The SBA does not look kindly on misrepresentations in financial statements or
any other part of the loan application.
Not exact matches
The hardest
part of their
application process was getting
loan payoff amounts from my
other lenders.
We've finished up the income and assets
part of this series and will pick - up with the
other parts of the mortgage
application that will insure a mortgage
loan approval.
As
part of the
application process, lender and the mortgage guaranty insurer (if any), may verify information contained in my / our
loan application and in
other documents required in connection with the
loan, either before the
loan is closed or as
part of its quality control program.
Mortgage lenders often consider «substantial cash reserves» as a «compensating factor» if
other parts of a mortgage
loan application seem marginal or close to the limits
of what can be approved.
Up to this point, we have talked about the different
parts of a mortgage
loan application, as well as the
other documents you need to submit.