I have been writing blogs for UberWriter since 2013 on many different underwriting topics.  While putting together some training information I realized that I have zero blogs about P/L’s in all six years!  I was pretty surprised by that statistic since the question of P/L’s comes up quite a bit between April and October mainly […]

A few years back I wrote a blog explaining the rules that allow a lender to re-use the borrower’s appraisal for an additional transaction. (See the blog here: Recycle Rules For Appraisals). Looking over that blog I found some interesting comments in 2016 ranging from “you are crazy, that is not possible and a few appraisers stating this was just another […]

As subject matter experts on Project Reviews, we have often been invited as guest speakers to discuss the topic of project types and how they differ.  Being outside the scope of their usual credit review, this subject is always of interest to curious underwriters of all experience levels.  PUDs, condos, and especially co-ops, are exotic […]

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 can be hard to remember what it was like to feel overwhelmed and uncertain about the mortgage process.  We are modern-day alchemists who can turn a 1003 and some pay […]

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 were the same, but the location on where to find the income has changed on the 2018 1040 form. Today’s topic is on Alimony, the new tax code has really “flipped the script” on the […]

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 to worry, we have your back. We have done the work at UberWriter to make sure our training and products are up to date, and that you can use these tools to calculate your borrower’s income with […]

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 quite a variety of questions and opinions to be shared.  One question that does come up is “Does UberWriter use the AGI (Adjusted Gross Income) or SAM (Schedule Analysis Method) […]

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 best way I can describe the job is “jack of many trades, but master of none”! While working as an underwriter you learn to become good at topics such as […]

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” – Albert Einstein A good income report demonstrates knowledge and communicates complex details simply.  In the day to day auditing review of loans I can tell you that many loans close without […]

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 guidelines that are just vague.  They seem almost to have limitless interpretation. Using business funds as cash to close is high up on my list as the “leader of the […]