Non-QM / hard money LOs — where do borrowers actually walk in prepared, and where do they always need hand-holding?
Specifically asking the non-QM / hard money / investor-side crowd — DSCR, bank statement, fix-and-flip, foreign national, ITIN, ground-up construction.
Working on a project that assumes borrowers walking in with a complete pre-assembled doc list actually saves you time. Want to sanity-check the premise before I keep building.
Specifically curious about the items that trip borrowers up most often — apostille / certified translations for foreign nationals, BK seasoning math, state-specific items like TX 50(a)(6) or NY CEMA, source-of-funds documentation for large deposits.
Where do you see borrowers actually walking in prepared, and where do they always need hand-holding?
u/mattahmadi62 — 3 days ago