Do the borrowers have sufficient funds for closing and reserves? Nontraditional credit sources Verification of mortgage Verification of deposit Did the borrowers make their housing payments on time? Nontraditional credit sources Verification of mortgage Verification of deposit If the borrowers don't have a traditional credit profile or credit score, what can be used instead?

Answer rating: 100% (QA)

When borrowers dont have a traditional credit profile or credit score lenders may use alternative methods to assess their creditworthiness and ability ... View the full answer