Manual underwriting remains a key part of the mortgage approval process when borrowers fall outside the parameters of automated underwriting systems (AUS)—such as those with
As mortgage lending practices continue to change, the need for accurate property valuations has never been more important. To reduce risk and maintain sound lending
Business agreements can cover a wide range of transactions—from real estate deals to corporate mergers. In every case, the parties involved seek assurances that the
Securing an FHA loan requires careful adherence to specific income guidelines, which can evolve. Staying informed about these changes is critical for both lenders and
FHA Income Updates – April 2025 Some changes are coming to FHA income analysis! Starting April 10, 2025, new changes outlined in the FHA 4000.1
Self-employment is great, but it can make the mortgage application process somewhat challenging. The good news is that Form 91 by Freddie Mac can simplify
For lenders and underwriters, evaluating self-employed borrower income is one of the most complex parts of mortgage origination. Fannie Mae’s Form 1084 is a standardized
How to determine variable pay from a paystub When reviewing a borrower’s paystubs, you’ll quickly notice that payroll providers often use different formats and terminology,
Determining income for union workers comes with unique challenges. Unlike conventional employment, these workers typically take on a series of short-term assignments. They don’t job-hop
Variable income is the leading cause of income calculation issues for most lenders. Variable income is generally categorized into the following classes as outlined in
How do I gross up non-taxable income? Non-taxable income refers to earnings exempt from income taxes. Common examples include child support, alimony, Social Security income,
What if my borrower changes tax filing status? Business owners often change their business entity type as their enterprise evolves. For example, a business may
Travel nurses play a vital role in the healthcare industry by taking on temporary assignments through staffing agencies. These assignments can be local, national, or
Detroit, July 22, 2024 – Blueprint Solutions, the creators of the innovative mortgage income analysis software IncomeXpert and IncomeXpert PLUS, is thrilled to announce a
Happy New Year 2024 from the Blueprint Team, and welcome to our Zone Of Confusion Blog PART TWO. Posting these blogs has become a tradition
