As a whole, this process is referred to as mortgage underwriting, and it has many steps. Basically, the lender wants to assess your ability and willingness to repay the loan. Willingness is a bit hard to measure. But they can easily measure your financial ability to repay.
What is the 'Debt-To-Income Ratio - DTI'. A personal finance measure that compares an individualâs debt payment to his or her overall income. A debt-to-income ratio (DTI) is one way lenders (including mortgage lenders) measure an individualâs ability to manage monthly payment and repay debts. DTI is calculated by dividing total recurring monthly debt by gross monthly income, and it is expressed as a percentage.
General Information What is EDI? Electronic Data Interchange (EDI) is a set of standards for structuring information to be electronically exchanged between and within businesses, organizations, government entities and other groups. The standards describe structures that emulate documents, for example purchase orders to automate purchasing. The term EDI is also used to refer to the implementation and operation of systems and processes for creating, transmitting, and receiving EDI documents. Transactions sets that are supported by... Albertsons 875 - Purchase Order 880 - Invoice