Radian On Air

Non-Traditional Credit - 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.


In this episode, we delve into the complex and often misunderstood topic of non-traditional credit history in mortgage loan underwriting. Non-traditional credit history refers to alternative forms of credit that can be used when traditional accounts like student loans, mortgages, credit cards, or automobile loans are not present. We will explore:

  • What is a non-traditional credit history?
  • Fannie Mae’s Eligibility Requirements for non-traditional credit
  • Underwriting non-traditional credit
  • Scenarios to understand the application of non-traditional credit in mortgage loan underwriting



Resources

Fannie Mae Selling Guide


Freddie Mac Seller/Servicer Guide


Sign up for Radian National Training Updates