Bringing Certainty to the Mortgage Process

Bringing Certainty to the Mortgage Process

One day approvals are real!

The process of getting approved for a mortgage can be very stressful for a borrower in the best of circumstances.  Until a formal approval has been issued, everyone involved in the process (agents, buyer, seller, and even the loan officer) is collectively holding their breath for underwriter’s anticipated “APPROVED”.

Fortunately, we can all exhale now that we have Day One Certainty.  Day One Certainty is Fannie Mae’s new process that saves paperwork, time, and – most importantly – approves the buyer upfront for conventional loans!  Yes, it is now possible to get an approval upfront on a conventional loan without having to go through the traditional underwriting process that has slowed down the mortgage process for decades. 

We love our underwriters, don’t get us wrong, and they now have a solid approval that they can streamline their process with as well.  Day One Certainty leverages data already at our disposal to automatically verify income, assets, and employment history.  In addition, certain loans are eligible for an appraisal waiver – speeding the process up more and saving the borrower the expense of an appraisal. 

Agents, with our new tool at your disposal, you can provide added assurance when presenting an offer that the buyer has been preapproved. 

The Easterbrook Team

916.850.6050 EasterbrookTeam@spmc.com https://homeloanworkshop.org/