[Last updated April 28, 2025; originally published July 29, 2021] It’s an ordinary day of underwriting mortgage files and then you see it – a restricted stock unit (RSU) listed as income for the borrower. How will you handle this type of income? Depending on where you work, this may or may not be a […]
Originally published November 2022; checked for accuracy April 2025. This blog post comes from Ben DiMeo, Enact’s Senior Sales Consultant. He spends his time helping customers solve business problems by maximizing efficiencies, improving quality, and enhancing the customer experience. Many organizations believe in collecting a wealth of data to make the most informed and relevant […]
In recent years, climate-related events have begun to affect areas that were once considered less vulnerable. From wildfires in Lahaina, Hawaii—an area not traditionally known for such occurrences—to drought-induced saltwater intrusion in the Mississippi River, new environmental challenges are influencing landscapes and communities. This article, from our own David Foster, Enact’s Senior Real Estate Appraiser, […]
Checked for accuracy on March 11, 2025; originally published March 2023. We’ve got income calculation tools and tips to help you prevent calculation errors that can be costly and time consuming to fix. Our Income Calculation Tools page houses a collection of downloadable calculators and reference guides to help you analyze income to include a […]
As you work with your borrowers, you may face an instance of “hey, by the way, I’ve been offered a relocation program from my employer” – so what do you do next?! Get to know Employer Relocation Programs to help your borrowers effectively navigate the mortgage loan process. For the many loan scenarios you may […]
Checked for accuracy on January 23, 2025. In today’s fast-paced world, the art of effective problem-solving has been lost (or diluted) and often substituted with the common, yet risky approach of “trial and error.” However, when it comes to problem solving, there are disciplined techniques you can follow. These tips can help ensure that you […]
Rental income has been a popular guideline topic over the last year. Obtaining the required documentation and accurately determining the amount of rental income that can be considered can have a significant impact on a borrower’s ability to qualify. Since rental income is a broad topic, we’ll focus on one of the most common scenarios […]
In a recent webinar, our own Mike Derstine, EVP and Chief Risk Officer, and Mary Kay Scully, Director of Customer Education, dove into the key economic trends of 2024, providing a comprehensive overview of the housing and mortgage markets. The discussion highlighted significant growth in personal consumption, a strong labor market, and the impact of […]
Checked for accuracy on January 31, 2025. The best part about the mortgage industry is that we have the capability to work with many types of borrowers and meet them where they’re at in their homebuying journey. For potential homeowners who have fluctuating or variable income, you may wonder how to best handle this income […]
Borrowers come with many stories and backgrounds. That’s why you’ll need to be prepared on how to best navigate their various types of assets and reserves. We’ve got you covered! Marilyn Richter, Regional Underwriter at Enact, dives into some best practices on how to handle assets and reserves when you need an underwrite for your […]