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When an individual applies for a loan from a mortgage lender, he has to submit many documents such as his/ her credit history, income proof etc. All these documents and data get sent to the credit analyst, who takes the final call, whether to approve the loan or not. Do you know what do these credits analysts examine before arriving at the final decision? These are the five C’s, viz, Character, Conditions, Capital, Capacity, and…

Loan officers had a quite roller coaster ride over the last few years due to factors that disrupted the global economy. Post-pandemic, mortgage loan originators started to capitalize on refinancing demands. It was their chance to compensate for the economic losses brought about by the Covid 19 pandemic.   Cut to 2022 and inflation is here. The Federal Reserve announced a 75-basis point interest rate hike to tame inflation. It resulted in a subsequent dip in…