Non-agency lender Deephaven has announced new income qualification options that are designed to enable brokers and correspondents to compete for more credit-worthy borrowers who are locked out of agency mortgages.
The company’s new asset utilization calculations determine qualifying income based on a broad range of assets – including personally held stocks, bonds, mutual funds, vested amounts of retirement accounts and personal bank accounts.
“These options give loan officers the opportunity to fill a large
