I've accepted a new job in another state with a substantial signing bonus. It won't be paid until my first or second paycheck, but I'd like to close on a house purchase ASAP so that my family has a place to live. Will a shortterm family loan (fully documented) be sufficient for a down payment if the mortgage underwriter also has documentation of my upcoming signing bonus?
My friend just got laid off. He has been a mortgage underwriter for several years and a processor before that. He has at least 8 years of job experience but in this economy and market he is having a very hard time finding a job. Anyone out there who has been in this situation in the mortgage industry - I would love to know if you switched industries and if so - what was a good transition for you?
A FHA VA mortgage underwrite. I want to take an online class..can u pls let me know a good school who is offering this course online.
I am in Carrollton, Tx
I feel like it's some sort of nurse assistant in the medical field but I'm unsure. Just curious because I'm underwriting a loan with that as the occpation (I am a mortgage underwriter).
I used to be a mortgage processor, but now the industry is certainly shaky. Basically I wanted advice to see what others thought and if this is a business that's even worth it anymore. Plus, it you think it is, what area's do you think will be the most profitable?
Im a mortgage collector, and id like to get behind the scenes. I dont know how to get the underwriting experience since performing the actual job functions is what gives you experience. How can I get out.of CUSTOMER SERVICE jobs without going back to school. How can I use my resume to show that Ive enough skills to not be on the bottom rung?
I'm currently employed as a customer service rep in a mortgage company, and am looking for better opportunities within the industry.
Does anyone know how to become an underwriter? What degree path to pursue? A job to pursue with a bank now while I finish school?
Does anyone know how to get a job as a loan underwriter even though i have no prior experience in the mortgage industry whatsoever? Is there a entry level position that i have to get first before i can transition in to the job as a loan underwriter?
Normally, if a home seller helps a home buyer with a down payment, the bank wants to know about it, and will count it against the home buyer when approving the mortgage. But what if the home seller agrees to rent the house back from the home buyer, and pay the rent in advance? Is that a loophole that lets a home seller help a home buyer with the down payment without having the bank count it against the home buyer when approving the mortgage?
The loan officer seems pretty confident, but I don't know if that matters. We were able to put 20?own, but our "ratios" of income to debt were borderline. I don't know if the underwriting process is more of a formality, or if it's their job, not the loan officer's, to tell us to keep dreaming.
In other words, once all stips that are asked for are met, the loan is funded?
I have been in the mortgage business for close to twenty years and due to a move I made to be closer to my aging parents, the current state of affairs and a desire (or curiosity) to try something new, I am considering a 2nd job or even career Any suggestions would be greatly appreciated!
California realtors and mortgage brokers and loan processors - are you guys looking for a job or waiting for housing to get better again?
Our loan has been approved by the underwriter, title is ordered, loan officer told us yesterday to obtain homeowners insurance. We are supposed to close by March 2nd, its February 21st. do you think we will close by then? has anyone been this close to closing and have had the loan fall through?
ACORN was always a huge supporter of the CRA and lobbied the government and protested banks to ensure they were compliant with it. They often worked with and put pressure on politicians to ensure that banks made subprime loans. ACORN even made various deals with the banks to keep those subprime mortgages coming. Did ACORN help cause the mortgage crisis and the recession?
I am considering working for a reverse mortgage company in the IT field but was not sure if the history of Reverse Mortgage was a stable work environment. Does anyone have any ideas, I have researched the company and they seem very well balanced with great benefits and they treat their employees well. Just wanted to know if anyone has any experiences in this field.
I worked 2 jobs, 1 for 3 years and the other for 1.5 years I recently put my 2 weeks in and started a new job 2 weeks ago, same line of work. My credit score is above 650 so is my wifes but she only has been at her job for 8 months what are our option we are both 21 and tierd of paying 1200 for rent.
What employee (their title or job name) does a bank hire to assess if a house or piece of land has a financial low risk and will perform?
In simpler terms, who does a bank hire to determine if a property is a good deal?
I am making an offer on a house and I have been approved for a loan through both a private mortgage lender and Wells Fargo bank. I like my mortgage lender and would prefer to go with him. But, I want to make the strongest offer and think the Wells Fargo loan may look better/more reliable to the seller. The seller is not a bank, just a regular person. I found the broker when the banks rejected my application, but time has passed and now the banks have approved me for a loan. Does it make a difference?