I am a LO with a company and I know the owners very well. I am thinking about getting certified for UW and asking to transition to that role. Can anyone tell me what certs I would need and is there any online schools worth looking at for it?
Primarily VA, FHA, and Conventional refinance. Some non qm's but majority of business is refinance. I could always add certs as needed but for now curious as to what I would need for the big three.
Hi all,
I have an interview for an underwriting position tomorrow. My screening call went well and now meeting a head of the department. I think my relationship management skills shined in the screening call, and my last question was what could I work on now that would benefit me for my next steps int he interview process, and the rep said maybe working on your numbers based skills. I do some basic budgeting and financial reading in my job now, but not too heavy.
Overall, asking for advice in general for an underwriting position as i'm not in the industry, as well as if just reviewing some basic financial principles should be enough. There is a training program and they're aware i'm not in the industry.
I recently applied for a HELOC loan for debt consolidation at my local credit union based on my loan officer’s recommendation. Their CLTV is up to 95%. I already submitted all request documents and just waiting to hear back. But I’m feeling really nervous about this process so I wanted to hear your thoughts on my approval odds:
- 750 credit score
- 74% LTV
- 60% DTI; but looking to consolidate all my unsecured debt which would drop me down to 43%; this was noted by the loan officer for the application
- stable job for 4 years with a 401k but no emergency savings fund
I know every place does calculations but wanted a general idea of what my approval odds look like!