Non-QM Lender Mbanc Underwrites Borrower Income from Mobile Wallets

August 30, 2021

National Mortgage News, Aug. 30, 2021–Brad Finkelstein (subscription)
Mobile wallets such as PayPal, Venmo and Zelle are being used in an increasing number of transactions by U.S. consumers. But that can pose a quandary for mortgage loan underwriting when it comes to business owners whose revenue comes through these cash apps.
https://www.nationalmortgagenews.com/news/non-qm-lender-mbanc-underwrites-borrower-income-from-mobile-wallets