I've noticed the same vague explanations lately, and honestly, it feels like lenders are juggling more than they can handle. But I'm wondering—could this also be related to tighter underwriting guidelines or new compliance checks slowing things down behind the scenes? I recently had a client whose application sailed through in less than two weeks at one lender, while another client's similar profile got stuck in limbo elsewhere. Makes me think it's not purely staffing or volume but maybe internal processes and risk assessments too. Curious if anyone else has noticed certain types of loans or borrower profiles moving quicker through the pipeline than others...
I've noticed something similar lately—seems like conventional loans with straightforward employment histories breeze through quicker. Anything slightly unusual, like self-employed or freelance income, seems to trigger extra scrutiny and delays...definitely feels like internal risk assessments at play.
I've definitely seen this happen more times than I'd like to admit. Had a client recently who freelances as a graphic designer—great income, solid credit, but you'd think we were trying to finance a spaceship with all the extra paperwork they asked for. Makes me wonder if lenders are just overly cautious these days or if their systems aren't quite caught up with modern employment trends... Have you noticed if certain lenders handle unconventional income better than others?
"you'd think we were trying to finance a spaceship with all the extra paperwork they asked for."
Haha, exactly my thoughts. Honestly, lenders seem stuck in the past when it comes to freelancers or gig workers. I've noticed smaller, local banks or credit unions sometimes handle unconventional income better—they're more flexible and actually look at your situation individually. Big banks often rely heavily on automated systems that flag anything remotely "unusual." Might be worth checking out a smaller lender next time...could save you from another spaceship launch scenario.
Haha, the spaceship analogy is spot-on. I remember one client who was a freelance graphic designer—great income, solid credit—but the lender practically wanted proof of his kindergarten attendance. Smaller banks definitely seem more willing to actually listen and understand unique situations. Big lenders sometimes forget that not everyone fits neatly into their boxes...guess that's why it feels like rocket science when it really shouldn't.
