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VA Buyer approved – And why credit disputes are important to watch

VA Buyer approved – And why credit disputes are important to watch


So I have been working with a buyer on their VA application. They had numerous accounts in dispute on their credit report. The challenge that this creates is that the underwriting engines can’t read your credit as “valid”, it can kick you out as a “refer”. Now this doesn’t mean we can’t help you. But it does mean more documentation and paperwork for you.

So this client chose to put in to have all of their disputes removed. Today was go day! and low and behold all disputes are removed and we have an approval. So this will mean less paperwork and an easier time with the underwriters for this client.

Sound advice is important when you select your lender. Make sure they “get it”. And watch those disputes on your credit. Not to say don’t, but I am saying to be very mindful and get professional advice before blindly disputing information on your credit.

If you have any questions please don’t hesitate to contact us, we are always here to help.

Be Well~

Ray Williams
Branch Manager
The Mortgage Maestro Group
@ Summit Mortgage

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Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.

387 N Corona St #646, Denver, CO 80218.

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Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

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