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Updated over 3 years ago on . Most recent reply

Manley Seale's profile image
Manley Seale's profile image
Manley Seale
  • Member since Apr 5, 2021
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18
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Manley Seale's profile image
Manley Seale's profile image
Manley Seale
  • Member since Apr 5, 2021
Connect
Manley Seale
5
Votes |
18
Posts
Creative Real Estate Financing

Two or more Lenders Underwriting at the same time. Pros/Cons

Manley Seale
Posted

HI there. I tried to search this question and didn't have any luck. Are there any issues to giving two or more lenders the go ahead to underwrite a loan proposal simultaneously? To clarify, if I have two or more lenders who have given me pre-approval and a LOI on terms, are there any drawbacks to giving them both the greenlight to move forward to underwriting at the same time?


Thanks!

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