Condo Review… Step by Step
For those of us who have worked in the mortgage industry long enough to become comfortable and familiar with all the jargon and acronyms, it
February 28, 2019
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Blog
2018 Tax Reform and Alimony Income Calculations
Our last blog we talked about how the changes to the 2018 1040 tax form affected mortgage underwriting requirements. The key topic in that blog was that mortgage calculations
February 19, 2019
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2018 Tax Reform Act & Mortgage Underwriting
I know if you are in the mortgage business and clicked this link you’re wondering how you’re affected by the changes to the 2018 1040 form, not
February 6, 2019
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AGI vs SAM Income Calculation Methods
One great thing about being involved with UberWriter is the chance to discuss different topics with mortgage professionals from different positions and companies. This allows
January 9, 2019
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Unreimbursed Business Expenses change from FNMA
When people ask me about my career in the mortgage business as an underwriter, the questions comes up “well what do you actually do?”. The
December 13, 2018
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Underwriting bad habit costs thousands in revenue
One of the quotes I try to live by when developing content is: “If you can’t explain simply, you don’t understand it well enough” –
November 28, 2018
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Two questions to ask if using business assets
When I am teaching about underwriting topics, Allregs makes some guidelines very clear which leaves no room for any grey area. Then there are those
November 14, 2018
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Employment related assets guideline
Today’s blog goes over one of the updates announced in SEL 2018-08 by Fannie Mae. I want to focus on the improvements for a borrower
October 25, 2018
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Home Possible Streamlined & Improved by Freddie Mac
The MBA projects that mortgage volume will be about 1.8 Trillion for 2019, which is stable compared to 2018 but down compared to 2017. The
September 18, 2018
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FHLMC changes student loan programs
On Freddie Mac’s home page, you will see the tag line “We Make Home Possible”, when I see changes in the guidelines as outlined on
September 12, 2018
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How to calculate statutory employee pay
Ever wonder why the IRS tax code is currently at 74,608 pages of information? (and yes, this is a rhetorical question). I am convinced it
August 21, 2018
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The power of teamwork
We have been producing blogs since 2013. Over the years we have gained followers that are originators, processors, underwriters, and operations managers. So when I
August 6, 2018
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Is your borrower a “saver” but exceeded the maximum DTI?
If you have ever worked with a borrower who is an excellent saver but is coming up short on DTI ratio you might be able
July 17, 2018
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Avoid 3 Major Mistakes with FHLMC Form 91
I would bet at one time or another you have Googled Freddie Mac Form 91 and gave it a try. The purpose of this form
July 11, 2018
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How to use FNMA 1039 on Form 8825
I have often said that growing a business has many similarities as raising kids. Every business owner knows that you must spend countless hours helping
June 27, 2018
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