Tanner Cook
Mortgage Loan Originator · NMLS #2090424(opens in a new tab)
Cornerstone First Mortgage, LLC · NMLS #173855(opens in a new tab)
About Tanner
Tanner Cook is a mortgage loan originator (NMLS #2090424) at Cornerstone First Mortgage, LLC (NMLS #173855). He focuses on second looks for buyers whose pre-approval was denied, reduced or stalled, including self-employed and 1099 income, ITIN borrowers, investors and deals already under contract.
Tanner works the files other lenders turned down or let stall: self-employed and 1099 income, ITIN borrowers, investors, tight debt-to-income, condos, and deals with a closing date on the line. He finds out exactly why the answer was no, checks the file against the agency and non-QM guidelines Cornerstone can underwrite in-house, and tells buyers and their agents straight whether it can be saved.
Specialties
- Second looks after a denial
- Non-QM & alternative income documentation
- Saving deals under contract
Options Tanner uses most on a second look
Licensing and contact
Licensing
Tanner Cook, NMLS #2090424
Verify license states on NMLS Consumer Access(opens in a new tab)Cornerstone First Mortgage, LLC, NMLS #173855
Company record on NMLS Consumer Access(opens in a new tab)Cornerstone First Mortgage, LLC is an Equal Housing Opportunity Lender. See Disclosures & Licensing.
Profiles and reviews
4.89 average from 45 reviews of Tanner Cook on Experience.com
Guides by Tanner Cook
7 guides written by Tanner on mortgage denials, underwriting and saving deals.
- For AgentsWhen a Buyer's Financing Falls Apart: An Agent's PlaybookFor agents: what to ask a buyer whose loan is failing, what to send a second-look lender, how to manage the timeline, and when to line up a backup lender.
- Loan OptionsMortgage Options After a Denial: How Non-QM Loans WorkDenied for a conventional or FHA loan? How non-QM loans work: bank statement, P&L, 1099, WVOE, asset-based, DSCR and ITIN programs, and the trade-offs.
- After a DenialCan You Switch Mortgage Lenders While Under Contract?Yes, but it restarts part of the process: a new application, new disclosures, new underwriting and an appraisal that may not transfer. How to do it safely.
- After a DenialDenied in Underwriting After Pre-Approval: Why It HappensWhy loans get denied in underwriting after pre-approval, from income and new debt to appraisals, condos and overlays, and what can change the answer.
- How Qualifying WorksWhat Is a Lender Overlay? Why One Lender Says NoAn overlay is a lender's own rule on top of the agency or investor guideline. How overlays work, how to spot one in a denial, and why another lender may differ.
- How Qualifying WorksPre-Qual vs. Pre-Approval vs. Underwritten ApprovalLenders use these terms differently. What each step really checks, why a pre-approval can still fall apart, and when an underwritten (TBD) approval is worth it.
- After a DenialPre-Approval Denied? What to Do in the Next 48 HoursPre-approval denied? What to do in the first 48 hours: get the written reasons, stop applying everywhere, gather documents and get a second look.
Non-QM programs require alternative income documentation. All loans are subject to underwriting approval, income/asset verification, appraisal, and an ability-to-repay determination. Not all applicants will qualify. Program availability and guidelines are subject to change without notice.