There are a couple underwriters who are very excessive on stips and when we do receive stips they are redundant. Do they get a bonus if the same stip is listed 4 times but worded different?They make me feel like they are working against me. The never ending paperwork is a grind. Also every underwriter is different and I'm tired of arguing that the Fannie Guidelines do not call for the excessive paperwork that the underwriter asks for. An example...Social Security verification... I have the bank statements for 2 months, the tax returns and the social security letter. The underwriter wants the 1099...WHY? Fannie does not ask for it if I have the rest of the paperwork. Then I have to go to Cathy who has to put it in an email to the underwriter who stills is asking for it. I do not know why some underwriters are so difficult to work with. My clients get tired of the endless paperwork and that's after I warn them upfront. I want to be able to question a stip and not feel that it's being held against me.
