Tampa Attorney Discusses the Hidden Value of the Gig Economy for Mortgage Lenders
In his bylined article featured in the October 2018 edition of Mortgage Compliance Magazine, Tampa attorney Brett Owens discusses the need for mortgage lenders to develop tools to identify gig workers as qualified borrowers. Under the existing mortgage lending guidelines, most lenders do not consider gig jobs as producing verifiable income. Brett explains if “mortgage lenders do not find a way to analyze the earnings data of gig workers in a meaningful way, the end result will be twofold: many gig workers will not qualify for mortgage loans, and mortgage companies will miss opportunities to lend money to potentially qualified buyers.”
To read the full article, visit Mortgage Compliance Magazine.