Forum Replies Created

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    Gustan Cho

    Administrator
    February 16, 2024 at 6:41 pm in reply to: Why Do Mortgage Lenders Ask Borrowers For a CPA Letter

    @Peter.gun Ali has recently helped one of my borrowers get qualified for a home loan where the creditor misreported his information on the credit bureaus. The creditor now faces a potential lawsuit for victimizing my borrowers

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    Gustan Cho

    Administrator
    February 16, 2024 at 6:39 pm in reply to: Why Do Mortgage Lenders Ask Borrowers For a CPA Letter

    I like to introduce you to Ali the owner and President of Aldiva, Inc. Ali has helped numerous borrowers at GCA MORTGAGE GROUP on credit repair, third party litigation services for consumers who were victims of credit reporting act violations self Employed borrowers who needs CPA letters, people who need to form LLCs and sub-chapter S corporations, homebuyers who need ITIN, and borrowers who need advice on getting approved for residential, business, and commercial loans. Contact Ali @Ali if you need any further information about her services. Ali please post your company information and contact information on this forum. Aldiva, Inc. is highly recommended and she goes above and beyond for all her clients.

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    Gustan Cho

    Administrator
    February 15, 2024 at 5:00 pm in reply to: Why Do Mortgage Lenders Ask Borrowers For a CPA Letter

    Christian Sorenson @Christian Sorensen will attest to this but CPA letters are asked by mortgage underwriters of not just non-QM loans but also self-employed borrowers of government and conventional loans.

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    Gustan Cho

    Administrator
    February 15, 2024 at 4:52 pm in reply to: Why Do Mortgage Lenders Ask Borrowers For a CPA Letter

    Thank you Kimberly. On another note, there is no rush on the answer we are looking for about contract processing company needing to be licensed in a state if we are doing a loan via correspondent lending.

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    Gustan Cho

    Administrator
    February 15, 2024 at 4:50 pm in reply to: Why Do Mortgage Lenders Ask Borrowers For a CPA Letter

    Christian Sorenson @Christian Sorensen handles most of our government loans at Equity Prime Mortgage and he did request a lot of CPA letters from our borrowers. I can ask Christian to fact check on how it works.

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    Gustan Cho

    Administrator
    February 15, 2024 at 4:48 pm in reply to: Why Do Mortgage Lenders Ask Borrowers For a CPA Letter

    You do not have to be an actual certified public accountant. You need to be a registered or licensed tax preparer with a state and you are able to have them do it. You can ask Jordan Threatt who is one of our preferred wholesale lenders @JThreatt and he will tell you what his experience is. @Kim Kim Lambert is an experienced veteran contract processor and @Angie_Torres is our ops director at GCA and they can give you their opinions on this matter. @Ali Aldiva, Inc. is our preferred business advisor for our team at GCA Mortgage Group.

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    Gustan Cho

    Administrator
    February 15, 2024 at 6:44 am in reply to: Why Do Mortgage Lenders Ask Borrowers For a CPA Letter

    Self-employed borrowers are required by mortgage lenders to get a CPA letter. Many self-employed borrowers do their income taxes themselves and do not have a CPA. No need to be alarmed. The team at GCA Mortgage Group often refer self-employed borrowers who do not have an accountant or CPA to our preferred business development partner Aldiva, Inc. Ali the president of Aldiva, Inc. does CPA letters as well as income taxes, setting up new corporations and limited liability companies, credit repair, and business credit consulting. Ali will

    @Ali

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    Gustan Cho

    Administrator
    February 13, 2024 at 8:52 pm in reply to: James Strebel of REO Foreclosure Services

    James Strebel, where do you want the real estate agent forum to be and what will be the title. We have real estate group on the Group section. Good idea. Did not think of it. I am tagging Sapna on this so she understands. @sapna @Lilboss

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    Gustan Cho

    Administrator
    February 13, 2024 at 8:48 pm in reply to: James Strebel of REO Foreclosure Services

    James

    Arts and Crafts FORUM is in the GENERAL FORUM subforum

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