Commercial
The customer may borrow the loan funds multiple times
What is revolving
This loan provides funding for the initial phase of a real estate project
What is a Construction loan
This tracks the collection of tax payments or insurance payments
What is Escrow
This loan or commitment provides a guarantee of payment to a seller
What is a Letter of Credit
This represents the portion of a loan sold to another entity
What is a participation
This tells the system when to start accruing interest
What is the Interest Begin Date
This money may be paid to the lender when the loan is approved
What is a Fee or Points
This regulation requires escrow analysis to be performed
What is RESPA
Interest may never accrue, but what may accrue and be paid periodically
What is an accruing fee
A participation never expires because it doesn't have this date
What is Maturity Date
This code allows interest to be collected to the payment receipt date
What is the Payment Application Code 4
Funding for this loan may be done in increments
What is a Draw or Advance
This feature allows a mortgage loan's interest rate to be changed periodically
What is ARM or ARMs
This date indicates when the Letter of Credit expires or is no longer valid
What is the Maturity Date
This transaction allows interest to begin accruing
What is a 70 transaction
This loan carries prepaid interest
What is a Discount Loan
This code tells the loan will accrue on an actual/actual basis
What is Calc Method
This document shows the repayment schedule for the loan
What is an Amortization Schedule
This code allows the original amount of the Letter of Credit to reduce the commitment availability it is tied to
What is Disposition Code '9'
This record represents a borrower's monetary balances
What is a Shadow Participation
This commitment has scheduled reductions to the original amount
What is a Step Down Commitment
This is the ratio between the appraisal value and the loan balance
What is Loan to Value
This regulation requires customer notification for various changes
What is Reg Z
Daily Double
Daily Double
This participation is created when a number of loans are sold to the same entity at the same time
What is a Syndication