Mortgage Processing And Underwriting

How Underwriters View Overdrafts In Bank Statements

How Underwriters View Overdrafts In Bank Statements

This Article Is About How Underwriters View Overdrafts In Bank Statements  Overdrafts in bank statements are not allowed by most mortgage lenders. Overdrafts in bank statements are frowned upon from lenders because it shows financial irresponsibility of bank account holders. Many lenders will deny a mortgage loan due to even one overdraft. It is best […]

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When Things Go Wrong During Mortgage Process

When Things Go Wrong During Mortgage Process

This Article Is About Solutions To When Things Go Wrong During Mortgage Process The mortgage process can be a very stressful process. This holds especially for borrowers with credit issues and/or higher debt-to-income ratios. Every mortgage loan application is different than one another. Some mortgage files can be tricky. The pre-approval stage of the mortgage […]

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NON-QM Mortgage Processing Versus Traditional Home Loans

NON-QM Mortgage Processing Versus Traditional Home Loans

This Article Is About NON-QM Mortgage Processing Versus Traditional Home Loans NON-QM Loans are alternative financing mortgage programs. Borrowers who do not meet government and/or conforming mortgage guidelines can now qualify for non-QM loans. NON-QM Loans are not insured by any government agencies. They also do not need to conform to Fannie Mae and/or Freddie […]

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Reasons For Mortgage Loan Denial During Mortgage Process

Reasons For Mortgage Loan Denial During Mortgage Process

This article is about Reasons For Mortgage Loan Denial During Mortgage Process A mortgage loan denial is when a mortgage underwriter denies the home loan application because borrowers do not either meet the federal minimum mortgage lending guidelines or the individual lender overlays. There are reasons for mortgage loan denial which can be avoided. Every […]

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Mortgage Underwriters Role In Home Loan Process

Mortgage Underwriters Role In Home Loan Process

This Article Is About Mortgage Underwriters Role In Home Loan Process A mortgage underwriters role in mortgage process is to be the devil’s advocate. Mortgage Underwriters are the professionals that approve and/or deny loans The mortgage loan applicant’s file goes through opening, processing, and then it goes to underwriting. Most loan officers will qualify borrowers […]

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