Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

ATR/Underwriting

Helpful Documents: • Paystubs • W-2s

• Underwriting summaries • Verification of Employment

Internal Use Only

Qualified Mortgages Points and fees are less than or equal to 3% of the loan amount. No risky features: negative amortization, interest-only, or balloon loans.

Maximum loan term is less than or equal to 30 years. .