Across
- 3. An investor used to sell loans to in the secondary market
- 5. The type of transaction when the borrower is borrowing against something that they already own
- 6. Someone who analysis the risk involved in making a loan to a potential borrower
- 8. Provided in Good Faith, outlines the terms and conditions of the loan request
- 10. A claim on the property of another as security against the payment of debt
- 12. A term used in the Truth in Lending Act to represent the full cost of a loan including interest and loan fees
- 13. The conclusion of a transaction
- 14. The settlement statement provided at closing detailing the terms and conditions and all closing costs
- 16. The notice provided to the borrower when a negative decision has been made on the loan request
- 18. The amount of money that the borrower will contribute towards the purchase of a property
- 19. The document used to secure the collateral
Down
- 1. A report used to help determine a borrower’s credit worthiness
- 2. The type of transaction when the borrower is acquiring a property
- 4. The contract that pays for loss on a home from certain hazards such as fire
- 7. A document completed by a borrowers employer verifying their position and salary
- 9. Required when the loan amount is over 80% LTV
- 11. The document received to evidence the ownership of a property
- 15. The LOS system used to process the documentation
- 17. A person qualified to estimate the value of real property.