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Gustan Cho Associates
  • About UsExpand
    • Contact Us
    • Get Pre-Approved
    • Order Credit
    • Why Choose Us
    • Meet Our Team
    • NEXA Career OpportunitiesExpand
      • How To Brand Yourself as a Loan Officer
    • Preferred Realtor Partner NetworkExpand
      • Dino Hasapis | Licensed Real Estate Broker | PRPN Director
      • Oakbrook Terrace, Illinois | Gustan Cho Associates Mortgage
    • Loan OfficersExpand
      • Kingsley Ifezue
      • Michael Gracz
      • Ronda Butts
      • Trinh Collins
  • Types Of MortgagesExpand
    • PurchaseExpand
      • Home Purchase Loans
      • Investment Property Loan
    • RefinanceExpand
      • Refinance Mortgage Options
      • Cash-Out Refinance
      • Chapter 13 Bankruptcy Cash-Out-Buyout
      • Rate And Term Refinance
      • FHA Streamline Refinance
      • VA Streamline Refinance
      • Refinancing NON-QM Loans Into Conventional Mortgages
      • Refinance FHA To Conventional Loans
    • FHA Home LoansExpand
      • FHA Manual Underwriting
      • FHA Chapter 13 Bankruptcy Guidelines
      • FHA Loans For Bad Credit
      • FHA Loans For Low Credit Scores
      • FHA Collections
      • FHA Loans Charged Off Accounts
      • W-2 Income Only FHA Loans
      • FHA Loans With Tax Lien
      • FHA Loan With Judgment
    • VA Home LoansExpand
      • VA Manual Underwriting
      • VA Chapter 13 Bankruptcy Guidelines
      • VA Loans For Bad Credit
      • VA Loans For Low Credit Scores
      • VA Loans With Charged-Off Accounts
      • W-2 Income Only VA Loans
      • VA Loans with Tax Lien
      • VA Loan with Judgment
    • USDA Loans
    • DACA Mortgage Loans
    • Conventional LoansExpand
      • Conventional Loans W-2 Income ONLY Mortgages
      • Conventional Loans After Foreclosure
      • Conventional Loans After Bankruptcy
      • Conventional Loan With Tax Lien
      • Conventional Loan With Judgment
    • Condominium LoansExpand
      • Warrantable Condos
      • Non-Warrantable Condos
      • Condotel Financing
    • NON-QM LoansExpand
      • Bank Statement Loans
      • DSCR Loans
      • Asset-Depletion
      • Foreign Nationals
      • ITIN Mortgage Loans
      • No-Doc Loans
    • Jumbo Mortgage
    • FHA 203K Loans
    • Reverse Mortgages
    • Commercial Loans
  • CareersExpand
    • Can Realtors Be MLOs At The Same Time
    • Career OpportunitiesExpand
      • Training a New Mortgage Loan Officer Without Any Experience
    • Mortgage Branch Careers
    • Remote Mortgage Loan Officer Career Opportunities
    • How Do I Become A Mortgage Loan Officer
    • MLO Revenue Share Residual Income Career Opportunity
  • Videos
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  • Testimonials
  • Talk To A Loan Officer

Call or Text: (800) 900-8569

Email Us: alex@gustancho.com

Gustan Cho Associates

Mortgage Processing And Underwriting

Home / Mortgage Processing And Underwriting
Mortgage Processing and Underwriting Process Leading to CTC
Mortgage Processing And Underwriting | Videos

Mortgage Processing and Underwriting Process Leading to CTC

ByGustan Cho Posted onMarch 19, 2023March 19, 2023

This guide will cover mortgage processing and underwriting, leading to the clear to close. Mortgage companies have different ways of…

Continue Reading Mortgage Processing and Underwriting Process Leading to CTCContinue

How Errors on Credit Reports Affect AUS FINDINGS
Mortgage Processing And Underwriting | Automated Underwriting System | Credit Disputes | Credit Scores | Videos

How Errors on Credit Reports Affect AUS FINDINGS

ByGustan Cho Posted onMarch 18, 2023March 24, 2023

In this guide, we will cover how errors on credit reports affect AUS Findings. One of the most important things…

