Is Traditional Pre Approval Worthless?

irregular preapproval is basically of a letter that is issued by a loan officer at the bank. It's not worth the papers printed on because people can have a pre approval letter and still get declined once they get into contract for a house to buy. Having a fully under written pre approval gives you all the work done up front, so you know exactly what the lender wants to see to close. The onlyper othat can issue a lone commitment on behalf of a bank is an underwriter.