As more and more people pursue a side hustle to supplement their income, one smart investment option that many people are diving into is the

New Year’s  is an interesting holiday to me. It is the only holiday that seems to prompt the most change in people’s lives. When you

When I was in the Army, getting instructions from Army manuals or from higher ranks was often “clear as mud,” meaning that even though you

ACES reports income errors lead loan defect reasons 11th straight quarter When I write a blog headline, I try to balance the blog name between

The effects of COVID-19 are still being felt in the economy in many ways, like housing shortages, missing chips to sell new cars, and getting

One of the lessons I learned during my underwriting career is that the most likely reason a borrower defaults is due to their DTI ratio

Freddie Mac Bulletin 2022-18 offers new method of income calculations for 1099 borrowers. The United States is looking at earning income much differently than it

FHA has recently amended their guidelines to allow more flexibility to calculate income for borrowers whose variable income was affected by the COVID 19 pandemic

When completing income analysis for self employed borrowers there are a few key steps that must be followed.  A liquidity test must be performed before

K-1 income for self employed borrowers is one of the most asked questions we receive in our inbox. We understand, it’s complicated, and to be

Our managing director Michael Whitbeck was invited on the Lykken on Lending podcast with LenderTool Kit’s Brent Elmer to talk about the importance of Verified

On December 27, 2020 the IRS announced a two-year exception as part of the Consolidated Appropriations Act that impacts the meals and entertainment deduction rule

This time of the year we all have an important to-do list item…. tax preparation.  I try to make sure I turn in my numbers

As a person that has worked, trained, and mentored in the mortgage underwriting world for 27 years, I definitely guessed the profit and loss situation