Have your clients ever wished they had a little bit of extra time to get their affairs in order before they needed to get their application through?
On select cases, we can assess criteria on completion rather than application. This means we will manually override the DIP and assess your client’s profile from the completion date rather than the day you submit the application; allowing clients this extra time could help them qualify for a mortgage with Bluestone.
The situation:
A broker contacted us mid-application after their client revealed a recent job change. Since the client had only been in the role for a few weeks, she no longer met our criteria – 3 months’ employment in current role.
The solution:
Our BDM advised that we could offer on the case using the new employment contract and imminent payslip, and that we can delay completion by 2 months, so the client still qualifies for a mortgage.
By assessing the client’s criteria based on their completion date, we enabled the case to proceed to completion, showing just one way how criteria on completion can help your clients achieve their homeownership goals.
Let’s give credit, where credit is due.
Think we can help one of your clients?