Is your borrower a “saver” but exceeded the maximum DTI?

If you have ever worked with a borrower who is an excellent saver but is coming up short on DTI ratio you might be able to use this extra trick to get them approved.  This extra boost to income is following the Fannie Mae guideline under B3-3-.1-09 […]

Avoid 3 major mistakes when using FHLMC Form 91

I would bet at one time or another you have Googled Freddie Mac Form 91 and gave it a try.  The purpose of this form is to create a uniform way to evaluate self-employed income and other forms of income for your borrower outside of employment income. […]

How to use FNMA 1039 on Form 8825

Income calculation – Explained!

Sneaky 2106 calculation error

What if my self-employed borrower changes tax filing types?

One of the main reasons we built the UberWriter income analysis tool was to help borrowers with complex income, which usually means self-employed.  Changing tax filing types can throw a curve ball to most loans.  Self-employed borrowers are challenging, however, sometimes you are offered the opportunity to […]

Top 3 lessons on FNMA Day 1 Certainty

Over the last twelve months I have been confronted with quickly learning the in’s and outs of Fannie Mae Day 1 Certainty program, this blog is just about the income portion.  I have to say I am a huge fan of the product, but just like any […]

Training Mastermind

Training, and especially ongoing training, is a key area for debate in many mortgage companies big and small. However, there are several reasons to suggest that regular training is well worth the investment because building up the skills within the business will effectively improve your company’s bottom line. In […]

Top 5 things I learned at NAPMW

Over the last few months, my traveling schedule has been getting busier with more opportunities.  Personally, I love to get out of my normal environment and see new places and meet new people.  On April 5th and 6th I had the pleasure of attending the NAPMW conference […]

Let’s talk FHA rental income

Last week’s blog we went over the differences for self-employed borrower’s income calculations between FHA and the conventional loan programs from Fannie & Freddie Mac.  The article was well received, and we were able to get a good amount of feedback from the “pro-deduction” versus “anti-deduction” camps on why […]