Mortgage underwriting: Can a letter of explanation regarding a past bankruptcy help you get your mortgage approved?

You want to diversify the type of credit on your reports to help your credit scores, if your credit score is close to the minimum requirement, you can give you some insight and help on how to possibly get it increased to meet your minimum requirements. Above all, and if you do get a list of conditions that must be resolved, take action immediately.

Want to check how your Mortgage underwriting Processes are performing? You don’t know what you don’t know. Find out with our Mortgage underwriting Self Assessment Toolkit: