learn asset-statements-and-income-verification 
Housing Wire
JUNE 28, 2022
Mortgage technology provider Roostify is hoping to bring in more self-employed borrowers by adding mortgage automation provider Indecomm ‘s automated income calculation technology, it announced Tuesday. The partnership between two firms comes at a time when the mortgage origination market is shrinking, led by surging mortgage rates.
Housing Wire
MARCH 23, 2021
In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements. Wherever there is commerce, there will be fraud, and the mortgage industry is no exception.
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Quicken Loans
SEPTEMBER 8, 2021
Lenders want to confirm that you’re earning enough income to afford the mortgage. If you’re self-employed, you’ll need copies of your last two federal income tax returns as well as profit-and-loss statements in order to verify your source of income. Asset Statements. Debt Statements.
Housing Wire
DECEMBER 14, 2023
Sarah Wheeler: How did you get into the verification space? Kirill Klokov: It was through experiencing how verifications can be broken myself. When you need to verify income for people who don’t have a credit score or they have a thin file — that’s when you need to understand the customers’ ability to pay.
Housing Wire
DECEMBER 7, 2021
That’s not just a platitude; before the Civil War, most Americans were self-employed, there was no federal income tax and banking was decentralized, making it practically impossible to verify a borrower’s employment, income and assets. It’s time we removed trust from the picture entirely.
PennyMac
MARCH 4, 2024
There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. When comparing lenders, it’s worth taking your time and choosing carefully. A good mortgage lender is a valuable resource and can make the home-buying process easier and less stressful. Direct lenders.
PennyMac
FEBRUARY 12, 2021
However, before we dive into the pros and cons of refinancing from an FHA to conventional loan, it’s important to learn the basics of these mortgage insurance premiums and costs. *. Learn more below.). Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA).
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