Grapevine Discusses Treatment of Unreimbursed Expenses

A Mortgage Grapevine poster was wondering about how an underwriter treated a client’s unreimbursed expenses in the loan application.

Specifically the underwriter considered it debt and put it as part of income. The originator had in the past deducted it from income.

Other posters give their views on the proper interpretation at bit.ly/Ym9oMe.