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Your average mortgage broker does not care about the name of the company on the check beyond conversation. The Fannie Mae underwriting manual and software[1] t
by oogali 4y ago
Your average mortgage broker does not care about the name of the company on the check beyond conversation.
The Fannie Mae underwriting manual and software[1] they use makes no mention of company prestige, age, etc.
Simply, is there consistent pay stub history, do the bank accounts agree with the pay stub history, do the filed 1040s agree with job and bank account.
If you have a non-average mortgage broker that cares about the name, then you’re in an SVB-like situation and we’ve all seen how that played out.
1: https://singlefamily.fanniemae.com/applications-technology/desktop-underwriter-desktop-originator https://singlefamily.fanniemae.com/applications-technology/d...