Loan Process
Who actually approves the loan?
Context
Borrowers sometimes assume the broker they are talking to is the one approving the loan.
The short answer
The lender — not the broker — makes the final credit decision.
Things to keep in mind
DMF prepares and packages the loan file, compares offers across our lender network, and advocates for the borrower throughout underwriting, but the credit decision itself rests with the lender.
Next step
Contact DMF to start packaging your file for lender review.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners by shopping your purchase or refinance file across multiple wholesale lenders — not a single bank's product menu.
Davis Monroe Financial, LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.