Ask The Underwriter

Follow me
Education & Training - Ask The Underwriter - NMLS CE Provider #1405058
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 ...
Ask The Underwriter: Monday Mistakes Series I've decided to start a Monday Series called: Monday Mistakes.  During the week I'll be keeping a tally of the mistakes I see. Hopefully this will help realtors and mortgage professionals out when processing, originating or appraising a loan. This weeks...
Self Employed Borrower Series Attend WEEK 2 of this free 30 minute online live webinar and learn the following:  Identify the documents needed to calculate income for Partnerships and S Corps Recognize the industry standard add backs and deductions  THERE ARE ONLY 30 SLOTS AVAILABLE FOR THIS WEBI...
Not sure is this is a tip or if I just want to vent...I'll let you guys decide.  Desk Top Underwriter® has a section at the very end of the findings called the Underwriting Anaysis report; this section mimics the 1008 (Transmittal Undewriting Summary).  In the reserves section of the Underwriting...
QUESTIONS: When should I average the borrower's income? ANSWER: You can average the borrower's income if they do not receive a salary and when the pay stubs provided do not provide a consistent gross amount.  Sales Professionals and Nurses are two examples.  Most sales professionals receive bonus...
I took the 30 days of blogging challenge a few weeks ago and was surprised to find out that I was not a rainmaker anymore!  Did you know if you don't post a blog AT LEAST every 90 days that you can lose your free status!    Just an FYI for those you that didn't know.   Alpha Mortgage Training off...
FHA Mortgage Training: April 19-20th FHA JUMP START $149.00   Here's a FHA Mortgage Training Course that fits in everyone's budget! This course is taught by a Wholesale FHA Underwriter. Spring into FHA with the information you need to get your loan approved.  This course was designed for you to h...
Webinar: $39.00 Income Calculation / Mortgage Lead Generation   December 17th Income Calculation / Mortgage Lead Generation in Challenging Times The Year is drawing to a close and Mortgage Training Programs wants to make sure that you have met your goals for 2009.  If you are interested in learni...
SAFE Act Course on November 16th We are currently an approved provider of SAFE Act Courses. We are currently offering an early bird discount of $279 for early registration in anticipation of approval for our 20 hour SAFE Act course.   This course is scheduled for November 16 and will be $395 aft...

D. Bass

Blog: Ask The Underwriter
Contact The Author
Welcome to Ask The Underwriter!

Don't hesitate to contact us if you have any underwriting questions: WE WILL NOT MENTION YOUR NAME OR COMPANY!

Sign up for our Newsletter for great tips and advice from underwriters and other industry experts!