Overlays
The borrower can provide documentation to allow TX cash out on 2nd homes.
What is Homestead and client located in the state of TX?
What is the maximum number of days a credit report can be aged at closing.
Page 27*Matrix
This is the max LTV on a condo Limited Review.
What is 90% or 75% in FL
Page 44
This is the minimum contribution a borrower must make when purchasing a primary 1 unit with gift funds.
What is zero?
Page 28
This is Andy Stebens birthday.
What is Oct 22nd?
This type of Regimes are not permitted on detached SFR (excluding condos)
What is Horizontal Property?
The maximum number of units AWMS will lend on.
What is 4 units?
This is the max LTV AWMS will lend on CO-OPS
What is NGH?
Page 35
This is the coldest temperature on record in MN. in January.
What is -57 Jan 20, 1996 (wind chill)
This type of underwrite for Government loans is not allowed by AWMS
What is a Manual u/w?
This is the Maximum loan amount on a 4 unit in Alaska and HI
what is 1,472,550?
Page 27
Limited review requires these documents
Master Policy on project
HO6 (if master policy does not include interior coverage)
HO6 borrower affidavit
Processor cert that no pending litigation
Page 44
This is the largest fish caught ice fishing in MN
what is 120 pound, 78 inch Sturgeon?
This condition will be required on a Refer/Eligible loan
What are 12 months cancelled checks 0x30.
This is the minimum number of credit scores required per borrower for a conventional loan
What is 1 score.
page 27
This is the number of units a condo project has that requires a blanket fidelity policy.
what is greater than 20.
page 45
This is a website Go-LIVE date
What is Nov 16th?
This is the number of loans the AWMS will limit (originated or serviced).
What is 4 properties?
These are eligible properties AWMS will lend on.
What is SFR, PUD, Condos (low and high) and 2-4 units.
page 26
This is the max LTV for a secondary residence limited review condo.
what is 75% LTV and 70% in FL.
page 44
This is foundation of our 'TUDES
What is gratitude and servitude?