Tag Archive for: Underwriters

What is a CU Score on an Appraisal?

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A CU score is Fannie Mae's automated risk rating for residential appraisals, ranging from 1 (lowest risk) to 5 (highest risk). Learn what each score means, what triggers a high CU flag, and what borrowers and loan officers can do about it.Read More

The Biggest House Hacking RISK!

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Rates Keep Climbing – But It Won’t Last Rates have been climbing sharply over the last few weeks – ostensibly because the economy remains hot. It won’t last, per Mr. […]Read More

The Mortgage Underwriting Process Explained

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Underwriters make sure that every compliance box is checked, every possible issue is addressed, and ensure the loan can be salable in the secondary market.Read More

What Is An Escrow Holdback?

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Escrow holdbacks allow buyers and sellers to set aside funds at closing for repairs, ensuring timely closings without delaying work—though many lenders restrict their use to certain cases like sewer lateral repairs.Read More

Angry, Frustrated & Suspicious Borrowers In The Age of Social Media

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I once spent an extremely frustrating weekend defending a competitor to two exceptionally irate borrowers. Their transaction blew up at the 11th hour b/c an investor refused to sign off […]Read More