Continue Reading How Errors on Credit Reports Affect AUS FINDINGSContinue

Mortgage Denied After Pre-Approval By Underwriters
Mortgage Processing And Underwriting

Mortgage Denied After Pre-Approval By Underwriters

ByRonda Butts Posted onMarch 11, 2023March 24, 2023

In this blog, we will cover and discuss getting a mortgage denied after pre-approval by mortgage underwriters. Qualifying for a…

Continue Reading Mortgage Denied After Pre-Approval By UnderwritersContinue

Why Do Lenders Need Credit Reports and Scores
Credit Scores | Mortgage Processing And Underwriting | Videos

Why Do Lenders Need Credit Reports and Scores

ByGustan Cho Posted onMarch 9, 2023March 24, 2023

In this blog, we will cover why lenders need credit reports and credit scores to get borrowers a mortgage loan…

Continue Reading Why Do Lenders Need Credit Reports and ScoresContinue

Credit Scores Increased During Underwriting Process
Credit Scores | Mortgage Processing And Underwriting | Mortgage Rates | Videos

Credit Scores Increased During Underwriting Process

ByGustan Cho Posted onFebruary 6, 2023February 27, 2023

In this article, we will cover credit scores increased during underwriting process. If credit scores increased during underwriting process, the…

Continue Reading Credit Scores Increased During Underwriting ProcessContinue

Underwriting Credit Guidelines During Mortgage Process
Mortgage Processing And Underwriting | Videos

Underwriting Credit Guidelines During Mortgage Process

ByGustan Cho Posted onJanuary 29, 2023February 6, 2023

This article will cover underwriting credit guidelines during the mortgage process. Mortgage borrowers should not stress during the mortgage process….

Continue Reading Underwriting Credit Guidelines During Mortgage ProcessContinue

Role of Mortgage Underwriter During The Mortgage Process
Mortgage Processing And Underwriting | Videos

Role of Mortgage Underwriter During The Mortgage Process

ByGustan Cho Posted onJanuary 27, 2023March 1, 2023

In this blog, we will cover the role of mortgage underwriter during the mortgage process. The role of mortgage underwriter…

Continue Reading Role of Mortgage Underwriter During The Mortgage ProcessContinue

Revised FHA Total Scorecard Underwriting Guidelines
Mortgage Processing And Underwriting | Compensating Factors | FHA Loans | Manual Underwriting | Mortgage Lender Overlays | Verification Of Rent | Videos

Revised FHA Total Scorecard Underwriting Guidelines

ByGustan Cho Posted onJanuary 10, 2023February 24, 2023

This blog will cover the FHA Total Scorecard and how it works. The United States Department of Housing and Urban…

Continue Reading Revised FHA Total Scorecard Underwriting GuidelinesContinue

Delegated Versus Nondelegated Mortgage Underwriting
Mortgage Processing And Underwriting

Delegated Versus Nondelegated Mortgage Underwriting

BySapnaSharma Posted onJanuary 8, 2023February 24, 2023

This article is on delegated versus nondelegated mortgage underwriting by lenders. We will cover the main difference between delegated and…

Continue Reading Delegated Versus Nondelegated Mortgage UnderwritingContinue

Escrow Hold Back Mortgage Guidelines For Repairs
Mortgage Processing And Underwriting | Clear To Close | Home Purchase | Home Sellers | Videos

Escrow Hold Back Mortgage Guidelines For Repairs

ByMike Gracz Posted onDecember 15, 2022December 20, 2022

In this article, we will cover what escrow hold back is in the mortgage loan process. We will discuss escrow…

Continue Reading Escrow Hold Back Mortgage Guidelines For RepairsContinue

Delays Mortgage Approval Process Can Be Avoided
Mortgage Processing And Underwriting | Videos

Delays Mortgage Approval Process Can Be Avoided

ByGustan Cho Posted onDecember 15, 2022December 22, 2022

In this blog, we will cover how delays mortgage approval process can be avoided. One of the most stressful things…

Continue Reading Delays Mortgage Approval Process Can Be AvoidedContinue

Qualifying Credit Score For Mortgage Used By Lenders
Home Mortgage | Credit Scores | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Qualifying Credit Score For Mortgage Used By Lenders

