Loan Documents
This document requires a minimum of two forms of identification for each borrower
What is the Patriot Act Disclosure?
You quickly transfer relevant info from your email correspondence to this field
What is Custom Field 43?
Current vesting is found in this Schedule
What is Schedule A?
The date Altitude opened for business
What is Wednesday, May 27, 2020?
Fredric Baur was the inventor of this and also buried in one when he died in 2008. Apparently the "fun does stop" regardless of how often you "pop"
What is a Pringles can?
The amount of business days borrowers must wait to sign their final loan documents once they have signed, or received per the "mail rule", the Initial CD
What is 3?
How the body of your emails begin
What is by addressing the intended parties?
Items that will not be covered by the Final Title Policy are listed in this section
What is Schedule B, Exceptions?
To date, this is the month and year Altitude hit its highest record of funded units (405) AND volume ($100mil+)
What is March, 2021?
A TI-83 calculator has six times more processing power than this "Eagle Landing" device
What is the computer that landed the Apollo 11?
The right of rescission cancellation expiration date for a borrower that signed on Monday, August 5th
What is Thursday, August 8th?
This is done when an eta has not been provided for a condition you requested 1 hr ago for a file funding the same day
What is FOLLOW UP?
When working on a primary purchase transaction, you'll request this for a 2nd lien when listed in Schedule B, Requirements section of the prelim
What is nothing?
The first and last name of the President and Owner of Altitude Home Loans
Who is Faisal Adil?
Each year in New York City, approximately 1,600 people are bitten by this
What are other humans?
The latest date a borrower can fund their FHA loan without redrawing if they signed March 17, 2021
What is April 5, 2021?
This is done when the EO Team emails only you to explain a delay in funding due to a missing UCC Termination
What is loop in the closer to initiate a future re-balance and cc the LO Team, Closing and Funding?
Generally found in Schedule B, this provides a history of the property's recent conveyances
What is a Chain of Title?
The number of Altitude Home Loans' bricks and mortar offices
What is 9?
Providing a quick lunch alternative for some, this kills 4 times as many people as sharks per year
What is a vending machine?
This document, required only on a VA IRRRL loan, highlights key term differences from the borrowers' previous mtg loan to their proposed mtg loan and provides a closing costs recoup time
What is a VA Loan Comparison?
This is done when you have a question on Gary Franks' loan and you'd like to communicate electronically
What is email TeamFranks and the listed processor in the Agents screen?
Information within the prelim is considered accurate as of this date provided in Schedule A
What is the Effective/Commitment date?
The date Altitude funded its first loan
What is Monday, June 15, 2020?
After taking 200,000 years to travel from the Sun's core to the Sun's surface, a proton then takes this long to travel from the Sun's surface to your eyeball, not the "infinite" amount of time some may think
What is a little over 8 minutes?