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AIM for SelfEmployedIntroduction This reference is for understanding the automated income assessment with Loan Product Advisor using tax return data, part of the asset and income modeler (AIM) as
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Loan Product Advisor AIM (Automated Underwriting System) aims to streamline the mortgage application process by providing an automated assessment of a loan applicant's eligibility.
Lenders and mortgage brokers are typically required to file Loan Product Advisor AIM as part of the mortgage underwriting process.
Loan Product Advisor AIM can be filled out by entering the necessary applicant and property information into the automated system.
The purpose of Loan Product Advisor AIM is to efficiently evaluate a loan applicant's creditworthiness and determine their eligibility for a mortgage.
Loan Product Advisor AIM typically requires information such as the applicant's income, assets, credit history, and property details.
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