[Gholloway]

Epicenter, Gaby Holloway, IBC Bank, Group 3

(fun fact, the trainer for Epicenter is from Laredo, TX, the city where I live 🙂

[Gholloway]

Midnight Bourbon, Gaby Holloway, IBC Bank, Group 3

[Gholloway]

Long Range Toddy, Gabriela Holloway, IBC Bank, Group 3

[Gholloway]

Combatant, Gaby Holloway, IBC Bank, Group 3

[Gholloway]

So are you saying that in this example you would report “2” for “Total Units”? Even though they are separate units securing the loan and only reporting the address information on one of the units?

[Gholloway]

To clarify — we have applications where the income may or may not be included. Income is not evaluated or considered until after the applicant “passes” the credit score requirement. If the credit score is not sufficient the application is denied based on credit. In these cases, where income was not evaluated YET, is reporting income as “NA” acceptable? thank you

[Gholloway]

If we deny the loan based on the credit score ONLY — could we report income as “NA” since the income was not relied upon in making the credit decision?

[Gholloway]

yes it is construction to permanent. And it is a separate loan that was made from the original loan for construction.

[Author]

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