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RECENT BLOG POSTS
Today's underwriting subject is Finger Pointing.  I know most of you are asking "What mortgage product is that? I've never seen or heard of that condition? Do you mean when the Underwriter is finger pointing?" I had a few good underwriting questions I wanted to share with you guys this week. I wi...
02/13/2008
I received a very good question yesterday. It brought back some memories of an underwriting team I was on in 2005/2006.  For the record, It was the first time in my underwriting career the appraiser wasn't upset at the underwriters.  The Realtors were on the chopping block! The question was: AVM ...
02/12/2008
I recently commented on an appraiser's blog and I have to admit, I was hesitant at first.  The relationship between appraisers and underwriters has always been a little "strained" to say the least.  As Appraisers their job is PROPERTY VALUE.  That's what they do, they appraise homes daily. An und...
02/12/2008
Jimmy Mcall from Legacy Mortgage Service gave me a great heads up today!  He let me know that an answer I gave a fellow AR was buried and needed to be seen.  Jimmy Mcall from Legacy Mortgage Service has done as awesome job of breaking down what a VA loan is.  Most people complicate it and confuse...
02/11/2008
Appraisals are under UNDER ATTACK!  Okay, I may be exaggerating but I've been blog searching for the last week and I think I can probably get a few high fives when I say they are being scrutinized! As an Underwriter I understand why my fellow underwriter is asking for the extra comps, comments fr...
02/11/2008
 Stated Income.....The Right WayIn the past stated income was only for self-employed borrowers.  As time passed it slowly begin to expand to salaried borrowers.  While a few lenders have gone back to self-employed only, most lenders still offer the product to both. Times have changed, companies h...
02/07/2008
Hello Everyone, I was surfing blogs yesterday and came upon a question by Rick Kellow with Ace Lending LLC (who I want to add is a Mortgage Banker, lends in all 50 states and does commercial and Residential Lending!).  He asked an Appraiser:  How do you feel about comp searches????While most of u...
02/07/2008
Rhonda Loyd from Rivera Mortgage in Atlanta,Ga emailed us at asktheunderwriter@alphamortgagetraining.net to ask the following question:I have a borrower that owns their own company.  He pays his housing expenses and his car note and credit cards from his business account.  His tax returns show a ...
02/05/2008
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Are you having a hard time with the current changes in the Mortgage Industry?Welcome!  if you've got a question for one of our underwriters, please post it here or email us at asktheunderwriter@alphamortgagetraining.net and we'll answer it in the blog 
02/03/2008
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