융자관련 정보

융자지식188- APPRAISAL WAIVER APPRAISAL WAIVER When DU or LPA response indicates the loan is eligible for an appraisal waiver (PIW or ACE/PIA) the following requirements must be met. The eligibility must be retained on the final AUS response. APPRAISAL WAIVER ELIGIBILITY...

융자지식187- APPRAISALS ADDRESS DETERMINATION Use the standardized (USPS address) but compare it to the legal description on Schedule A on the title commitment. If the legal description’s city/township is different, use the legal city/township, but maintain the street...

융자지식186- ACCESSORY DWELLING UNITS ACCESSORY DWELLING UNITS An accessory unit is defined as an additional living space that must provide for living, sleeping, cooking and contain bathroom facilities which may be added to or detached from the primary one-unit dwelling...

융자지식185- VERBAL VOE REQUIREMENTS FOR HOURLY, SALARY, AND COMMISSION INCOME VERBAL VOE REQUIREMENTS FOR HOURLY, SALARY, AND COMMISSION INCOME • The broker/correspondent must independently obtain a phone number, and if possible, an address for the borrower’s employee....

융자지식184- VICTIMS OF TAXPAYER IDENTIFICATION THEFT VICTIMS OF TAXPAYER IDENTIFICATION THEFT When a borrower(s) is a victim of taxpayer identification theft, the following conditions must be met in order to validate the borrower(s) income: • Proof of identification...

융자지식183- MOST RECENT YEAR TAX RETURN REQUIREMENTS MOST RECENT YEAR TAX RETURN REQUIREMENTS When tax returns are required to document income, the most recent year’s tax return is required. The most recent tax return is defined as the last return scheduled to have been...

융자지식182- 4506-C REQUIREMENTS 4506-C REQUIREMENTS A signed, executed 4506-C is to be obtained at time of underwriting and at closing for all loans. The borrower must sign an additional form 4506-C for each partnership or corporation, prior to closing and it must state...

융자지식181- TYPES OF INCOME TYPES OF INCOME ALIMONY OR CHILD SUPPORT In order for alimony or child support to be considered as acceptable stable, income, it must continue for at least three years after the date of the mortgage application. We will accept as verification...

융자지식180- UNACCEPTABLE SOURCES OF INCOME UNACCEPTABLE SOURCES OF INCOME Income derived from any of the following may not be used in calculating qualifying income: • Income based on future wage increases • Draw Income • VA Education Benefits Conventional Underwriting...

융자지식179- EMPLOYMENT VERIFICATION EMPLOYMENT VERIFICATION To substantiate employment and income for a salaried or commissioned borrower, confirmation of the borrower’s earnings for the current year (including the most recent 30-period) and, if applicable, earnings over...