BOOK OF THE MONTH
Mortgage Risk: A Blueprint for
written by Mortgage Women Magazine’s columnist,
Q. What is the book about?
A. Mortgage Risk: A Blueprint for Smarter Origination explores
"the why" behind underwriting principles and risk assessment.
Along the way, readers will encounter helpful and innovative
concepts such as mainstream housing, financial responsibility, asset-based borrowers, the cash-out spectrum, net/gross
ratio, and financial underwear. The first eight chapters mirror
a loan file (application, credit, assets, etc.), and the last ten
expand to topics like fraud, the meltdown, borrowers, how to
assess risk and decision loans, and underwriting management.
Q. Who is it for?
A. The book started out as a handbook for underwriters
who weren’t exposed to the nuances of underwriting, but it
ultimately became much more. It is relevant for processors
aiming for promotion and every other industry professional
who is curious about what makes a loan request approvable
Q. What will readers gain from it?
A. As the title says, readers will gain “A blueprint for smarter
origination.” The “blueprint” is relevant in two respects. Underwriters and those in affiliated positions will use the book
as a resource to enhance competency. For decision-makers,
the blueprint is the plan for restoring the industry's ability to
effectively balance risk and rules.
Q. How can readers get the book?
A. The book may be purchased on Amazon in print or ebook