Borrower Qualification Numeric. Integer 3 9 Always See Coding 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) 112 Co-Borrower Asset Verification A code indicating the extent to which the co-borrower’s assets used to qualify the loan have been verified: Level 4 = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). Borrower Qualification Numeric – Integer 2 9 If “Total Number of Borrowers” > 1 See Coding 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) 113 Liquid / Cash Reserves The actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.) Borrower Qualification Numeric – Decimal 3242.76 9(9).99 Always >= 0
Appears in 6 contracts
Samples: Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-4), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2012-4), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-4)
