Mortgage Underwriting A–Z Guide Table of Contents Introduction to Mortgage Underwriting The Mortgage Loan Lifecycle The Four C’s of Underwriting 3.1 Credit 3.2 Capacity 3.3 Capital (Assets) 3.4 Collateral (Property) The 1003 Mortgage Loan Application Form (URLA) 4.1 Borrower Information 4.2 Employment & Income 4.3 Assets and Liabilities 4.4 Declarations 4.5 Loan and Property Information Credit Report Evaluation 5.1 Tradelines 5.2 Inquiries 5.3 Public Records 5.4 Credit Scores Income Analysis 6.1 Wage Earners 6.2 Self-Employed Borrowers 6.3 Rental and Investment Income 6.4 Other Sources of Income Asset Review 7.1 Bank Statements 7.2 Gift Funds 7.3 Retirement & Investment Accounts Property Appraisal and Collateral Eval...
Comments
Post a Comment