MORTGAGE ACRONYMS
LMBRU
What is Loan must be re-underwritten
Today is 10/22 (Thursday) and all parties view the CD on 10/23 (Friday), what is the earliest date we can close?
What is Tuesday, 10/27.
This basketball player appeared as the star in the hit movie Space Jam
Michael Jordan
"Luke, I am your father"
"Clap along if you feel like a room without a roof…"
LCCUD
What is Loan Cannot Close Until Date
Today is Thursday, 10/22. Our customers are refinancing their primary residence.
C1 views his CD on 10/23.
C2 views her CD on 10/17.
What is the earliest date we can close?
What is Tuesday, 10/27.
This team has a quarterback that is referred to as "Minshew Mania"
What is The Jacksonville Jaguars
"Why so serious?"
What is Dark Knight - Batman
"Scaramouche, Scaramouche, can you do the fandango…"
What is Bohemian Rhapsody by Queen
What is Debt-to-income
Today is 10/22. The customer is refinancing their primary residence.
The NY attorney can't close until 10/28.
If the customer closes on this date, what month will their loan fund?
What is November.
What is the Tampa Bay Rays
"Here's Johnny!"
What is The Shining
"Sing with me, sing for the year..."
What is Dream on by Aerosmith
PITIA
Principal, interest, taxes, insurance, HOA dues
Today is Monday, 10/12. The customer is doing a TX50(a)6 loan. All parties have viewed the CD.
The 12 day letter was uploaded to EIV on 10/14, but signed by the customer on 10/10.
What is the earliest date we can close?
What is 10/26.
How many players are on the court at the same time during a standard volleyball game (both teams)
What is 12.
"I'm going to make him an offer he can't refuse."
What is The Godfather.
“This hit, that ice cold, Michelle Pfeiffer, that white gold.”
What is Uptown Funk by Bruno Mars
FHLMC
Freddie Mac
This tracking item you insert when your loan is already in closing, but has to be rescheduled. It is used so that the loan triggers back into their hotlist so the CDA can rebalance as necessary.
What is the Review Vendor Fees TI (7295)
This is the object someone's racket hits in badminton.
What is Shuttlecock.
"My Precious"
What is Lord of the Rings
"I only love my bed and my mama I'm sorry..."