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

Calculating K-1 income for self employed K-1 income for self-employed borrowers is one of the most common questions we receive. We understand—it’s complicated. As mortgage

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

When January rolls around we often see encouraging messages, stories, tweets, or other social media posts encouraging us as we cross into the new year. 

Working in the mortgage business means you get a little more involved in your clients life then the typical financial transaction. Speaking for myself, that

October brings us into another fall season, with that comes a change in temperatures, your favorite football team may or may not be your favorite

COVID 19 continues to create challenges with determining income for borrowers with more complex pay types such as self employment. The most common questions for

We live in a world where we have many safety features preventing catastrophe’s, such as child locks on car doors or windows.  They can sometimes

Most of us have yearly traditions, for example I completed my second year of spending New Years Eve in Florida versus good old snowy Michigan!