Sentences with phrase «of nontraditional credit»

Ideal for borrowers who need to be evaluated on the basis of nontraditional credit.

Ideal for borrowers who need to be evaluated on the basis of nontraditional credit.

Not exact matches

Mike Collins, co-founder of Launch Angels, a VC firm that creates and manages university alumni investment funds, credits technological innovations with the rise in nontraditional VC groups.

A low credit score or a nontraditional credit history can hurt a borrower's chances of getting a mortgage.

A history of paying rent is considered nontraditional credit, for instance.

Tina is also former executive director of the Center for the Assessment of Post-Traditional Learning at Excelsior College and of the University of the State of New York, National College Credit Recommendation Service, a program linking workplace and nontraditional learning to college cCredit Recommendation Service, a program linking workplace and nontraditional learning to college creditcredit.

For example, this could include graduation requirements that reflect student comprehension of material instead of seat time or substitution of certain credit requirements with nontraditional courses.

People below Credit Score of 530 are generally ineligible for FHA loans; however FHA does offer some concessions for applicants without credit history who are categorized under «nontraditional credit history» or «insufficient credit» who meet other requireCredit Score of 530 are generally ineligible for FHA loans; however FHA does offer some concessions for applicants without credit history who are categorized under «nontraditional credit history» or «insufficient credit» who meet other requirecredit history who are categorized under «nontraditional credit history» or «insufficient credit» who meet other requirecredit history» or «insufficient credit» who meet other requirecredit» who meet other requirements.

But if you have no credit history or what's sometimes called a nontraditional credit history, which is one with no credit card debt or other kinds of loans, it might be harder to establish a set of credit stats.

Nontraditional Credit If an individual has no traditional history of credit — credit cards, or student or car loans — he or she may document a good payment record using other sources, including rent, utilities, telephone, cable payments, and other accCredit If an individual has no traditional history of credit — credit cards, or student or car loans — he or she may document a good payment record using other sources, including rent, utilities, telephone, cable payments, and other acccredit — credit cards, or student or car loans — he or she may document a good payment record using other sources, including rent, utilities, telephone, cable payments, and other acccredit cards, or student or car loans — he or she may document a good payment record using other sources, including rent, utilities, telephone, cable payments, and other accounts.

In comparison, a manual underwriting system is more labor intensive and accepts nontraditional forms of credit history.

Some members of the CashUSA.com lender network may choose to conduct a nontraditional credit check in order to determine your eligibility for a loan.

IndyMac's aggressive growth strategy, use of Alt - A and other nontraditional loan products, insufficient underwriting, credit concentrations in residential real estate in the California and Florida markets — states, alongside Nevada and Arizona, where the housing bubble was most pronounced — and heavy reliance on costly funds borrowed from a Federal Home Loan Bank (FHLB) and from brokered deposits, led to its demise when the mortgage market declined in 2007.

This mortgagee letter provides guidance to lenders and underwriters for establishing and evaluating nontraditional credit histories and also describes FHA's acceptance of those enterprises that can develop a verifiable credit history, no less than 12 months in duration, for borrowers with limited traditional credit.

Nontraditional Credit History: A record of credit performance shown with receipts and check stubs from payments to landlords, utility companies, child - care providers and other applicants who do not have a credit history from traditional loans and other forms of cCredit History: A record of credit performance shown with receipts and check stubs from payments to landlords, utility companies, child - care providers and other applicants who do not have a credit history from traditional loans and other forms of ccredit performance shown with receipts and check stubs from payments to landlords, utility companies, child - care providers and other applicants who do not have a credit history from traditional loans and other forms of ccredit history from traditional loans and other forms of creditcredit.

Documents confirming the existence for a nontraditional credit provider may include a public record from the state, county, or city records, or other means providing a similar level of objective confirmation.

A history of paying rent is considered nontraditional credit, for instance.

Artificial intelligence — Advances in automated underwriting and credit - risk analyses — such as taking into account traditional as well as nontraditional factors to determine an applicant's ability to pay, regardless of income — have enabled lenders to uphold credit quality when making loans to low - income borrowers.

A history of paying rent is considered nontraditional credit, for instance.