mortgage underwriting guidelines

Why was my loan application denied?!

by Mortgage Nerd on May 7, 2011 · 1 comment

“But my loan officer said that I was approved!” is heard all too often in the mortgage world these days. In this article we will explore a couple reasons why a borrower can be approved immediately after the initial loan application but eventually denied once the lender’s underwriter gets a hold of the file. Most […]

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Underwriting for Beginners

by Mortgage Nerd on April 26, 2011 · 4 comments

When I first started out as a loan officer my manager taught me about an acronym to help me understand the basic principles of mortgage underwriting. And I think that it could be helpful for somebody that is looking to get a mortgage. The acronym is PACIT and it stands for: Property: This is the […]

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