Please email your buyer scenarios to Jeff Lazerson by clicking HERE or call him at (949) 322-8640 and let’s see if we can solve your loan approval challenges!

Week of 6/10/17:

Buyer is ex-wife of loan originator that is arranging her loan.

Listing agent requires cross-qualification due to the potential conflict.

Loan originator provides only partial documentation, much less than what an underwriter is going to require.

I can't determine income with only bits and pieces of information. And, the Fannie Mae DU isn't consistent with the information provided.

Conclusion: There is not enough information to make a qualification determination. Good instincts on listing agents part.


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Jeff Lazerson - Mortgage Columnist since 2011