Review 1003 URLA application form for completeness of the information.
Review credit reports and highlight red flags, fraud alerts, public records, SSN alerts
Accurately calculate income as per documentation provided
Verify employment stability and identify any red flags in income documentation.
Necessary conditions to fulfill agency guidelines/lender overlays
Verify assets submitted, large deposits, liquidation, recurring debits, etc.
Review appraisal, preliminary title report, hazard insurance, flood certificate, and condominium documents
Adding necessary notes of review not limited to income calculation comments, asset verification, credit report finding, and property documents review.
Upload income calculation worksheet. Additional research documents (employer search, asset deductions, etc.)
Submit findings to underwriter for review