Hey thanks for discussing this with me Tracy. So I'll clarify a little more ...I try to put as little as possible on here b/c alot of times I tend to get to lengthy in my description ;-)
Yes credit was pulled first thing, so the LO and UW had all the credit information and they had enough documentation in the file to calculate Income. It had something to do with a certain piece of property that it appears they were counting as Income and the UW didn't feel there was sufficient documentation to use that Income.
The MBO made that stmt, without that "property" , their income was basically cut in half so they needed more info to allow the UW to use this as Income, otherwise their DTI was above our policy to lend. That's how I perceived the stmt:
"The UW is coming up with "X" amount of Income without this property you are claiming for additional Income. What that means is your DTI is at 80%...are you coming up with that Income and Liabilities for us to review?"
In the other comment the LO says they "advised the Borrower their DTI is too high"....this right here is exactly what just red flags me as "Denied"
Trust in the Lord with ALL your heart...Prov 3:5-6