My New Blog

Breaking News - New Products and Process

February 1st, 2018 2:53 PM by Jim Merrill

2018 is off to a great start with many improvements in product selection and process. Over the last couple of months, I have contracted with several new lenders and now offer products that are very rare in the business. Axel Mortgage can now offer purchase or refinance loans for "fresh start" clients with tarnished credit and scores as low as 500. We can now accept transferred appraisals and offer bank statement only underwriting for self-employed borrowers.

We now have a fully electronic application process. This is the easiest and most efficient delivery system in the industry and saves many days of processing and disclosing time.

About 70% of the purchase and refinance loans we are approving are receiving "appraisal waivers". This means no appraisal is required for loan approval. This saves our clients $470-$750 upfront! This is cutting processing times dramatically. We approved a purchase loan in January in 3 days from submission to final approval which allowed the borrower to move up his close of escrow date by 26 days.

Axel Mortgage has the fastest and most efficient purchase process in the business. We close loans faster and cheaper than anyone else in Arizona. Our prequals are issued same day. Initial approvals take less than 24 hours and we send out documents to title companies within 24 hours after final approval. We also table fund which is very rare for a broker. Simply put, our purchase products are far superior than any of our competitors.

If there is anything I can do for you or anyone you know I look forward to helping. As always, my family and I thank you for the continued support and referrals.

Posted in:General

Posted by Jim Merrill on February 1st, 2018 2:53 PM

My New Blog

Breaking News - New Products and Process

Recent Posts:

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog: