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.
The Mortgage Maestro Group
@ Summit Mortgage