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Question 1 of 5
1. Question
A borrower applies for a mortgage after being unemployed for over three years. The loan originator reviews what is generally required to establish acceptable income history.
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Question 2 of 5
2. Question
A borrower has been employed for only one year but has strong qualifications and a stable career path. The loan originator evaluates whether the income may still be used.
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Question 3 of 5
3. Question
A borrower had a gap in employment but recently returned to work as a registered nurse. The loan originator evaluates how this affects underwriting.
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Question 4 of 5
4. Question
A borrower applying for an FHA loan had a prior gap in employment but has been working steadily for several months. The loan originator reviews eligibility.
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Question 5 of 5
5. Question
A borrower had a period of unemployment and then returned to work. The loan originator must verify prior employment history.
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