The First 3 Cs in Mortgage Lending

Version History

Version	Date	Change
1.0	June 26, 2023	n/a

Content Outline

Module 1: Credit Documents

• Credit Basics, Credit Bureaus & FICO Scores

• Credit Reports & Mortgage-Only Reports

• Hard Pulls & Soft Pulls

• LQIs & Credit Rescores

• Liens & Judgments

• Consumer Explanation Letter

• Credit Supplements

• Credit Payoffs

• Fraud Freezes

• Divorce Decrees: Court Ordered & Voluntary Agreements

• Bankruptcy, Foreclosure, Short Sales & Deed-in-Lieu

Module 2: Income Documents

• Income Calculation

• Income Worksheet.

• W-2 Employee Income Documents.

• Loan Beam

• Self-Employed Income Documents.

• Written and Verbal VOEs

• Other Income Sources: Rental, SSI, Disability, etc.

• Tax Transcripts

Module 3: Asset Documents

• Bank Statements

• Gifts

• Earnest Money Deposit (EMD)

• Other Assets

• Finicity