580 Score VA Financing With No Lender Overlays
This guide covers 580 score VA financing for eligible veteran homebuyers and homeowners. The team at Gustan Cho Associates are…
Delayed Financing Guidelines on Refinance Transactions
In this article, we will cover and discuss delayed financing guidelines on refinance transactions. Delayed Financing Guidelines apply for homebuyers…
How to Avoid Delays in Mortgage Loan Closings
This guide covers how to avoid delays in mortgage loan closings. When homebuyers enter a real estate purchase contract, the…
Home Mortgage | Home Purchase | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Regulations | Videos
How Qualified Mortgages Affect Borrowers and Lenders
This guide covers how qualified mortgages affect borrowers and lenders on residential loans. To avoid another 2008 financial crisis, Congress…
North Carolina FHA Lenders For Bad Credit with No Overlays
In this blog post, we’ll discuss qualifying for FHA loans with top North Carolina FHA lenders for bad credit. It’s…
Documents Required For Mortgage Processing and Underwriting
This guide covers documents required for mortgage processing and underwriting. All documents required for mortgage processing and underwriting needs to…
Manual Underwriting Versus Automated Underwriting Guidelines
In this blog, we will cover and discuss manual underwriting versus automated underwriting guidelines. The Automated Underwriting System is a…
What is a Credit Supplement For a Mortgage
This guide covers what a credit supplement in a mortgage is and how it works. There are three major credit…
Funds In Bank Statements That Cannot Be Used By Lenders
This guide covers funds in bank statements that mortgage lenders cannot use. All funds in bank statements that are newer…
Upfront Costs For Mortgage Loans Prior To Closing
This guide covers upfront costs for mortgage loans prior to closing. What would you do as a borrower if a…
Acceptable Sources of Verifiable Funds for Closing
In this blog, we will cover and discuss the acceptable sources of verifiable funds for closing. With the majority of…
Collection Accounts | Bad Credit Mortgages | Charge Off Accounts | FHA Loans | Mortgage Processing And Underwriting | Videos
How Underwriters View Collections on Mortgage Loans
HUD, the parent of FHA, does not require you to pay off the outstanding unpaid collection account balances in order to qualify for FHA Home Loans. However, FHA will count a percentage of any outstanding non-medical collection account balances.
Delegated Versus Nondelegated Mortgage Underwriting
This article is on delegated versus nondelegated mortgage underwriting by lenders. We will cover the main difference between delegated and…
Overlays in Underwriting By Mortgage Lenders
This blog is about overlays in underwriting on government and conventional loans. The mortgage industry went through a major overhaul…
Videos | Conditional Loan Approval | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved
Home Loan Approval After Denied By a Bank For Your Mortgage
This guide covers getting a home loan approved after denied by a bank for your mortgage. There should be no…
High Debt To Income Ratio | Home Mortgage | Home Purchase | Mortgage Processing And Underwriting | Videos
DTI Calculations in Community Property States Guidelines
This guide covers DTI calculations in community property states mortgage guidelines. DTI calculations in community property states are calculated differently…
Role of Mortgage Underwriter During The Mortgage Process
In this blog, we will cover the role of mortgage underwriter during the mortgage process. The role of mortgage underwriter…
How Do Mortgage Underwriters Calculate Income of Borrowers
This guide covers how do mortgage underwriters calculate income of borrowers. Income is the most important aspect of qualifying for…
Credit Tradelines NOT Reporting To Credit Bureaus
This guide addresses the issue of credit tradelines not reporting to credit bureaus. When faced with this situation, finding solutions…
Mortgage Processing And Underwriting | Compensating Factors | FHA Loans | Manual Underwriting | Mortgage Lender Overlays | Verification Of Rent | Videos
Revised FHA Total Scorecard Underwriting Guidelines
This blog will cover the FHA Total Scorecard and how it works. The United States Department of Housing and Urban…
Preparing For Mortgage Process In Illinois
This guide covers preparing for mortgage process in Illinois. Preparing For Mortgage Process In Illinois is different than other states….
