The Value of PMI Underwriting Upfront
As more past short sellers come back into the housing market, lenders need to be keenly aware of how to prove hardship and extenuating circumstances.
Talking to a Private Mortgage Company (PMI) underwriter upfront to confirm what is needed has been a workable idea, especially when loans for past short sellers are originated with a lender that does not have a good amount of experience with hardship. (The last thing that you want to do is put the past short seller through a similar negative ordeal that they most likely endured with their short sale!)
Therefore, a list of PMI companies that are aware of this hardship criteria will be listed here. It has been useful to get PMI approval ahead of time for conventional mortgages where hardship or extenuating circumstances is found.