Fannie Mae’s Form 1007, formally known as the Single-Family Comparable Rent Schedule, is a vital document in the appraisal process for investment properties, particularly one-unit
As a lender, the mortgage underwriting process is one of the key components of your lending operations. If you’re making loans for home purchases, refinancing
Assessing borrowers with substantial accessible liquid assets but limited recurring income can present unique underwriting challenges. Fannie Mae’s asset depletion program offers lenders a way
Artificial intelligence (AI) is dramatically changing how we do our daily work, but what is the right use for mortgage lending? AI and Machine Learning
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
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
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 presents unique challenges in mortgage underwriting due to its fluctuating nature. Unlike fixed salaries, this type of income can vary over time, making
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,
Detroit, July 22, 2024 – Blueprint Solutions, the creators of the innovative mortgage income analysis software IncomeXpert and IncomeXpert PLUS, is thrilled to announce a
Securing a mortgage for your borrower is exciting, but sometimes, you might find your borrower is on the edge of qualification. Imagine helping your borrower
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
