Good Morning!
I want to give you a solution to a problem I see every day.
Disputed accounts.
Usually when I see someone with alot of disputed credit accounts its because a borrower has hired a company to try to “improve” their credit scores.
Often they are surprised to learn when they apply for a mortgage their loan officer, or the underwriter will want the disputes to be removed.
If you have alot of disputed accounts removing these disputes can be quite a chore. …and, it can take alot of time.
If the clock is ticking on your closing date this can often mean disputed accounts can kill a contract. …you just don’t have the time to remove them.
Here is one way to solve this problem without removing a single dispute:
Ask your loan officer to have the loan underwritten as a manually underwritten FHA loan. The underwriter can manually underwrite an FHA loan with the disputes in place. …they don’t have to be removed.
Problem solved.
I hope you have a great day! Thanks for reading!
Brett
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