Borrower applied for home loans, having 51 separate loan inquiries on her credit report.

The issue was a student loan with no payment listed on the credit report to accompany the large loan balance.

Normally, we are required to charge the borrower one percent of the loan balance if there is no minimum payment listed on the credit report.

One of my loan processors was able to dig up information regarding our clients’ job, proving that she was only required to pay a percentage of her monthly income toward the student loan. This amount was significantly less than one percent of the balance.

Loan was approved through Mortgage Grader (52^nd application)!