Loan approval
It is important for the buyer to understand that when the lender says he is approved for a loan, there are always conditions. An example of a condition is verbal verification of employment before closing. This is to ensure that the borrower did not lose his job or changes jobs midway. Another condition may be appraisal of the property. You can also expect some other detail that the lender decides to check on prior to closing. Do not be frustrated when the lender asks you for more documentation even after the loan is approved. Sometimes you just have to go through the hoops.