Fannie Mae will no longer accept back a mortgage that was repurchased by a secondary market investor, government-sponsored enterprise or private institutional investor — even if the lender cured the defect in the loan.
Read more on Housing Wire.
Tuesday, November 30, 2010
query: what kind of experience leads to a job in mortgage underwriting
In my opinion, a good underwriter can be taught the mortgage rules IF they have the basic smarts and analytical talents. It's not an entry level position and most often underwriters move up out of mortgage processing. I have to say, however, that most of the underwriters I hired and trained when I was in mortgage banking did not. Most were simply excellent performers in a related
query: what kind of experience leads to a job in mortgage underwriting
In my opinion, a good underwriter can be taught the mortgage rules IF they have the basic smarts and analytical talents. It's not an entry level position and most often underwriters move up out of mortgage processing. I have to say, however, that most of the underwriters I hired and trained when I was in mortgage banking did not. Most were simply excellent performers in a related
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