Letters
PC
What is Purchase Contract?
ILA
What is an installment loan fully amortized?
SUDs
What is Setup and Disbursement?
LO
What is loan officer?
This team member is in the top ten for the longest tenure with FB.
Who is Heidi?
DOT
What is a deed of trust?
ILB
O&E
What is owner and encumbrance?
MTCE
What is loan Maintenace?
This team member owns at least 7 birds and spends a lot of time volunteering at a local bird sanctuary on the weekends.
Who is Isaac?
AMORT
What is amortized (amortizing)?
BOI
What is branch order item?
SOA
What is a statement of authority?
TIC
What is tenancy in common (tenants in common)?
Had a fun time working thru a loan with a dead guy recently.
Who is Laura?
POA
What is power of attorney?
What is internal order item?
TC (This is a 2 part one)
What is:
- Title Company
- Title Commitment
C.O.
What is certificate of occupancy?
This team member has a pet rabbit named, Mr. Elderberry "Berry Buns".
Who is Stacy?
SLT
What is senior leadership?
What is problem loan committee?
REG B (also provide when/how we work with it in Processing)
What is regulation B?
- new money, 1st DOT, when a new valuation is used
- Borrower must be informed they have certain rights.
- Borrower receive a copy of the new valuation a minimum of 3 business days prior to closing.
PCR (This is a 4 part one)
What is:
- Property Condition Report
- PreClose Review
- PreClose Risk
- PostClose Reivew
This team member has a WFH "assistant" who is a sausage-y 22lb pug, named Gertrude.
Who is Cara?