There are many professionals that will work with you throughout the home buying journey. Let’s introduce the experts you will connect with and their roles so you can better understand the home buying process!

 

Loan Officer

 

Your main point of contact! Your Direct Mortgage Loans loan officer will evaluate your loan application and will make recommendations of the mortgage product that best suits your home buying needs. They also keep you informed throughout the entire process. Learn about the benefits of working with a direct mortgage lender as opposed to a big bank. 

 

Processor

 

A processor gathers all documents and reviews the loan application for accuracy before the loan file gets approved by the underwriter.  

 

Underwriter

 

An underwriter approves or denies the loan request by determining if your credit worthiness meets loan guidelines.  

 

Real Estate Agent:

 

A real estate agent is someone who has a professional real estate license to help people buy, sell, or rent real estate. 

 

Buyer’s Agent

 

A buyer’s agent represents the interests of the buyer and has fiduciary and/or statutory duties to the buyer. 

 

Listing Agent

 

The listing agent represents the seller in the real estate transaction. 

 

Real Estate Attorney

 

The real estate attorney gives advice on all legal aspects involved in the real estate transaction. They also assist in contract drafts and reviewing final contracts as well as assisting with the closing process.  

 

Home Inspector

 

A home inspector assesses the property’s condition and will look for evidence of pests, water, fire damage, or any other issues that may affect the property’s value. Learn more about what to keep in mind during the home inspection and why they’re highly recommended. 

 

Home Appraiser

 

A professional with knowledge of real estate markets who is skilled in the practice of assessing the fair market value of real property. When a property is appraised in connection with a loan, the appraiser is selected by the lender, but the appraisal fee is usually paid by the borrower.  

 

Title Company

 

The title agency will investigate a property’s title (or deed) for discrepancies, or undiscovered liens. Additionally, the title company will issue title insurance to the lender after the title is deemed clear.   

 

Home Insurance Agent

 

A representative of an insurance company that sells homeowners insurance policies (liability coverage against accidents in the home or on the property).  

 

Closing Agent

 

A closing agent acts as an impartial third party who oversees the final details of the real estate transaction on closing day. Read more about closing costs and how to pay for them! 

 

If you or anyone you know is ready to start the home buying process today, then we would love to be your trusted lender. Furthermore, should you need a recommendation for one of the above home buying experts, we would be glad to help. Contact Direct Mortgage Loans today!