1.
For BOA, if the check is under 10k, the ______ _______ is not required, but is encouraged to send in.
2.
For the _____ ____ _____ process, the check is endorsed and mailed back to the homeowner.
3.
How we determine loan status for BOA & USDA loans
4.
How we determine loan status for non-BOA & non-USDA loans
5.
USDA Requires an ________ _______ that is found in the USDA specific procedure packet.
6.
Loan USDA can also be known as ____ _____, RHS, RHS Housing or Rural hosuing.
7.
We need a W-9 for loans in foreclosure and shellpoint loans that are ____ days delinquent
8.
For the _______ process, the check will be deposited & funds are disbursed throughout the repair process.
9.
______ mortgage does not require the CP (contractor proposal) for the initial draw.
10.
If the loan is more than 30 days past due, it is considered __________.
11.
Self repairs require _______ approval.
12.
For the initial draw on current claims, it is either 40,000, 1/3 the claim funds, or the ______ whichever is greater.
13.
For BOA, the initial draws on current claims is 40,000, 10% of the ______ plus the overage, whichever is greater.
14.
For USDA the initial draw is _________ _________ or the overage of the loan, whichever is greater.
15.
For delinquent non-boa loans, the initial draw is 1/4 the claim funds up to ____ _______ or the overage.
16.
After the initial draw, funds are disbursed based on the _______ percentage.
17.
We require ____ waiver of lien from each contractor in the monitored process.
18.
For delinquent loans, a 3rd party inspection showing the repairs are completed is _______.
