Emily B.

General Appraisal ResponsibilitiesEnsuring that the appraiser uses sound reasoning and provides evidence to support the methodology used for determining the value;Compliance with the ECOA Valuation...

For loan amounts up to $500,000, an option for a transferred appraisal may be possible. The transferred appraisal, if not originally ordered through the lender, but was for a prior transaction, may...

Loan Amounts up to $500KFor loan amounts between $10,000 and $500,000, the lender utilizes automated valuation models (AVMs) in the following order of preferencePrimary AVM: Clear Capital (AVM1)FSD...

If a debt is reflected on the borrower’s credit report, the borrower is personally liable for the debt and it must be included in the debt-to-income ratio. Debts paid by the borrower’s business or ...

Any known and active litigation involving the Borrower, including bankruptcy, foreclosure, deed-in-lieu, pre- foreclosure, short sale, judgments, tax liens, collection accounts, and charge-offs are...

When a monthly student loan payment is provided on the credit report, that amount may be used for qualifying purposes.If the credit report does not reflect the correct monthly payment, the monthly ...

Revolving debt is open-ended debt in which the principal balance may vary from month to month. The minimum required payment as stated on the credit report or current account statement should be use...

Installment debt is a monthly obligation with fixed payments and terms. Payments on installment loans must be included in the Borrower’s debt-to-income ratio. Payments can be excluded if there are ...

Monthly alimony, child support, or separate maintenance fees must be included in the borrower’s debt-to-income ratio. The file should contain supporting documentation as evidence of the obligation,...

Step 1Borrowers can connect to their personal and business bank accounts with Plaid CRA.Note: A minimum 680 FICO is required to utilize business bank accounts.Plaid CRA communicates directly with t...