ByGustan Cho Posted onDecember 13, 2022January 16, 2023

In this blog, we will cover the qualifying credit score for mortgage used by lenders. The qualifying credit score for…

Continue Reading Qualifying Credit Score For Mortgage Used By LendersContinue

Overlays In Underwriting By Mortgage Lenders
Mortgage Lender Overlays | Mortgage Processing And Underwriting | Videos

Overlays In Underwriting By Mortgage Lenders

ByMargarett Jurilla Posted onDecember 10, 2022December 26, 2022

This blog is about overlays in underwriting on government and conventional loans. The mortgage industry went through a major overhaul…

Continue Reading Overlays In Underwriting By Mortgage LendersContinue

How To Avoid Stress During Mortgage Process
Qualifying & Getting Pre-approved | Mortgage Processing And Underwriting | Videos

How To Avoid Stress During Mortgage Process

ByGustan Cho Posted onDecember 8, 2022December 28, 2022

This blog will discuss how to avoid stress during mortgage process. The mortgage process does not have to be stressful….

Continue Reading How To Avoid Stress During Mortgage ProcessContinue

Preparing For Home Loan For a Smooth Mortgage Approval
Qualifying & Getting Pre-approved | Mortgage Processing And Underwriting | Videos

Preparing For Home Loan For a Smooth Mortgage Approval

BySapnaSharma Posted onDecember 8, 2022December 20, 2022

This blog will cover preparing for home loan for a smooth mortgage approval without stress. Preparing For Home Loan before…

Continue Reading Preparing For Home Loan For a Smooth Mortgage ApprovalContinue

Closing on Your New Home In 21 Days From Application To CTC
Mortgage Processing And Underwriting | Clear To Close | Conditional Loan Approval

Closing on Your New Home In 21 Days From Application To CTC

ByMike Gracz Posted onNovember 28, 2022December 19, 2022

This blog will cover closing on your new home in 21 days from application to CTC.  Closing on your new…

Continue Reading Closing on Your New Home In 21 Days From Application To CTCContinue

Preventing Home Closing Delays and How To Close on Time
Mortgage Processing And Underwriting | Clear To Close | Videos

Preventing Home Closing Delays and How To Close on Time

ByMichelle McCue Posted onNovember 24, 2022December 29, 2022

This blog will cover preventing home closing delays and how to close on time. The home buying and mortgage process…

Continue Reading Preventing Home Closing Delays and How To Close on TimeContinue

When Am I Committed To Mortgage Lender For a Home Loan
Mortgage Processing And Underwriting

When Am I Committed To Mortgage Lender For a Home Loan

ByMichelle McCue Posted onNovember 11, 2022December 29, 2022

In this article, we will cover and discuss when am I committed to mortgage lender for a home loan. Mortgage…

Continue Reading When Am I Committed To Mortgage Lender For a Home LoanContinue

Credit Score Changes During Underwriting Process
Mortgage Processing And Underwriting

Credit Score Changes During Underwriting Process

ByGustan Cho Posted onNovember 3, 2022December 28, 2022

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. Mortgage lenders check your credit more than once, so protect your credit rating during the loan process.

Continue Reading Credit Score Changes During Underwriting ProcessContinue

How To Calculate Debt-To-Income Ratio on Mortgage Loans
Home Mortgage | Mortgage Processing And Underwriting

How To Calculate Debt-To-Income Ratio on Mortgage Loans

ByGustan Cho Posted onOctober 15, 2022October 15, 2022

In this blog, we will cover and discuss how to calculate debt-to-income ratio on mortgage loans. There are two types…

Continue Reading How To Calculate Debt-To-Income Ratio on Mortgage LoansContinue

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    Gustan Cho Associates are mortgage brokers licensed in 48 states including Washington DC, Puerto Rico, and the U.S Virgin Islands (Not licensed in NY and MA). The team at Gustan Cho Associates has a national reputation of being able to do mortgage loans other mortgage companies cannot do. Gustan Cho Associates dba of NEXA Mortgage has a lending partnerships with over 190 wholesale mortgage lenders with dozens of no overlay lending partners on government and conventional loans and countless non-QM and alternative lending partners. Over 80% of our clients are borrowers who could not qualify at other mortgage companies either due to a last-minute mortgage loan denial due to lender overlays or because the lender did not have the mortgage loan program suited for the borrower. At Gustan Cho Associates, we only market mortgage loan products that exists and are possible. You can rest assured any owner-occupant primary home, second home, or investment property mortgage loan program in the marketplace, you will find them offered at Gustan Cho Associates Talk to a loan officer today

