Use the buttons below to continue your login.

For SITE SECURITY purposes and to ensure that this service remains available to all users, this computer system employs software programs to monitor network traffic to identify unauthorized attempts to upload or change information, or otherwise cause damage. Unauthorized attempts to upload information or change information on this service are strictly prohibited and may be punishable under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act.

NOTICE: We will not obtain personally-identifying information about you when you visit our site unless you choose to provide such information to us.

Point of Contact for Security and Monitoring: Frank Santa Elena email: security@pebackgroundchecks.com Information Systems Security Officer (ISSO) for www.privateeyesbackgroundchecks.com phone (925) 927-3333.

For any questions contact us at (925) 927-3333.

Find the Right Lender Solution

Fill out the information below and we will contact you or call us at 925-927-3333



First Name*
Last Name*
Email*
Phone*
Company*
Street
City
State
Zip Code
Number of Employees
Where did you hear about Private Eyes?

Find the Right Background Screening Solution

Fill out the information below and we will contact you or call us at 925-927-3333.



First Name*
Last Name*
Email*
Phone*
Company*
Street
City
State
Zip Code
Number of Employees
Where did you hear about Private Eyes?

Candidate Assistance

If Private Eyes is running your background check, please contact our Customer Service department. A person on our team will be more than happy to assist you

Email: CSS@pebackgroundchecks.com
Call: (925) 927-3333

Private Eyes Customer Assistance

If you are a current customer, please contact our Customer Service department. A person on our team will be more than happy to assist you.

Email: CSS@pebackgroundchecks.com
Call: (925) 927-3333