{"id":7755,"date":"2019-09-26T15:12:10","date_gmt":"2019-09-26T19:12:10","guid":{"rendered":"https:\/\/www.teranet.ca\/insights\/mortgage-due-diligence-do-not-commit-to-a-deal-until-you-do-this-one-thing\/"},"modified":"2022-05-13T12:17:49","modified_gmt":"2022-05-13T16:17:49","slug":"mortgage-due-diligence-do-not-commit-to-a-deal-until-you-do-this-one-thing","status":"publish","type":"post","link":"https:\/\/www.teranet.ca\/fr\/insights\/mortgage-due-diligence-do-not-commit-to-a-deal-until-you-do-this-one-thing\/","title":{"rendered":"Mortgage Due Diligence: Do Not Commit to a Deal Until You Do This One Thing"},"content":{"rendered":"<p>The traditional method of mortgage underwriting has been as follows:<\/p>\n<ul>\n<li>A client comes in.<\/li>\n<li>The broker commits to a deal.<\/li>\n<li>The deal is underway, and a lender partner is involved.<\/li>\n<li>A full property appraisal is ordered.<\/li>\n<\/ul>\n<p>And then one of two things can happen \u2014 the property value is either as expected or it is not.<\/p>\n<p>If the value is lower than expected, then this has meant that the broker\u2019s time, the lender\u2019s time, and the client\u2019s time have all been wasted. If the value is higher than expected, an upsell opportunity may have been missed.<\/p>\n<p>There is a better method.<\/p>\n<p>Close more deals starting at the mortgage application stage. Find out how on the Purview blog: <a href=\"https:\/\/www.purview.ca\/no-property-value-no-deal-mortgage-due-diligence\/\">https:\/\/www.purview.ca\/no-property-value-no-deal-mortgage-due-diligence\/<\/a><\/p>\n<p>Purview is just one of Teranet\u2019s Financial Services Solutions; stay tuned for our upcoming portfolio unveiling!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The traditional method of mortgage underwriting has been as follows: A client comes in. The broker commits to a deal. The deal is underway, and a lender partner is involved&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":4723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[119],"tags":[],"class_list":["post-7755","post","type-post","status-publish","format-standard","has-post-thumbnail","category-financial-solutions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mortgage Due Diligence: Do Not Commit to a Deal Until You Do This One Thing - Teranet<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.teranet.ca\/insights\/mortgage-due-diligence-do-not-commit-to-a-deal-until-you-do-this-one-thing\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage Due Diligence: Do Not Commit to a Deal Until You Do This One Thing\" \/>\n<meta property=\"og:description\" content=\"The traditional method of mortgage underwriting has been as follows: A client comes in. 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