Ask The Underwriter

This new year I've had time to reflect on the past year, I wanted to start this new year as a "MASTER BLOGGER" and blog three times a week and build my business and help people achieve their closing goals! Underwriting is the same way, we want to help people achieve the dream of HOME-OWNERSHIP! M...

If I had to pick a number one sore spot between Realtors and Originators it would be missed deadlines (closing dates). Technology has cut down the time it takes to close a loan, but an incomplete application is still the number one pipeline stopper. An incomplete application can stop a loan at se...

***Look out for our bite-size training Webinars and our upcoming FHA & USDA webinars.*****If you were not able to subscribe to our newsletter, please try again. The link has been fixed**I hope this was informative, please join our mailing list for more tips.Rent with an option to purchase can be ...

The USDA  Guaranteed Loan Program is among the most beneficial programs forhomebuyers wishing to purchase a home outside densely populated area. This loan is designed to help rural Americans achieve the dream of owning a home. You would be surprised at what areas qualify as rural. Check out the p...

Ask The Underwriter is offering the PIPELINE STOPPERS monthly series to help increase your pull through, reduce errors and make your monthly bonus attainable. These informative sessions are designed to provide you with the tools you need to hit the ground running. This monthly series will help yo...

As I write this blog, I can only imagine the comments that will come... For a very brief moment I even thought about disabling comments on this blog, but I've never written a blog that wasn't open (so I'm not going to start now!)NON PRIME.......anyone in the industry longer than 10 years know exa...

Ask The Underwriter: Monday Mistakes Series Child Support, Alimony, etc. Copy of Divorce Decree or copy of actual judgment filed. At least six months proof of reciept. The underwriter will not consider the income if the borrower cannot provide a paper trail. D. Bass ~ Mortgage Underwriter & Train...

Monday Mistakes: Purchase Agreements I haven't posted a Monday Mistake in ages! So I've got a ton of tips stored up.....just need the time to get them posted!!! Today's post is short and sweet: You must provide the appraiser with the sales contract......and all addenda.  If the sales price change...

SAFE Act 8 hour Cont'd Ed OCTOBER SCHEDULE 8 Hour SAFE Comprehensive: MLO Refresher NMLS #2115 This continuing education course is intended to serve as a refresher for all mortgage loan originators, whether experienced or new. It includes the core topics as required by the SAFE Act: Federal lendi...

SAFE Act 8 hour Cont'd Ed OCTOBER SCHEDULE 8 Hour SAFE Comprehensive: MLO Refresher NMLS #2115 This continuing education course is intended to serve as a refresher for all mortgage loan originators, whether experienced or new. It includes the core topics as required by the SAFE Act: Federal lendi...