Understanding Roles in the Home Mortgage Financing Process

Other people involved in the equation include the real estate appraiser and the real estate agent

. The appraiser helps analyze and determine the value of the property. The appraisal will review the physical details of the property (i.e. size, rooms, age) and research comparable properties which have sold close to the subject property. It is the job of the appraiser to provide an independent opinion on the value of a home. With a majority of home purchases there are real estate agents involved. Real estate professionals often recommend several mortgage professionals whom they have worked with they believe have a proven track record. The real estate agent typically stays in touch with the loan officer and the borrower to make sure than the process is proceeding smoothly.

Understanding Roles in the Home Mortgage Financing Process

By: Nat Criss

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