Covers all income types and best practices for calculating and verifying borrower income accurately.
The cash flow forms such as the FNMA 1084 have been around for a very long time, with that being said if you do some research on mortgage industry thousands of
**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 approve/ineligible finding. But do not
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 those income types that are
Of the questions I have received is if I can make a training video or instructions for the 1084 & 91 forms. Generally speaking my first response would be no!
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 same question about the same
Most Popular Income Type in the US In the world of underwriting the self-employed borrower gets a ton of attention. If you ask for underwriting training, in most cases the
When I was in school if you asked me what my favorite subject was I would have told you math. Not really because it was my favorite, but it was
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 topic for the last 5-6
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 to read parts 1 and
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 by clicking this link “How
