What loan officers, processors, and underwriters do for you.
Architects. Builders. Flooring specialists, Movers. Landscapers. Loan Officers. And more! There are so many people to keep track of and communicate with when you’re building a house. Get to know what each member of your mortgage team does to help you get the loan you need:
Unfortunately, there are some pretty sophisticated scams that prey on homebuyers. One of the biggest is real estate wire fraud, which typically occurs as you’re about to cross the finish line and are excited about wrapping up the mortgage process. If your instincts tell you something isn’t quite right, you can always reach out to your loan officer to make sure the request is legitimate.
We look forward to being a part of your home construction experience! Call us today to learn how we partner with our clients.
- Your Loan Officer is the person you’ll have the most contact with, starting from the very beginning when they help you choose which loan is best suited to your needs. At KBHS, we have loan officers who understand the unique details that accompany a relocation.
- The Loan Processor organizes and handles all “paperwork” needed for the underwriter. Once again, most of this is now digital content, but the job is still the same. They look at your credit report to make sure that details are available to clarify any potential issues, such as errors or late payments.
- The Underwriter is responsible for determining if you meet the loan qualifications after receiving the documentation from the processor. They look at the 3 Cs, which are: Credit, Capacity, and Collateral.
Protect yourself from financial fraudsters
Although the majority of our communication will come through KBHS Digital, you might still get a call or email from a KBHS processor. Even though it’s probably legitimate, you can call your loan officer to make sure it truly is someone from KBHS, or you can tell the caller that you’ll call them back. You should use the official contact information on our website or that you’ve received directly from a member of our team.Unfortunately, there are some pretty sophisticated scams that prey on homebuyers. One of the biggest is real estate wire fraud, which typically occurs as you’re about to cross the finish line and are excited about wrapping up the mortgage process. If your instincts tell you something isn’t quite right, you can always reach out to your loan officer to make sure the request is legitimate.
We look forward to being a part of your home construction experience! Call us today to learn how we partner with our clients.