Practice Case 2: Cash-Out Refinance Loan

Get practice using Desktop Originator/Desktop Underwriter (DO/DU) to evaluate an 85% LTV mortgage for borrowers who are refinancing their primary residence.

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Case Study Highlights

  • Entering data for two borrowers who share joint credit
  • Entering data for a self-employed borrower and an unemployed co-borrower
  • Ordering a credit report
  • Entering “Other” income
  • Completing the Details of Transaction for a refinance

Complexity: Intermediate

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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