Tag Archives: home loan

White and Asian Borrowers More Likely to be Approved for a Conventional Loan

Black and Hispanic applicants twice as likely to be denied mortgages By Jeff Sorg, OnlineEd Blog (November 3, 2016 – Zillow) White and Asian borrowers are more likely to be approved for a conventional loan than black or Hispanic borrowers, according to the latest federally released data from the Home Mortgage Disclosure Act (HMDA). The disparity […]

The 3 Cs of Loan Underwriting Approval

(Jeff Sorg, OnlineEd) – When making a residential real estate loan application, qualifying ratios are only the beginning of the approval process. The “Three Cs” of loan underwriting approval are: Credit – the credit history of the applicant; Capacity – the income and ability to service the desired loan debt; and Collateral – the value […]