On Wireless Devices. Announces Certification of Cell Phone and Palm VIIxT Check Processing System.
Car loans are easy.
Securing a mortgage on a house, on the other hand, is a drawn-out process that requires the borrower to work with up to 13 agencies, from the Realtor and banker to home inspectors, insurance agents and lawyers. Typically, a mortgage takes 30 to 40 days to work out all the details, with charges and fees every step of the way. Then the Realtor has to wait until they hear back about the loan qualification. That way, the Realtor knows if the client is approved, or help them work out certain conditions. For the borrower, they're replacing two or three loan officers with a single contact person.