23 Mar Update from Angel Oak Home Loans
We are living in unprecedented times as this pandemic causes turmoil in the financial markets. I would like our customers and referral partners to know that Angel Oak Home Loans is moving full-steam ahead and closing loans as quickly as possible.
As the loan process is constantly changing, Angel Oak Home Loans is currently operating with the following process improvements:
- Our employees have shifted to a 100% work from home model
- Accepting “drive-by” appraisals as per Fannie Mae’s recent guidelines
- Accepting lender’s policies of title insurance written on the 2006 ALTA loan title insurance form or a local equivalent which includes “gap coverage” for matters arising between the loan closing date and the mortgage recording date
If you have any questions, please contact your licensed mortgage advisor. They stand ready to assist you with any lending questions or scenarios.
Please know we value your business and support as we navigate during these challenging times. I wish good health to you and your families.