Real-Estate Transaction Personnel

Who’s Who in Your Home Buying Team 🏡

Buying a home involves several key professionals who work together to help you reach the closing table. Here’s a quick overview of who they are and what they do for you:

✅ Mortgage Loan Originator (MLO)

Your loan guide. Helps you choose the right mortgage, makes sure it follows the rules, and works with you in good faith to get your loan approved.

✅ Realtor

Your home expert. Helps you buy or sell a home, negotiates the deal, and gets paid by the seller when the sale closes.

✅ Processor

Your paperwork organizer. Collects and reviews your documents (like pay stubs and tax returns) to make sure everything is ready for the lender.

✅ Closing Attorney

Your legal safeguard. Reviews contracts, checks the property title, oversees the transfer of money, and makes sure everything is legal and accurate at closing.

✅ Underwriter (a.k.a. The Gatekeeper)

Your final approval checker. Reviews your credit, income, debt, savings, and the home’s value to ensure you can afford the loan.

✨ Together, this team makes sure your home buying journey is smooth, safe, and successful!

Things to know

• Credit History: Credit score, payment history, bankruptcies.

• Appraisal: Ensuring the home’s value matches the loan amount.

• Income & Employment: Verifying job stability and income.

• Debt-to-Income Ratio (DTI): Making sure debts are manageable.

• Down Payment & Savings: Confirming funds for the down payment and overall financial stability.