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What are the things that an underwriter looks at when approving you for a home loan?
1) FICO score of 620 or higher
3) income vs overall debts
4) payment history on previous/current debts
5) employment history and length of current employment
6) collateral
7) down payment you are willing to make initially
What else can I help you with?
How long does it take to become an underwriter Can you work at home as an underwriter?
It take several years to become an underwirter. Underwriter require high energy levels and strong communication and negotiation skills. I dont believe that you can work at home as an underwriter.
Can a loan processor approve a home loan?
No. A loan processor gathers the documents and information needed so that an underwriter can approve (or disapprove) a loan. In general, the loan processor does know what is needed by the underwriter.
What is In house underwriting when dealing with home mortgages?
In House underwriting means that the lender is doing their own underwriting instead of sending it out to a 3rd party underwriter.
How does one locate a copy of a lost title insurance policy when the bank that handled the closing and the mortgage on a newly constructed home and handled the title insurance no longer exists?
U should be able to go directly to the underwriter (whoever the master insurer is) e.q. Stewart, First American, Chicago....they should have a copy of your policy. Usually if you have a copy of your mortgage it should say in the legal description who the underwriter is.
Does a home require a stove for a conventional mortgage?
Yes, it does. The home needs to be habitable and stove is part of the home being habitable. I guess you can write an explanation that you are used to ordering fast food every night, but I doubt that it will fly with an underwriter. I might be wrong, but I don't think that the stove is required by Fannie Mae or Freddie Mac guidelines, still, most the banks still require it. However, I have not made a conventional loan in my 9 year career without a stove. Underwriter will always ask for it. This is a very easy problem to cure - ask the seller to install it while negotiating. If the seller won't do it - have the buyer get it at home depot or sears. If the loan doesn't go through, the buyer can return it unused. There may be a restocking fee.
How long does it take to become an underwriter Can you work at home as an underwriter?
It take several years to become an underwirter. Underwriter require high energy levels and strong communication and negotiation skills. I dont believe that you can work at home as an underwriter.
Can a loan processor approve a home loan?
No. A loan processor gathers the documents and information needed so that an underwriter can approve (or disapprove) a loan. In general, the loan processor does know what is needed by the underwriter.
What is In house underwriting when dealing with home mortgages?
In House underwriting means that the lender is doing their own underwriting instead of sending it out to a 3rd party underwriter.
What does it mean when your dog sleeps under things and in corners of rooms?
They may feel scared, looks for a safe place to be. Sometimes it is like their cave, their little home.
How did party leaders resolve the disputed election of Rutherford Hayes and southern demands for return to home rule?
by approving both through the compromise of 1877 100% sure
What does tigers home looks like?
The tiger's home or habitat looks like a jungle with lots of majorities of green trees as well as other animals.
How did party leaders resolve the dispute election of Rutherford b Hayes and southern demands for return to home rule?
by approving both through the compromise of 1877 100% sure
How does one locate a copy of a lost title insurance policy when the bank that handled the closing and the mortgage on a newly constructed home and handled the title insurance no longer exists?
U should be able to go directly to the underwriter (whoever the master insurer is) e.q. Stewart, First American, Chicago....they should have a copy of your policy. Usually if you have a copy of your mortgage it should say in the legal description who the underwriter is.
What is a models?
for your first commerical you are going to get 5,000.00
Can i buy a home if im in collections?
Many times you can buy a home if you are in collections. It depends on the amount of the collections. It they are very large and they could jeopardize the lenders security with the home, the underwriter may request that you payoff the collection before closing on the loan. If they are very small the Underwriter may allow you to close on the home without paying them off.Note: If your FICO scores are close to a minimum qualifying score and you are being required to pay off the collection, ask if you can bring the money to your closing. The reason is this. If the collection is older, your credit score will most likely drop when you pay off the collection. This could lower your score to a point where you no longer will qualify. Many Underwrites will allow it to be paid at closing, so that your score will not drop until after you are in the home.
Does xavier from home and away die?
looks like it <- Not true
What is the name of a person who looks after a sick at home?
A caretaker or hospice worker takes care of the sick at home.
