ByMike Gracz, NMLS: 1160212
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Quick Answer: Acceptable sources of verifiable funds for closing can include checking and savings accounts, eligible gifts, investment and retirement…
ByGustan Cho, NMLS 873293
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A loan officer document checklist helps make sure the file is complete before pre-approval, processing, and underwriting. The exact documents…
ByAlex Carlucci, NMLS: 229891
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The role of the loan officer assistant is to help organize and manage your mortgage file to ensure a smooth…
ByGustan Cho, NMLS 873293
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How underwriters analyze bank statements comes down to one main question: are the funds in the account acceptable, documented, and…
ByGustan Cho, NMLS 873293
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This guide covers getting a home loan approved after a bank denies your mortgage application. There should be no reason…
ByGustan Cho, NMLS 873293
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Overdrafts in bank statements can raise questions during mortgage underwriting, but one overdraft does not automatically mean your loan will…
ByGustan Cho, NMLS 873293
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One of the challenges people who want to buy a house have is having a high debt-to-income ratio. If you…
ByGustan Cho, NMLS 873293
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Paying Down Credit Cards During Mortgage Process to Lower DTI Paying off credit card debt during the mortgage process can…
ByGustan Cho, NMLS 873293
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This guide covers HUD mortgage guidelines on having multiple FHA loans at the same time. One of the most frequently…
ByGustan Cho, NMLS 873293
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In the mortgage world, credit reports are not updated each time there is a payment by the borrower. An example…
ByGustan Cho, NMLS 873293
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A mortgage QC review prior clear to close is an additional check of selected loan information before closing or funding….
ByGustan Cho, NMLS 873293
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Your mortgage lender checks your credit when you apply for a home loan. Your credit score determines your mortgage rate and also if you qualify for a loan.
ByJohn Strange, NMLS: 230932
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Unsourced Funds in Mortgage Underwriting: 2026 Large Deposit and Bank Statement Rules A large deposit in your bank account does…
ByAlex Carlucci, NMLS: 229891
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How important is job stability for mortgage approval? The importance of job stability in mortgage approval comes from a lender’s…
ByGustan Cho, NMLS 873293
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This guide covers how to prepare for a mortgage as a first-time homebuyer. The best way to prepare for a…
ByGustan Cho, NMLS 873293
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Timing for Conventional Loans After Chapter 13 Bankruptcy A conventional loan may be obtained after a Chapter 13 bankruptcy; however,…
ByGustan Cho, NMLS 873293
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FHA Bankruptcy Waiting Period: Chapter 7 and Chapter 13 Guidelines The waiting period for an FHA loan after bankruptcy depends…
ByGustan Cho, NMLS 873293
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Mortgage underwriters qualify borrowers by verifying the income, employment, credit, debts, assets, and property information used in the mortgage application….
ByGustan Cho, NMLS 873293
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FHA Case Number: Assignment, Transfer & Cancellation Guide This guide will cover and discuss what an FHA case number is,…
ByGustan Cho, NMLS 873293
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This guide covers FHA DTI guidelines on manual underwrites. The key distinction between manual and automated underwriting system guidelines lies…
ByGustan Cho, NMLS 873293
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This guide covers solutions for when things go wrong during the mortgage process. The mortgage process can be very stressful….
ByGustan Cho, NMLS 873293
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2026 Mortgage Guidelines: FHA Loans with Low Credit Scores FHA loans make it possible for people with low credit scores…
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