Gustan Cho Associates's video: Manual Underwriting - FHA and VA 2021

1. FHA and VA loans are the only two mortgage programs that offer a manual guarantee. - Manual insurance is when the Automatic Guarantee System (AUS) cannot approve / qualify and transfer orders / qualify - Referral / Eligibility Arrangements are made when the Automatic Emissions Insurance (AUS) Scheme determines that the borrower is eligible but cannot establish robust automatic approval - Referral / eligible means the file is routed to your mortgage insurer for a fully detailed manual guarantee - There are general loan underwriting guidelines for both FHA and VA loans - The FHA and VA guidelines on underwriting manual risk are similar with regard to the credit-to-income ratio guidelines - However, the FHA Mortgage Guidance for a Manual Mortgage does not have rigid requirements - Mortgage insurers have a great deal of flexibility in manually documenting loans - Manual coverage is when an application for a mortgage cannot be approved / eligible under an automated risk rating system. Read more https://gustancho.com/fha-manual-underwriting-mortgage-guidelines * You want to know more, contact The Gustan Cho Team at 262-716-8151 or send a text message for a faster response. Or write to us at gcho@loancabin.com. We are available 7 days a week, in the evening, on weekends and holidays. * CHECK IF YOU QUALIFY: www.gustancho.com/fast-quote ***** Follow me ***** on Social Media 1. https://www.facebook.com/TheGustanChoTeam/ 2. https://www.facebook.com/alexcarlucciMortgage/ 3. https://www.instagram.com/gustanchoas... Be sure to subscribe for more: https://www.youtube.com/c/GustanChoAssociates ALEX CARLUCCI - SVP Mortgage Banker, NMLS # 229891 ALEX STATE LICENSES: - Alabama - Colorado - 100511536 - Florida - LO40799 - Illinois - 031.0026265 - Indiana - 38913 - Michigan - 229891 - Mississippi - Pennsylvania - 72654 - Tennessee - 200345 COMPANY ALL-STATE LICENSES: - Alabama, California, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, New Jersey, Pennsylvania, Tennessee, Texas , Ohio All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Loan Cabin, Inc. and GCA does not guarantee the quality, accuracy, completeness, or timeliness of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Loan Cabin, Inc.. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. © 2021 - Gustan Cho Associates NMLS 873293, DBA of Loan Cabin Inc. NMLS 165732 Address: 1910 S Highland Ave, Suite 300 Lombard, IL 60148 manual uderwriting, fha, va, fha manual underwriting, va underwriting