Processor Meetings
These are the 2 other fields that should be completed when marking a file as a restructure.
What are Restructure Date and Area for Restructure?
This is what IHCDA stands for.
What is Indiana Housing & Community Development Authority?
This is what ARM stands for.
What is Adjustable Rate Mortgage?
These are the 2 families in Romeo and Juliet
What are Montague and Capulet?
This person called 9-1-1 by accident and was the reason we no longer dialed "9" first to place a phone call.
Who is James?
Regarding FHA files, this is no longer required when there is someone other than the borrower on the bank statement.
What is an Equal Access Letter?
This is the amount required for the reservation fee.
What is $100.00?
This is another name for an ARM.
What are variable-rate mortgage or floating mortgage?
What is Cambridge?
This person in processing has a twin
Who is Jessica?
These 3 buttons on the keyboard allow you to take a snippet of the screen you are on.
What are WINDOWS + SHIFT+S?
When using First Place, the DPA is fully forgiven after this many years.
What are 9 years?
This is what a 5/1 ARM means in terms of the rate.
What is a fixed rate for the first five years, followed by a variable rate that adjusts every year?
On average, this is the thing that Americans do 22 times a day.
What is open the fridge?
This persons favorite football team are the cheese heads.
Who is Heather O?
Once standard on every Neighborhood file, this is now only used on a case by case basis.
What are tax prorations?
When using IHCDA First Place, and the borrower currently or previously rented the subject, this is required for documentation.
What are the signed lease agreement and a 36 month chain of title?
This is what SOFR stands for.
What is Secured Overnight Financing Rate?
This pop artist composed the music for Sonic the Hedgehog 3.
Who is Michael Jackson?
This person has 2 names. One used for work purposes and one with family and friends.
Who is James Brad?
In case of a closing table emergency, this is the extension to call.
What is 1687?
This is the amount of reserves required on a 640-679 credit score.
What are 1 month of reserves?
This bone runs down from the shoulder socket and joins the radius and ulna at the elbow. Some might say it can be funny.
What is the Humerus?
This was Princess Diana's surname before marrying Prince Charles.
What was Spencer?
This person has a cosmetology license
Who is Diana B?