Pre-Approved mortgage

This is purely speculation based on my experience - Once I issue a preapproval the things that most likely would cause an underwriter to deny are - 1) the info provided in the application could not be fully documented - or the applicant tried to lie or hide something that comes out in the process. Even more common 2) there is an issue with the property - it doesnt meet the standards needed for the loan program - outside of that 3) something shows up if a repull of credit is done - There really could be a number of things - I can honestly say that this is something that rarely happens - these days if I can get an automated approval and document everything 99% of the loans will close and fund.

Brian Barnes
ENG lending
Nationwide Lender