Homeownership is an exciting experience, especially for new homeowners. Use these tips to keep your new property in tip-top shape and to help avoid costly repairs down the road.
• As the saying goes, prevention is better than cure. So before you close the deal on your new home, be sure to request a complete inspection and help avoid expensive repairs from sneaking up on you.
• Trim branches and inspect above your roof. Weak branches can cause significant damage to your roof and could even pose a safety issue if they fall on power lines or fall through the roof.
• An HVAC unit that conks out during a hot summer or a cold winter is a major inconvenience and could be unsafe if it happens during severe weather. Call a trusted HVAC contractor to perform maintenance tasks to keep your HVAC unit in perfect working condition all year round.
• Gutters control the flow of rainwater on your house and protect your roof, siding, and foundation, so you'll want to keep them clear. Clogged gutters can eventually cause a leaky roof and allow water to infiltrate your house.
• Check your smoke alarm and carbon monoxide detectors and change their batteries once a year.
Specialized VA Knowledge
VA loans have unique requirements (COE, residual income, funding fee calculations, appraisal requirements).
A contract processor experienced in VA loans can spot potential issues early and streamline the process.
Cost Savings for Lenders
No need to hire full-time staff; processors are paid per file.
Helps smaller brokerages or lenders manage fluctuating loan volumes without carrying extra payroll.
Faster Turn Times
Contract processors often work remotely and are paid per closed file, so they’re incentivized to move loans quickly.
They can push COE requests, follow up on VA appraisals, and ensure VA-specific forms (26-1880, 26-8923) are completed on time.
Compliance & Accuracy
VA has strict guidelines (e.g., allowable fees, seller concessions, and veteran protections).
A skilled processor reduces risk of compliance errors that could lead to loan buybacks or funding delays.
Scalability
During high volume seasons (e.g., rate drops, PCS military moves), lenders can bring on extra processors quickly without long-term HR commitments.
Reduced Loan Officer Burden
Lets LOs focus on originating, networking, and serving clients while the processor handles gathering DD-214s, income docs, pest inspection reports (if required), and underwriting conditions.
Improved Borrower Experience
Veterans and active-duty borrowers often value clear communication and speed.
A processor who knows the VA process can anticipate documentation needs and prevent last-minute surprises.
👉 In short: Contract processors help lenders stay lean, compliant, and efficient, while ensuring veterans have a smoother experience.