This quick sheet provides Loan Officers with essential compliance checkpoints related to borrower communication, disclosures, data handling, and loan origination practices. It is a resource for maintaining ethical standards, regulatory compliance, and borrower trust throughout the loan application process.
This Code of Conduct outlines the professional, ethical, and legal standards expected of all Loan Officers.
This checklist is designed to guide Loan Officers through the initial steps of collecting and preparing borrower information for a complete and compliant Uniform Residential Loan Application (URLA / 1003).
This guide outlines the major stages of a residential mortgage loan from initial application to post-closing. It’s your roadmap to understanding who does what, when, and why throughout the process. Follow the flow, no detours, no guesswork.
This guide provides a step-by-step walkthrough of The Housing Assistant’s Automated Income Calculation Tool, designed to help mortgage professionals accurately calculate and verify borrower income across multiple streams, including wage, rental, self-employed, and bank statement income.
This guide breaks down the differences between DU (Desktop Underwriter) and DO (Desktop Originator), the risks, the reasons to use each, and how to pick the right tool based on your mortgage role and workflow.
With the introduction of FICO® Score 10T and VantageScore® 4.0, lenders now have more predictive models that incorporate trended data, alternative data, and advanced analytics. This guide explains each model, how they differ, and what trending data means for both lenders and borrowers.
This guide helps Loan Officers and processors break down Fannie Mae’s
Desktop Underwriter (DU) and Freddie Mac’s Loan Product Advisor (LPA) findings, into plain English.
This guide breaks down what LLPAs are, why they exist, how they’re calculated, and how they impact mortgage affordability.
