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…
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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…
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Home Mortgages | 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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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High Debt To Income Ratio | Home Mortgages | 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…
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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…
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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…
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Loan Estimate Versus Closing Disclosure Closing Costs
Closing costs on the Loan Estimate versus Closing Disclosure will most likely be different. The itemized closing costs on the…
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Warehouse Line of Credit Used By Mortgage Bankers
In this blog, we will discuss and cover the warehouse line of credit used by mortgage bankers and correspondent lenders….
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Home Mortgages | Automated Underwriting System | Conditional Loan Approval | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos
How Do Mortgage Underwriters Qualify Borrowers
In this blog, we will cover and discuss how do mortgage underwriters qualify borrowers. Credit scores and income is what…
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Preparing For Home Loan Before Applying For a Mortgage
This blog will cover preparing for home loan before applying for a mortgage for a smooth mortgage approval without stress….
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Changing Lenders During Underwriting Process
This guide covers changing lenders during underwriting process before closing. The mortgage approval process does not have to be stressful…
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Loan Officer Document Checklist To Start Mortgage Process
This guide covers the loan officer document checklist. This article on the Loan Officer Document Checklist is a series of…
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How Underwriters Qualify Income To Approve Mortgage Loans
This guide covers how underwriters qualify income to approve mortgage loans. Many mortgage loan applicants do not have the role…
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Qualifying For a Mortgage Downsizing To a Smaller Home
This guide covers qualifying for a home loan downsizing to a smaller home. It makes no sense in having a…
