TOPIC: ATR

Can you do one 4506T form when doing multiple loans to one customer

VP at a bank ($14.3BUSA)
If a borrower has two loans that are in process at the same time, is it customary to rely on just one signed 4506T form for both loans? It would make sense to me to have the borrower only sign one form because there is no loan number referenced on the form and you wouldn't order the transcripts twice as they are going to be the same.

    ATR for Self Employed

    Employee at a bank ($224MUSA)

    When calculating the ATR for a self-employed borrower on a personal loan, can you use the DSC coverage instead of the DTI? Of course we would still get the supporting documentation the same as with the DTI.

      QM ATR Worksheet (not small creditor)

      SVP at a bank ($561MUSA)

      This is an expansion of an ATR Worksheet that I found on this site. It includes items needed as a large creditor. Some fields have drop down lists. We are using it in our centralized documentation area to verify that all steps have been taken. There is a separate financial analysis that is not included.
      Fields are protected - password ATRchecklist.