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Navigating Non-Traditional Income Sources in Mortgage Lending: Essential Strategies for Loan Officers In today’s evolving financial landscape, mortgage lending professionals must effectively navigate diverse income streams to successfully underwrite loans. Understanding and validating non-traditional income sources—such as freelance earnings, gig economy revenues, rental income and investment returns—is critical. Below, we outline comprehensive strategies and practical guidance for loan officers to confidently and accurately evaluate these income types to improve loan approval outcomes. Read More
Protecting Yourself from Mortgage Wire Fraud: Comprehensive Prevention Strategies and Actionable Advice Mortgage wire fraud continues to pose a significant threat, potentially leading to devastating financial losses for unsuspecting homebuyers. At its core, mortgage wire fraud involves cybercriminals deceiving individuals into wiring their down payment, closing funds or other payment to fraudulent accounts. To effectively safeguard your financial future, we outline in detail the essential steps, preventative strategies, and immediate actions to undertake if you become targeted by wire fraud. Read More