Show:
Acronyms
Calculations
Movement Knowledge
Dates
Loan Flow
100
WVOE
What is Written Verification of Employment
100
LTV
What is the loan amount over the lesser of the appraised value or the sales price?
100
Movement Mortgage is owned by who?
Who is Casey Crawford and Toby Harris?
100
the 7 day processing goal
What is TPD?
100
The date triggered by entering the six pieces of information which makes a live file (and DOUBLE JEOPARDY if you can name the 6 pieces)
What is application received? borrower's name subject property SSN income estimated value loan amount
200
TBD
What is to be determined?
200
Calculate annual income to monthly
What is the annual figure given divided by 12?
200
Movement Mortgage opened in this year
What is 2008?
200
the date entered after first telephone contact with the LO or LOA
What is 24 hrs?
200
The checklist used to "upfront" your file
What is the 24 hour checklist?
300
URE **DOUBLE JEOPARDY IF you can tell me what it is and where they are found**
What is Unreimbursed Expenses, found on Sch A of the tax return?
300
***DOUBLE JEOPARDY*** Borrower gets paid $1515 weekly, their annual salary is ____________.
What is $78,780?
300
Resource created to aid employees who have fallen on hard times
What is Love Works?
300
Where are dates found in PCL?
What is General Information?
300
Once the UWer has final reviewed the file, the file moves to what department?
What is the closing department?
400
HOI
What is Homeowner's Insurance?
400
The sum of the proposed housing expenses and their recurring monthly debts divide by their qualifying monthly income?
What is back-end DTI?
400
The National Operations Manager
Who is Jason Stenger?
400
The date entered once your UWers has reviewed all conditions except for pending, third party items.
What is CRD (conditions reviewed date)?
400
This process occurs throughout the life of the file to ensure all documents are consistent, signed, and dated
What is QC?
500
LES
What is Leave and Earnings Statement?
500
The sum of the principal and interest
What is P&I?
500
How many operations centers to do we have, and where are they located?
What is 4, Charlotte, Virginia Beach, Tempe AZ (Phoenix), and Richmond, VA?
500
The date entered by the UWer when there is not enough information in the file to make a credit decision?
What is Not Ready?
500
The ideal status of a file with an address once comes out of initial UWing
What is approved with conditions?