General underwriting topics, guideline changes, and industry trends.
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
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. The question specifically asked if
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
One of the most common topics I run across for self-employed borrowers is the discussion on ”The dreaded Distribution Versus Ordinary Income”. Even though the guidelines clearly outlined these requirements
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 over your competition, and that
During the recent “dark age” of the mortgage business FNMA put continuity of obligation rules in place to try to slow down the real estate crash. Terms like buy and bail,
UberWriter is in the news See our write up in Mortgage Women Magazine. http://www.mortgagewomen-digital.com/mwmag/march_2016?pg=36#pg36 Michael Whitbeck and David Stamm sat down with AR Smith to discuss the challenges underwriters face.
A few years back FNMA updated their website to include a well designed, searchable, web based version of Allregs. In 2015 for the FHA program HUD created a sleek new
FNMA Form 1084 Is Better, But Not Perfect If you have been following my blogs a recurring theme is how both agencies have made many updates to their guidelines and programs.
