Non-Occupant Borrower - Unlocking Loan Solutions with Radian

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)
• Fannie Mae Non-Occupant Borrower Fact Sheet
• Freddie Mac Selling Guide 5103.1, Mortgages including a non-occupying
  Borrower

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