So you are trying to purchase a home and now all you have to do is close your loan. But when you stumble upon that place, whose fault is it you're your loan does not close and you don't get your home? There are two sides and they are the loan officer doing the loan and the Realtor with the transaction. When it comes to the client getting the loan, it's the loan officer's fault that you did not get your home loan. They might have probably said that it was the underwriter fault, but that might not be the case.What is that someone should expect when working with a Real estate agent or a loan officer?

Going bad or going south is not what loans should really be doing. Knowing what the guidelines are constitutes the starting of the process. As well as never over promising on something that cannot be delivered. But the reality is there are some loan officers who are ready to promise the entire world to get business. There are loan officers that will issue Pre-approval letters to Real Estate agents. Sometimes no one is turly sure as to whether the client is approved for any kind of financing.They think that once we come to the bridge, we can cross it. So loan officers do "approve" folks even if they are not really approved IT DOES NOT MATTER IF THEY ARE A DIRECT LENDER OR A BROKER, approvals can come from anyone.When things go wrong usually the blame is placed on the underwriter for doing it.

Sometimes there is a situation where the Real Estate agents demand that their clients get "approved" immediately. Or they will stop sending that loan officer any clients and they will make sure everyone in their office does the same. So the loan officer is forced to issue the pre-approvals faster due to their black mailing. Just so that they can starting sending in offers on properties regardless are only creating a mess of things.There is no industry with no unsavory people. So many people have entered the business in the last 5 years that there are more of them now than ever. Until the requirements become more difficult to become a Real Estate agent. To lessen the amount of unsavory people that enter the business it will have to be something that you will just have to keep in mind, and beware of when dealing with agents.

There surely are underwriters who are non cooperative and put conditions on loans. That just make you think "what world is this person from ". It does happen and some crazy stuff may require someone to appeal those conditions, but in the end if the loan is solid it should get closed. So what is it that you should expect from a loan officer?? What to know whether this situation that you are being put in is going to be more like a roller coaster ride? Because someone has hopes on cashing in on a possible commission whether it be your loan officer or Real Estate agent.

The best option is someone who has been long term in the business. There is something to be said about longevity and reputation. Also, try to find someone who does real estate or loans as a full time job. For them, it is not a hobby or extra income, but their career. Is someone who does it part time good enough for you to trust your biggest investment to him. Lastly, make sure to ask if anyone has used that person before. Either your real estate agent or your loan officer should be able to explain the process to you. You status on the process should be the same. Should be able to give you the positive side as well as the negative. But you should never feel like you have to do something or pressured into doing something.