Underwriter must make sound decisions on loans regarding credit worthiness of borrowers while working closely with Retail MLO’s, [TH2] and operations staff.Job Responsibilities: As an Underwriter you will be responsible for managing and monitoring daily workflow of your files and be an expert on agency loan guidelines and Stearns internal underwriting procedures.( <<hint!

Most credit worthy renters are going to do what it takes to salvage credit imo.

As a NRA opening a C-Corp, I'm curious if my corporation would be able to obtain financing? Obviously it has no credit history, so would the bank run my credit instead? Is it advisable to assume the liability of the l...

They rely on credit-worthiness to make a sale, so they will only mail to people with high scores.

If you are securing a HELOC, closing it will all depend on the value of your home and your creditworthiness. 

When people don’t have jobs and make less money, they have less money to spend, which perpetuates the cycle for consumers.As incomes decrease, people’s creditworthiness decreases which gives them even less purchasing power.

Heloc are split into 2 sections a draw and repayment period and rates are higher than cash outs (interest rates range between 3.75 and 11.99% depending on the lender, loan amount and creditworthiness of the borrower) and interest only payments through the draw period with ballon on the back end of the repayment period.

@Wilson PunThey will still run your credit for credit worthiness.  

Just like a SFH, in multifamily you can buy something cheap in a bad market and rent it to whoever without a credit check or you can buy a high class asset in a great market and rent it out to the best credit worthy residents out there - all from one centralized office with onsite management taking a 3.5% fee instead of 10%. 

Instead of looking at the income a property can generate or an analysis of the borrower’s creditworthiness, bridge loans are based on the value of the property.