ARCHIVED BLOG POSTS
Ask The Underwriter: Monday Mistakes Series I keep a "list" of things I see during my underwrites. I thought it would be a great learning tool for mortgage professionals. The" Monday Mistakes Series" are a couple of things I share with AR on a weekly basis. Tax Returns: Don't forget to review Sch...
Ask The Underwriter: Monday Mistakes Series Subordinate Mortgages: Provide a copy of the original 2nd mortgage note. Copy of the subordination agreement (..another one that seems obvious, but commonly forgotten!). D. Bass -Mortgage Underwriter & Trainer Tuesday Teasers Starting February 8, 2011:...
Ask The Underwriter: Monday Mistakes Series Three loan processors from the same company can provide 3 different Uniform Loan Applications (1003's) and show three different income calculations for the SAME BORROWER!!!! I have a few tips for offices that have more than one loan processor. Check ou...
Ask The Underwriter: Monday Mistakes Series I started this series.....and didn't keep it up! So here we go.......... This weeks top picks: Private Mortgage Insurance Certificate: Make sure the loan amount, LTV and appraised value are correct! H.O.A. Questionnaire: Make sure all of the questions ...