MBA CRU case studies

MBA CRU · Put your knowledge to work in context.

The Certified Residential Underwriter (CRU) designation appears in the Mortgage Bankers Association's catalog of Certificates and Designations, listed alongside the AMP, CMB, CRI, CCMS, RCMS, CMCP, and the Residential Loan Processor Certificate. That listing is the only thing the source page confirms: it names the credential and places it under MBA's certificates-and-designations menu, which also links to a Digital Badge Program by Credly. The MBA CRU case studies are 5 cases and about 2,822 words.

S-Corp Owner: Declining K-1 Income and a Line-of-Credit Draw

Your borrower is a 60% shareholder in a specialty contractor and has applied for a 520,000 cash-out refinance at 80% LTV. The 1120-S returns show ordinary business income of 148,000 (2021), 121,000 (2022), and 86,000 (2023); the borrower also received W-2 wages of 60,000 each year.

626 words, about 3 min 2

Departing Residence: Lease Income With Only 5% Equity

A borrower is purchasing a new primary residence for 540,000 with 95% financing. Gross monthly income is 11,200; other monthly debt is 650; new PITIA is 3,600.

530 words, about 3 min 3

Gift Funds, an Unsourced Cash Deposit, and a New Auto Loan

Purchase price is 485,000 with 95% LTV and a 460,750 loan. Borrower income is 9,800 per month; PITIA is 3,300; other debt is 920; DTI is 43.1%.

577 words, about 3 min 4

Non-Warrantable Condo: Litigation, Investor Concentration, and a Special Assessment

A borrower is purchasing a 310,000 condo unit with 90% LTV. The 24-unit project has 5 units owned by one investor (20.8%); 6 units rented (25%); 3 units in foreclosure; 2 units still owned by the builder; an HOA annual budget of 48,000 with 6,000 in reserves; a pending 3,200-per-unit special assessment for roof repairs; and an HOA lawsuit against the developer for $1.2 million in construction defects.

525 words, about 3 min 5

Low Appraisal, a Questionable Flip Comparable, and a Roof Repair

Purchase contract is 365,000 with 95% LTV. The appraisal comes in at 352,000.

564 words, about 3 min