Overlays
This is AmeriSave's agency minimum FICO
Page 35 v6
This is the toll free number to AWMS
1-833-428-7743
1-833-4-AUSSIE
These are our four AMC's
Appraisal Links, Service Link, Class Valuation, NOVO
This is the minimum FICO score for a Conventional Loan
What is 620
Pg. 26
This type of insurance protects the mortgage holder against loss in case of default by the borrowers
What is Mortgage Insurance
Pg. 22
This is the maximum acreage in the state of Florida
Pg 35 v6
This is where all appraisals that are to be transferred are sent to
What is bullpen@amerisave.com
This is the number of credit scores required per borrower
What is one
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This bond coverage is required for new and established projects with more than 20 units
What is Fidelity Bond Coverage
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This is the maximum LTV for a double wide mobile home
What is WE DON'T DO FINANCE BOATS EITHER!
This is the LTV at which mortgage insurance is not required
What is 80.00%
This is the period of time required to wait after a chapter 13 bankruptcy
What is 2 years after discharge date and 4 years after dismissal date
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The areas requiring flood insurance start with these two letters
What is A & V
Pg. 43
This is the maximum amount of financed properties for any one borrower through AmeriSave
What is four
Pg 35 v6
This is what a bona fide discount point is used for
What is reducing the interest rate
This is how AmeriSave grades and determines its AMC
What is scored off of fee panel, depth, and turn times
This is the number of business days a VVOE must be completed prior to note date
What is 10 business days
Pg. 28
This type of insurance is commonly know as a HO-6 Policy
What is a "Walls-in" hazard insurance policy
Pg. 38
This is the overlay for Escrow Waiver
What is > 90%
Name all the RD's and their territories
Gina - Minnesota, Cydney - California, Hawaii, Tonya - Florida, Braydon - Carolina's, Southern Virginia, Jay - NJ and Philly, Michele - Chicago
This entity must be the lender named on the original appraisal
What is the Lender Transferring the Appraisal
Pg. 17
This is the maximum financing concession on an Investment property, regardless of LTV ratio
What is 2%
Pg. 28
The maximum deductible for wind storm damage may not exceed this percentage or subject to state law
What is 5%
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