Non-QM Lending

What Every Broker Should Know About Bank Statement Loans

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For the past few years, bank statement loans have been the product of choice for most non-QM originators.

For the past few years, bank statement loans have been the product of choice for most non-QM originators. But despite all the attention that they have received, these loans have one of, if not, the lowest pull through rates of any non-QM product. I’d argue that there are two reasons for this. The first is, there continues to be a fair amount of confusion over how to derive the income calculation. The second is, our industry has been slow to understand who today’s self-employed customer really is and how diverse and complex their incomes may be.

Click here to learn more about what every broker should know about bank statement loans.

This article originally appeared in the National Mortgage Professional print magazine.

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Written by 
Ryan Carry
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What Every Broker Should Know About Bank Statement Loans
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What Every Broker Should Know About Bank Statement Loans

July 7, 2020
by
Ryan Carry

For the past few years, bank statement loans have been the product of choice for most non-QM originators. But despite all the attention that they have received, these loans have one of, if not, the lowest pull through rates of any non-QM product. I’d argue that there are two reasons for this. The first is, there continues to be a fair amount of confusion over how to derive the income calculation. The second is, our industry has been slow to understand who today’s self-employed customer really is and how diverse and complex their incomes may be.

Click here to learn more about what every broker should know about bank statement loans.

Written by 
Ryan Carry

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What Every Broker Should Know About Bank Statement Loans
June 25, 2020 9:18 PM
by
Ryan Carry
Originations

For the past few years, bank statement loans have been the product of choice for most non-QM originators. But despite all the attention that they have received, these loans have one of, if not, the lowest pull through rates of any non-QM product. I’d argue that there are two reasons for this. The first is, there continues to be a fair amount of confusion over how to derive the income calculation. The second is, our industry has been slow to understand who today’s self-employed customer really is and how diverse and complex their incomes may be.

Click here to learn more about what every broker should know about bank statement loans.

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