    Recent Articles

    • Mortgage Processing and Underwriting
      Mortgage Processing and Underwriting Process Leading to CTCMarch 19, 2023
    • Why Do I Want To Be In The Mortgage Industry
      Why Do I Want To Be In The Mortgage Industry as a MLOMarch 19, 2023
    • Buying a House in Nevada
      What Are My Mortgage Options Buying a House in NevadaMarch 18, 2023
    • Errors on Credit Reports
      How Errors on Credit Reports Affect AUS FINDINGSMarch 18, 2023
    • Mortgage With Outstanding Collections
      Getting Approved For a Mortgage With Outstanding CollectionsMarch 18, 2023

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    • About Us
      • Contact Us
      • Get Pre-Approved
      • Order Credit
      • Why Choose Us
      • Meet Our Team
      • NEXA Career Opportunities
        • How To Brand Yourself as a Loan Officer
      • Preferred Realtor Partner Network
        • Dino Hasapis | Licensed Real Estate Broker | PRPN Director
        • Oakbrook Terrace, Illinois | Gustan Cho Associates Mortgage
      • Loan Officers
        • Kingsley Ifezue
        • Michael Gracz
        • Ronda Butts
        • Trinh Collins
    • Types Of Mortgages
      • Purchase
        • Home Purchase Loans
        • Investment Property Loan
      • Refinance
        • Refinance Mortgage Options
        • Cash-Out Refinance
        • Chapter 13 Bankruptcy Cash-Out-Buyout
        • Rate And Term Refinance
        • FHA Streamline Refinance
        • VA Streamline Refinance
        • Refinancing NON-QM Loans Into Conventional Mortgages
        • Refinance FHA To Conventional Loans
      • FHA Home Loans
        • FHA Manual Underwriting
        • FHA Chapter 13 Bankruptcy Guidelines
        • FHA Loans For Bad Credit
        • FHA Loans For Low Credit Scores
        • FHA Collections
        • FHA Loans Charged Off Accounts
        • W-2 Income Only FHA Loans
        • FHA Loans With Tax Lien
        • FHA Loan With Judgment
      • VA Home Loans
        • VA Manual Underwriting
        • VA Chapter 13 Bankruptcy Guidelines
        • VA Loans For Bad Credit
        • VA Loans For Low Credit Scores
        • VA Loans With Charged-Off Accounts
        • W-2 Income Only VA Loans
        • VA Loans with Tax Lien
        • VA Loan with Judgment
      • USDA Loans
      • DACA Mortgage Loans
      • Conventional Loans
        • Conventional Loans W-2 Income ONLY Mortgages
        • Conventional Loans After Foreclosure
        • Conventional Loans After Bankruptcy
        • Conventional Loan With Tax Lien
        • Conventional Loan With Judgment
      • Condominium Loans
        • Warrantable Condos
        • Non-Warrantable Condos
        • Condotel Financing
      • NON-QM Loans
        • Bank Statement Loans
        • DSCR Loans
        • Asset-Depletion
        • Foreign Nationals
        • ITIN Mortgage Loans
        • No-Doc Loans
      • Jumbo Mortgage
      • FHA 203K Loans
      • Reverse Mortgages
      • Commercial Loans
    • Careers
      • Can Realtors Be MLOs At The Same Time
      • Career Opportunities
        • Training a New Mortgage Loan Officer Without Any Experience
      • Mortgage Branch Careers
      • Remote Mortgage Loan Officer Career Opportunities
      • How Do I Become A Mortgage Loan Officer
      • MLO Revenue Share Residual Income Career Opportunity
    • Videos
    • Blogs
    • Testimonials
    • Talk To A Loan Officer