Practice Case 1: Conventional Fixed Rate Purchase Loan

Get practice using Desktop Originator/Desktop Underwriter (DO/DU) to evaluate a 95% LTV mortgage for borrowers purchasing a leasehold estate as their primary residence.

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Case Study Highlights

  • Entering data for borrowers who share joint credit
  • Ordering a three-in-file merged credit report
  • Entering data for self-employed borrowers
  • Entering “Other” income
  • Entering “Cash deposit on sales contract”
  • Entering a buydown option
  • Entering “Estate in leasehold”

Complexity: Basic

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Using Practice Cases

  • Introduction to Practice Cases

    Our practice cases gives you unlimited hands-on experience with the underwriting process. The cases represent different common types of loan and provide data for one or more borrowers. The expected underwriting recommendation for each practice case varies (based on the latest version of DU).

Practice Cases