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Radian On AirAuthor: Radian National Training
Tune into expert insights & learn on the go. Monthly episodes on exciting mortgage & real estate topics, brought to you by Radian National Training. Our industry-leading training has helped hundreds of thousands of mortgage professionals expand their knowledge & skills and gain a competitive edge. Language: en-us Genres: Business, Technology Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Non-Traditional Credit - Unlocking Loan Solutions with Radian
Thursday, 6 June, 2024
This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.Watch the VideoDownload the Job AidAll episodesIn this episode, we delve into the complex and often misunderstood topic of non-traditional credit history in mortgage loan underwriting. Non-traditional credit history refers to alternative forms of credit that can be used when traditional accounts like student loans, mortgages, credit cards, or automobile loans are not present. We will explore:What is a non-traditional credit history?Fannie Mae’s Eligibility Requirements for non-traditional creditUnderwriting non-traditional creditScenarios to understand the application of non-traditional credit in mortgage loan underwritingResourcesFannie Mae Selling GuideSection B3-5.4, Nontraditional Credit HistoryB3-5.4-01, Eligibility Requirements for Loans with Nontraditional CreditB3-5.4-02, Number and Types of Nontraditional Credit ReferencesB3-5.4-03, Documentation and Assessment of a Nontraditional Credit History B3-2-03, Risk Factors Evaluated by DUB2-2-04, Guarantors, Co-Signers, or Non-Occupant Borrowers on the Subject TransactionB2-2-06, Homeownership Education and Housing CounselingFreddie Mac Seller/Servicer Guide5201.1 Credit assessment with Loan Product Advisor®Sign up for Radian National Training Updates
