Mortgage Info for Homes and Small Business Financing

Trended Credit Data Empowers Creditworthy Borrowers

Trended Credit Data was to roll out with Desktop Underwriter 10.0 during the weekend of June 25th. That didn’t happen. Fannie Mae delayed the new version of the automated underwriting system (AUS) until issues with testing can be sorted out.  Desktop Underwriter 10.0 uses trended credit data in its analysis. What is Trended Credit Data… Continue Reading

The New Integrated Disclosures TRID

The new TIL-RESPA Integrated Disclosures (TRID) include the Loan Estimate (LE) and the Closing Disclosure (CD). Before last October, for any residential real estate transaction using mortgage financing you were to have been provided a Truth-in-Lending (TIL) and Good Faith Estimate (GFE) disclosures within three business days of your loan application.  In addition to these,… Continue Reading

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