[soflo]

[Zach]

Become an ISO or work for an ISO and learn to vet bank statements/credit reports for the common things you come across. Look at different lender's approvals and try to understand why they are issuing the approvals they are. Look at all of the aspects of the deal, rather than just bank deposits (most new reps I see tend to do this). Check tradelines, check NSF activity, check balances,

I usually quote clients 85% of their gross monthly sales averaged with 3x their average ledger balances. Anything with less than 600 FICO I won't quote more than 8 months. I never quote 18 months unless the deal is A+++ paper. I'm usually not far off.

If you are looking to truly underwrite, you are going to have to go work for a lender. It's too much information to gather from a forum.