1.
The process when a check is endorsed and mailed back to the borrower.
2.
The USDA PP includes this required form also known as Borrowers Affidavit.
3.
BOA and USDA goes by the ___ _ ___ when concluding if the loan will be considered Current or Delinquent.
4.
Checks are payable to the borrower unless the loan is in foreclosure or a ____ loan over 60 days delinquent.
5.
If a borrower wants to do the repairs themselves, they must submit a ___ _ ___ .
6.
The following repairs cannot be self repairs __, plumbing, and HVAC.
7.
If we release the ___ of the loan, those funds still count as claim fund.
8.
For a ___ Non-BOA or Non USDA loan, we release the greater amount of either 33%, the threshold or the Overage.
9.
For a ___ Non-BOA loan, we release 25% of claim funds received up to $10k or the overage of the loan.
10.
For a monitored current loan __ requires the CP after the initial draw.
11.
For the Final draw on a delinquent loan a ___ is required showing all repairs are completed.
12.
We need at least __ physical inspection on file before we can accept a verbal confirmation from the BWR/A3P
13.
The ___ will determine the actual amount of the draw.
14.
Freedom requires the W9 before the ___ draw.
15.
Self repairs require the ____ ___ instead of the contractor's proposal.
16.
Tax document needed to make checks payable to a third party
17.
Another name for a USDA loan
18.
How we determine loan status for Non-Boa & Non-USDA loans
