Underwriting
Mortgage Services III, LLC Correspondent Lending Seller Guide
Version 10/28/08
REV (7/15/10)
Underwriting
7-i
Posted 7/15/10
7 - Table of Contents
7 - UNDERWRITING ....................................................................................................... 7-1
OVERVIEW ........................................................................................................................... 7-1
Description .................................................................................................................... 7-1
Philosophy ..................................................................................................................... 7-1
Underwriting Options ....................................................................................................... 7-1
Underwriting Methods ..................................................................................................... 7-1
Important ...................................................................................................................... 7-2
Conventional Loans ......................................................................................................... 7-2
Government Loans .......................................................................................................... 7-2
Underwriting Help ........................................................................................................... 7-2
Loan Quality ................................................................................................................... 7-2
REGULATORY COMPLIANCE......................................................................................................... 7-4
Overview ....................................................................................................................... 7-4
Correspondent Warranty .................................................................................................. 7-4
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