Demonstrated understanding of mortgage guidelines and policies for VA, FHA, FNMA, FHLMC & USDA
Analysis and calculation of qualifying income from various tax documents such as 1040s, Schedule A- E, Schedule 1-6, 1065, 1120, 1120S, K1, transcripts, etc.
Analysis and Calculation of qualifying income from various income documents such as paystubs, WVOE, W2s, 1099-R, pension award letter, 1099-SSA, SSA award letter and bank statement receipts.
Analysis of credit Reports and Bank Statements
How to calculate and knowledge of monthly income from Paystubs, Hourly rate, Weekly, Bi-Weekly, Semi-Monthly.
Validate and calculate the closing cost details to the borrower and lender.
Gained knowledge of Underwriting 4’Cs is Credit, Capacity, Capital and Collateral.
Basic working knowledge of US Mortgage Residential disclosures, fees and closing documents Note, Title, DOT, Appraisal, Credit report valuation, Loan Estimate, Closing Disclosure, Escrow Insurance and Taxes docs(Payment Change Notification), Flood Cert, FHA Connection and Valuation documents.
