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[Music] hi my name is alex carlocchi with gus and show associates i want to talk to you because about question i got i'm answering today do underwriters want to close loans that's the question it seems like they don't sometimes but let me explain how the process works so people can understand i get a lot of questions on this i thought this was a good time to address it so the job of a loan officer is to get all your docs analyze you from their best experience look at all the stuff that they possibly can and give you with a high probability that an underwriter will see the same thing that they saw and approve you so the loan officer that pre-approves you and writes the pre-approval letter doesn't make the decision on the loan and isn't responsible for approving or denying you so it has to go to an underwriter and that underwriter isn't there to deny you they want to approve you but they have to do their due diligence they have a license and their license is protected only by their quality of their work so if they have buybacks which means if their loan went to they go to sell it to fha or to va or to whoever they're selling it to and they say we don't like this you guys didn't ask for this document and this document would have denied this loan so they have to ask for things and ask for things so the more complicated your file is the more things they're going to ask for and dig into if you have irs liens and judgments and credit rates and you know lots of mortgage lates and cash deposits and weird income they're going to be hard on your file and it's going to appear to you that they're going to they're terrorizing you and they don't want to close it but they are just making sure they have all the paperwork just right where someone's going to say that you know i'll buy this loan because you asked for this because you saw this and you asked for that because you saw that so there's things that they have to go through kind of a checklist and that's what they're doing to you they're not trying to deny your loan but if you have a complicated file again you are going to be asked for a lot of pieces of paper and sometimes you're not going to get exactly what the underwriter is asking for because there's specific documents that they need and it's going to seem like they're trying to deny your loan and they're not now if they get to the brick wall where they can't approve it like oh we found this judgment for a hundred grand do you have a hundred grand to pay it off no that we can't close you up so there's brick walls where they have to deny...