{"id":15216,"date":"2019-04-08T12:31:41","date_gmt":"2019-04-08T12:31:41","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=15216"},"modified":"2019-04-08T12:31:49","modified_gmt":"2019-04-08T12:31:49","slug":"self-employed-loan-approvals-just-got-easier","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/self-employed-loan-approvals-just-got-easier\/","title":{"rendered":"Self Employed Loan Approvals Just got Easier."},"content":{"rendered":"

Self Employed Loan Approvals Just got Easier.<\/h2>\n
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The two largest sources of mortgage money in the United States want self-employed loan shoppers to know that their\u00a0chances of getting a home loan approved have increased.<\/p>\n

Fannie Mae and Freddie Mac have rolled out<\/a> automated underwriting technology for lenders that take a lot of the guesswork and risk out of the approval process for mortgage applications of the self-employed.<\/p>\n

One of the reasons lenders have been reluctant to approve loans if you\u2019re self-employed is because it\u2019s expensive, time-consuming, and labor-intensive to gather and analyze the paperwork needed to verify your income and gauge your risk. It\u2019s\u00a0much easier and profitable to process applications of wage or salaried employees who get a W-2 issued by their employer.<\/p>\n

But this\u00a0new technology, incorporated into the companies\u2019\u00a0automated underwriting systems, enables lenders to analyze the paperwork quickly and accurately so they can come to a decision in a fraction of the time it used to take and with far less speculation involved.<\/p>\n

The process potentially increases efficiency so much that even small community banks in rural areas can find it cost-effective to consider loan applications that before they might have passed on.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\"Self<\/a>

Self Employed Loan Approvals Just got Easier.<\/p><\/div>\n

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No process is perfect and there\u2019s bound to be problems as glitches are worked out, but the new procedures show Fannie and Freddie are trying to remove some of the friction self-employed homebuyers face.<\/p>\n

The new underwriting is a top story in the latest Voice for Real Estate<\/a> news video from NAR.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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Fannie Mae<\/a> and Freddie Mac<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Self Employed Loan Approvals Just got Easier. The two largest sources of mortgage money in the United States want self-employed loan shoppers to know that their\u00a0chances of getting a home loan approved have increased. Fannie Mae and Freddie Mac have rolled out automated underwriting technology for lenders that take a lot of the guesswork and … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-15216","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nSelf Employed Loan Approvals Just got Easier. - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/self-employed-loan-approvals-just-got-easier\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/self-employed-loan-approvals-just-got-easier\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/self-employed-loan-approvals-just-got-easier\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Self Employed Loan Approvals Just got Easier.\",\"datePublished\":\"2019-04-08T12:31:41+00:00\",\"dateModified\":\"2019-04-08T12:31:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/self-employed-loan-approvals-just-got-easier\\\/\"},\"wordCount\":282,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/self-employed-loan-approvals-just-got-easier\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/04082019.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/self-employed-loan-approvals-just-got-easier\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/self-employed-loan-approvals-just-got-easier\\\/\",\"name\":\"Self Employed Loan Approvals Just got Easier. - 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