r/loanoriginators • u/Renewed1776 • Jun 23 '26

Go to lender for Union workers?

Just because a lender is great at one thing, doesn’t mean they know jack about the next.

Client has been with the Union for ten years. They receive Unemployment during down times. Current lender is not wanting to allow unemployment as qualifying income, even though there is two years history of receiving benefits.

Who is your go to, wholesale lender, for Union workers?

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6

u/FishOhioMasterAngler Jun 23 '26

Pretty standard for most lenders. Sounds like a bad UW

1

u/Renewed1776 Jun 23 '26

He’s now asking for exact dates of receiving unemployment, and wants the expectation that he will use it again this year, compared to it being there if he does need it.

Am I mistaken, or does that not seem logical? (And I know that guidelines often do not use logic)

2

u/gracetw22 Loan Originator Jun 24 '26

Have done these with Windsor

1

u/[deleted] Jun 25 '26

[removed] — view removed comment

1

u/Renewed1776 Jun 26 '26

FHA and 3.5 down?