Credit
Which credit repository do we use?
What is Experian 8
What is max allowed DTI with no overlay?
What is 45%?
What are the 3 types of collateral verification?
what is an AVM, DriveBy, and Full Appraisal?
Spring EQ will go behind a HELOC in the draw period, T/F?
what is False?
What is max LPC %?
what is 2%?
What is the Chapter 7 bankruptcy seasoning?
What is 4 years?
How many years tax returns are needed for 5 years SE same business?
What is 1 year?
What is a 1004D?
What is a re-inspection of a property?
Spring EQ allows installment plans on IRS liens, T/F?
what is false?
what is the max total financing allowed for Spring EQ loans?
what is 500k?
What is the seasoning for Foreclosures?
What is 7 years?
what is max DTI with 700 score and 3500 residual income ?
what is 50%?
What is the max loan amount an AVM can be used on?
what is 400K?
are there states that do not allow 1st Lien HELOC?
what is yes?
What is the lowest FICO score we lend on?
what is 640?
How long is a credit report good for?
what is 60 days?
how long does a borrower have to be back to work with a job gap of 6months or greater?
what is the collateral type if a loan is NONQM (high cost)
what a full appraisal?
is there any time Spring go into 3rd lien position?
what is a UCC?
what is the max comp allowed for a HELOC?
what is 4%?
What are our tradeline requirements?
what are 3 trades with at least one open with a DLA w/in 6 months and reporting for 12 months. OR a current mortgage paid as agreed for 36 months
how many paystubs are needed for a submission?
What is 30 days most recent?
what is the max LTV with a FSD score of .13 or lower?
what is 90% LTV?
What lien type in TX does not allow a 2nd mortgage behind it?
what is a 50A6?
what is the max of all total balances of accounts that are not medical that require to be paid off at close?
what is $1,000?