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jimmysol
89 Posts |
 Posted - 08/28/2008 : 12:26:07 PM
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4 months ago we ran this file LP at Taylor Bean and it was approved without provinding income docs. Now they have found a home, we need to re-run LP, but TBW does not take income waivers anymore.
What GOOD A-Paper Banks still take income waiver approvals for verification of income... or go off findings?
Purchase, TX, 789 Score, $250,000 price, 80% LTV, Tons of Assets, SFR, O/O, Doc Relief. |
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lukeallison
1402 Posts |
Posted - 08/28/2008 : 12:32:18 PM
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| Our retail side can close stated loans until Sept 5th. |
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bwp4u
72 Posts |
Posted - 08/28/2008 : 12:43:31 PM
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| If DU/LP is not asking for income docs I have had no problem getting those done anywhere, so long as the income is reasonable. You will need to re-run it to be sure the findings are the same if you have not already. |
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chriscall
183 Posts |
Posted - 08/28/2008 : 12:52:50 PM
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We can get this loan done no problem, in fact I wish every deal was like this one. Underwriting is running at 48 hour approvals and we would be able to get this closed next week....Please contact me to discuss this scenario and get it into UW.
Thanks |
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clearwaterny
347 Posts |
Posted - 08/28/2008 : 1:44:43 PM
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| I find that Amtrust is really easy to work with and most likely with that scenario you would receive an income waiver. |
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Ryan Robertson
244 Posts |
Posted - 08/28/2008 : 2:06:20 PM
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| If your still looking, give me a call? Thanks |
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Liquidgirl
104 Posts |
Posted - 08/28/2008 : 2:16:31 PM
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quote:
Originally posted by jimmysol
4 months ago we ran this file LP at Taylor Bean and it was approved without provinding income docs. Now they have found a home, we need to re-run LP, but TBW does not take stated anymore.
What GOOD A-Paper Banks still take stated income... or go off findings?
Purchase, TX, 789 Score, $250,000 price, 80% LTV, Tons of Assets, SFR, O/O, Doc Relief.
Homecomings will take this no problem |
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jscorbett
3648 Posts |
Posted - 08/28/2008 : 2:32:23 PM
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| What you are talking about is NOT stated it is income waivers |
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ehm3
978 Posts |
Posted - 08/28/2008 : 2:39:31 PM
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quote:
Originally posted by jscorbett
What you are talking about is NOT stated it is income waivers
key difference there too, I can't believe so many people are still in the biz and just don't get it. |
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showtime240
36 Posts |
Posted - 09/02/2008 : 10:09:44 PM
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| I know Countrywide has the income waiver, and I think Citi also. |
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hoangad
2929 Posts |
Posted - 09/02/2008 : 10:52:49 PM
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quote:
Originally posted by Liquidgirl
quote:
Originally posted by jimmysol
4 months ago we ran this file LP at Taylor Bean and it was approved without provinding income docs. Now they have found a home, we need to re-run LP, but TBW does not take stated anymore.
What GOOD A-Paper Banks still take stated income... or go off findings?
Purchase, TX, 789 Score, $250,000 price, 80% LTV, Tons of Assets, SFR, O/O, Doc Relief.
Homecomings will take this no problem
wrong, income waiver was discontinued for gmac a long time ago.
try JMAC, citi, chase, crestline,
good luck |
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