Assessing Borrower Risk: Important Trends to Watch

I’ve been noticing an increasing number of loans getting flagged for compliance issues related to borrower income verification. It seems like lenders are tightening their standards, especially for self-employed applicants. Has anyone else experienced similar trends recently? It might be worth discussing how we can adapt our strategies to stay ahead of these changes.

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I’ve definitely seen this tightening, especially with self-employed borrowers — it’s essential to get those income docs in order right from the start. Have you tried using any new software tools to streamline the process?

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