PRICING POLICIES AND LOAN REGISTRATION
GENERAL PRICING, RATE GUARANTY AND LOAN DELIVERY
AMERICAN SOUTHWEST MORTGAGE CORP. PRICING STATEMENT
LOAN REVIEW AND PURCHASE
REPRICE POLICY
LOCKS THAT EXPIRE OR REQUIRE EXTENSION
CHANGES TO LOAN PARAMETERS
SPECIAL COMMENTS
LOCK-IN REGISTRATION FORM
PROCESSING AND UNDERWRITING ISSUES
GENERAL PROCESSING
INCOME/EMPLOYMENT
- Stability of Income
- Secondary Income
- Commission of Income
- Overtime/Bonus Income
- Part-Time Income
- Car Allowance
- Recently Discharged Veterans
- Union Workers
QUALIFYING RATIOS/ADEQUACY OF INCOME/LIST OF COMPENSATING FACTORS
- FHA
- VA
- Conventional Conforming
FUNDS FOR CLOSING
- FHA
- VA
- Conventional
SALES CONCESSIONS
- FHA
- VA
- Conventional
COMMON CREDIT HISTORY ISSUES
- Bankruptcy
- Forclosure
- Past Due Accounts
- Notices of Insufficient Funds on Bank Statements
- Credit Alert, LDP GSA
ALTERNATIVE DOCUMENTATION FOR CONVENTIONAL LOANS
- Alternative Verification of Employment
- Use of Bank Statemetns
- Alternatives to Direct Housing Verification
CONSTRUCTION TO PERM
- Purchase or Refinance Diagnosis
- Cash Back on New Construction Transactions
- Acquisition Cost Documentation
- Determining Borrower's Equity
- Additional Information Will Help the Underwriter
FANNIEMAE ANNOUNCEMENT 98-04
CONVENTIONAL SUBMISSION FORM
UNDERWRITING ISSUES
UNDERWRITING GUIDELINES
Underwriting Philosophy
Time Frames
Credit Only/Pre-Qualify Underwriting
File Return Policy
ASMC Standard Approval Requirement
AUTOMATED UNDERWRITING
- Underwriting Decisions
- DU
- LP
- Documentation
- Income
- Stability of Income
- Secondary Income
- Commission Income
- Overtime/Bonus/Tip Income
- Part-Time Income
- Assets
- LP
- DU
- Ratios
- Appraisal Flexibilities
- 2075
- 2065
- 2055
AUS SUBMISSION FORM
CLOSING PROCEDURES
CLOSING PROCEDURES FOR AMCAP TABLE FUNDED TRANSACTIONS
CLOSING INSTRUCTIONS
SHIPPING INSTRUCTIONS
SHIPPING SUBMISSION INSTRUCTIONS
SHIPPING SUBMISSION CHECKLIST
NOTICE OF DELIVERY FAULT
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