Acronyms
Lenders use this figure to compare how much a borrowers owes each month to how much borrowers earn.
DTI
This is the year that Intercap Lending opened for business.
What is 1978?
This executive spent his weekends mowing lawns before becoming CFO of Intercap Lendings.
Who is Chad Rogers?
These are the 4 Major Phases of the Primary Market.
What are the Origination, Processing, Underwriting and Closing/Funding functions?
Mario uses this process optimizes the mortgage assignments in the secondary market.
What is Best Execution Strategy?
Expressed as a number and tells us the ratio of the property's appraised value and our loan amount.
What is LTV?
This is the number of states that Intercap Lending is licensed in.
What is 42?
Steve Robert's full title
What is Chief Business Development Officer / National Sales Director?
This components that make up the 4 C's.
What are Credit, Capital, Collateral and Capacity?
19,000 - give or take
What are the number of loans that Intercap services?
ATR requires a creditor to make a reasonable determination to do this.
What is the Ability to Repay?
This is the number of branches Intercap Lending currently has.
What is 20 Branches?
This executive was CFO prior to Chad Rogers.
Who is Clayton Anderson?
Slang term for silent second recorded with the first - often used to help qualify for a jumbo loan.
What is a piggyback?
Approximately 1% of our servicing portfolio.
What are loans in default or forbearance or loss mitigation?
HOEPA stands for this.
Intercap Lending's number of employees - rounded to the nearest hundred.
400
Michael Thomas' words of wisdom to Brock that we should all take to heart!
A loan product where the interest rate stays the same for the entire life of the loan.
What is fixed rate loan?
This is the system LO's use to lock loans.
What is Optimal Blue or OB?
This Consumer Financial Protection Law prohibits kickbacks.
What is RESPA or the Real Estate Settlement Procedures Act?
Intercap Lending's highest funded volume by dollar.
What is $4.9 billion?
The first and last name of the Intercapper who nearly killed Brock with a go-kart.
Who is Blakely Denny?
Whole Sale Lenders Buy Loans From _______
What are Brokers?
The total number of funded loans divided by the total number of applications multiplied by 100. This number is helpful to keep high and currently is about 50-60% company wide.
What is pull through rate?
This Intercap stream of income refers to a contractual agreement in which existing loans are sold and the purchaser manages payments and escrow accounts.
What are Mortgage Servicing Rights or MSR?
The significance of these numbers specifically: 190465 1199978
What are Intercap's Corp NMLS and Servicing NMLS?
What is Praise in Public, Counsel in Private?
This law outlines the LO Compensation Rule.
What is Dodd Frank?
At least 3 of the 4 reasons Intercap Lending services loans.
What are -
1.Customer Retention
2.Customer Acquisition
3.Servicing Revenue
4.MSR is an asset