Full Documentation

traditional income verification for employed or self-employed borrowers with complete tax return history.

Full Doc Self Employed

for business owners with two years of self-employment and complete business and personal returns.

Bank Statement

12 or 24 months of personal or business statements. Variable expense factor applied based on business type. NSFs and overdraft activity reviewed in context rather than used as automatic disqualifiers.

Asset Depletion / Asset Qualifier (Primary Residence Only)

for borrowers with significant liquid assets but limited monthly income documentation. Assets divided over 60 months (qualifier) or 120 months (depletion) to produce qualifying income.

How We Evaluate Complex Files

Our underwriting team reviews exception files with compensating factors rather than applying a binary pass/fail against a guideline grid. Over 40% of the loans we close have had at least one exception. A borrower with strong reserves and a low LTV who has a few late payments from two years ago is a very different risk profile than a guideline violation alone would suggest — and we underwrite accordingly.

NSFs in bank statements are reviewed in context. If the borrower’s overall credit history shows consistent payment behavior and cash flow is stable, NSFs from a difficult period don’t automatically kill the file. We want to understand what happened and whether it’s resolved.

Senior management reviews and signs off on exception approvals. That decision holds through underwriting — the loan is not re-evaluated at a lower level later in the process.