Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Can anyone give me a true definition of "donor". Underwriter will not allow one borrower to pay off another borrowers debt on the same loan. Why is it considered a gift if we have verified assets in the file? I understand a gift is not allowed to pay off debt from a true donor. I disagree with a this underwriter. I have researched and can not find the true definition of donor. Any suggestion guys?