OK - let's back up. Are you talking about a true preapproval in which you gather verification documents, run credit, etc. and provide them a conditional commitment letter? Or are we talking of just a prequalification and them providing you basic information and you telling them - sure, if your property appraises for at least $XX and all the other stars align it looks like you might qualify for $XX? And you did not answer one of my questions regarding when are you issuing Loan Estimates on these transactions?
_________________________
The opinions expressed here should not be construed to be those of my employer:
PPDocs.com