loan processing: Checklist for Rapid Processing Checklist
- 08/28/07 02:22 PM
Below is my Checklist for Rapid Loan Processing (80% Less Paperwork) Borrower's Name: Loan Number #: ➢ Determining Rapid Eligibility - must meet ALL of the following:0 LTV/CLTV is 90% or less – Up to 95% LTV available only on conforming fixed rate purchase and rate/term (limited cash-out) refinance loans0 The primary applicant with highest income has middle bureau score of at least 700• For TLTV/CLTVs at or below 70%, the minimum credit bureau score is 660• 2nd homes over $750,000 or conforming cash-out transactions over 70% LTV require 720 or greater score.0 Borrowers’ tri-merged credit report containing 3 open … (2 comments)
Below is my Checklist for Rapid Loan Processing ;)
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