Janice Weathington

last updated 12/27/2017

Janice Weathington

Broker Associate at CENTURY 21 Pro-Team

Location:
1999 W. Galena Blvd., Aurora, Illinois, United States
HQ Phone:
(630) 897-4114

General Information

Experience

Broker Associate - Keller Williams Preferred Realty

Weekend Coordinator - Skadden , Arps , Slate , Meagher & Flom LLP

Recent News  

Selling a Home - Century 21 Affiliated

Janice Weathington, Century 21 Affiliated
Janice Weathington Office: 708-957-1199

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Century 21 Affiliated - Homewood IL

Janice Weathington, Century 21 Affiliated
Janice Weathington Office: 708-957-1199 Send Email to Janice Weathington

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http://www.illinoisrealtor.org/node/3144

Janice Weathington
Janice Weathington has seen firsthand how tighter lending standards are affecting the homebuyers that she works with, many of whom are going through the process for the first time. "All of the back and forth is definitely challenging for my clients," says Weathington, a broker-associate with Century 21 Pro-Team in Homewood. She takes an educational stance when working with her high volume of first-time homebuyers. That means telling them from the beginning the mortgage application process will be rigorous and that they should be ready to produce reams of documentation - sometimes repeatedly. "There are definitely more hoops to jump through and more stringent lending requirements to contend with," says Weathington. "You really never know what to expect." Weathington says buyers can quickly become frustrated with the extensive documentation requests from lenders. Equally as diligent, the loan underwriters add to the frustration by requesting updated bank statements, paycheck stubs and other documentation before issuing final approvals. In some cases even the most cooperative homebuyer can't successfully navigate the new mortgage lending dynamic. Recently, for example, Weathington worked with a couple that had already moved out of a rented apartment and into a hotel in anticipation of a specific closing date. A red flag went up when the lender started asking for more documentation just a couple of weeks ahead of that date. After making repeated calls to the lender, Weathington learned that internal, organizational changes at the company were to blame. "By the time we found out what the issue was it was too late to change lenders," says Weathington, who cautions other agents to only work with reputable lenders who have proven track records and to also stay in constant communication with them throughout the entire sales process.

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