Unlocking Loan Solutions with Radian: Non-Occupant Borrower

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

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In this episode, we explore the subject of non-occupant borrowers in mortgage transactions. We'll discuss what GSE guidelines consider when reviewing a loan with a non-occupant borrower, and how a non-occupant borrower may impact the loan decision.

- What a non-occupant borrower is and why they may be included in a loan scenario
- The GSE guidelines for non-occupant borrowers
- How to verify a non-occupant borrower's eligibility
- Real-world scenarios involving non-occupant borrowers

Resources:
Fannie Mae Selling Guide B2-2-04, Guarantors, Co-Signers, or Non-Occupant Borrowers on the Subject Transaction (09/02/2020): https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B2-Eligibility/Chapter-B2-2-Borrower-Eligibility/1032991971/B2-2-04-Guarantors-Co-Signers-or-Non-Occupant-Borrowers-on-the-Subject-Transaction-09-02-2020.htm

Fannie Mae Non-Occupant Borrower Fact Sheet: https://singlefamily.fanniemae.com/media/16481/display

Freddie Mac Selling Guide 5103.1, Mortgages including a non-occupying Borrower: https://guide.freddiemac.com/app/guide/section/5103.1