In fact, the opposite is generally more accurate. If not, the loan originator will generally be able to tell you exactly what documentation would be required to process the loan application. That way, you won't waste time gathering unnecessary information and documentation. Either way, you will have direct and immediate contact with your loan originator. There is a lot to be said for the convenience of being able to apply for a mortgage from anywhere at any time.
Online lenders offer that convenience.
At CMLA, we represent all types of mortgage lenders. Some of our members have invested time and money in developing online lending systems. Generally, those member lenders have learned the same or similar lessons regarding the comparisons we've made here. Our more successful online lender members have generally learned to use the Internet as a convenient alternative business gateway for customers who prefer web-based communications. We strongly encourage you to use all the resources available to you in order to make the best financing decisions for you .