Do Co|Signed Debts Affect Borrower DTI? (SEL 2017|04)
The answer to this question has changed for the better as of April 25, 2017. Fannie Mae continues to improve and streamline the loan approval
May 3, 2017
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Blog
Financed Properties: What Counts? | Blueprint
When you have a borrower that has taken rental properties a little more serious the average rental investor and has multiple rental properties, how many
April 26, 2017
10 Comments
Variable Income & Job Change: What You Need to Know
A common question I get in underwriting is “my borrower works overtime at his new job he started “x” number of months ago, can I
April 19, 2017
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Two FHLMC rental income calculator methods
A few months ago we posted a blog focusing on the differences between the rental calculations for other properties the borrower owns when using either
January 30, 2017
4 Comments
What is FNMA Day One Certainty?
Good news for the mortgage lending world, we have an advocate in our marketplace who wants the same goals for our companies as we do!
January 4, 2017
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Forgotten income from vehicle depreciation
**updated 05/11/2019** Sometimes we have a borrower that is missing the AUS approval by a mere few dollars, nothing more heartbreaking than a 46% DTI
September 27, 2016
7 Comments
Underwriting for Statutory Employees | Blueprint
After years of working in underwriting when you look through enough loans it becomes easier over time to recognize a borrower’s income type. However there are
September 20, 2016
7 Comments
FNMA 1084 and FHLMC Form 91 are useless
Of the questions I have received is if I can make a training video or instructions for the 1084 & 91 forms. Generally speaking my
September 16, 2016
4 Comments
Can Business Funds Be Gifted for a Down Payment? | Blueprint
Sometimes when you are underwriting the same question seems to come in “three’s”. Maybe it is timing, maybe happenstance, or maybe different people are asking the
September 13, 2016
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FNMA large deposit rule on refinancing
A few days ago I received a question about how to handle large deposits when the transaction is a refinance on a FNMA conventional loan.
August 24, 2016
6 Comments
Four options for determining student loan payments
As a parent with two kids attending college the discussion of getting through college with minimal student debt (or none at all) has been a
August 8, 2016
1 Comment
How to handle any rental income – part 3
Last but not least (and probably the most used form of rental calculations) part 3 of 3 of “Rental income from non-subject properties”. Be sure
June 21, 2016
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How to handle any rental income – part 2
Welcome to part 2 of 3 of “How to handle any rental income” series. In case you missed the first installment you can catch up
June 15, 2016
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How to handle any rental income – part 1
This blog is going to be a three-part series, I want to break down the information for FNMA and FHLMC loans in the following three
June 8, 2016
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Reuse existing appraisal to save money
Sometimes when competing for a new loan, your running “neck and neck” on the offered interest rate and need to find little edge to win
May 9, 2016
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