Form 1008 underwriting-2025

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2018 4.8 Satisfied (49 Votes)
2009 4.4 Satisfied (565 Votes)
2008 4.2 Satisfied (42 Votes)
2005 3.7 Satisfied (43 Votes)
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Form 1008 features all the summary data required for a mortgage loan, plus calculated figures, such as debt-to-income ratio, income, and liability amounts. Loan underwriters process form 1008 data to help them decide on whether to issue a loan and how much to issue.
The 1008 is called the loan transmittal summary and is a summary of the final loan application called the 1003. It used to be signed by underwriters as a notification that the terms/information is correct.
Lenders use this form to summarize key information utilized in the comprehensive risk assessment of the mortgage loan and the final underwriting decision -- such as loan purpose, property type, proposed monthly payments, and debt ratio -- for manually-processed applications related to conventional first and second
Form 1008 by Fannie Mae, also known as the Uniform Underwriting and Transmittal Summary, is often used by lenders to analyze the key summary data of an application, and make underwriting decisions based on that.
A 1008 Form also known as a transmittal summary is a mortgage specific document that summarizes the data for a mortgage loan. This summary commonly includes items such as: Loan-to-Value ratio, debt-to-income ratio, and various key values for the loan.
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