Pre-qualifying a mortgage loan can be tricky, but thankfully CCM has a ton of resources and tools to make it easier on us. Links to most of these resources can be found in the Product and Investor Resource Center. For agency loans, CCM has very few overlays. So you’ll typically just reference the agencies guidelines directly and CCM has resource pages for each agency: Conventional, FHA, VA and USDA.
The Product Finder in LO One can be a great resource in identifying various community lending and other products that are a good fit for your borrower.
When qualifying loans for non-agency options (Jumbo, Non-QM, Broker, etc.), the search function on The Landing and the Product and Investor Resource Center will have all the resources you need to succeed. Particularly, the various matrices and Product Knowledge Series presentations are excellent resources to figure out which product suits your borrower’s needs and what the qualification requirements are.
The corporate scenario desks are extremely helpful when you either are unable to find a guideline or need to confirm how a guideline will be applied to your scenario. Don’t hesitate to reach out to them. Use underwritingscenarios@ccm.com for Agency loans and nonagency-scenarios@ccm.com for Non-QM/non-agency. The non-Agency scenario desk can also be helpful in pointing you in the right direction for broker loan options, but you’ll typically need to contact the Broker’s AE to confirm any specific details.
Finally, once you have qualified your borrower and are ready to provide a Pre-Approval letter, you can head to the Pre-Approval Resource Center for options and instructions to generate the letter.