Recent Mortgage News
AAXY Katy office is open!
Our Katy office is located on 830 Mason Rd STE A5, Katy TX 77450. If you would like to work with a local company or loan originator, please contact us and setup an appointment with us at our Katy location.
Lenders Be Aware of These New Fraud Schemes in California
Fannie Mae issues fraud alert for Los Angeles area The company’s Mortgage Fraud Program identified 34 “employers” listed on loan applications from Southern California and Los Angeles County whose existence it could not confirm. The following is the list of possibly fake employers, updated as of May 22, 2018. https://www.housingwire.com/articles/43561-lenders-beware-of-these-new-fraud-schemes-in-california
Conditional Qualification and Conditional Approval, or Pre-Qualification Letter and Pre-Approval Letter
Understand what is Pre Qualification or Pre Approval Different companies may have different definition of these terms. We define as: Pre Qualification is an initial review of a borrower (or borrowers) credit (usually with a one bureau soft pull report as not affect the borrower’s credit score). We still like to collect borrowers’ income, asset, […]