Approve/Ineligible definition

Approve/Ineligible or "Refer/Ineligible," provided that any "Ineligible" Mortgage is:
Sample 1

Examples of Approve/Ineligible in a sentence

  • Ultimately, DU has three possible recommendations: Approve/Eligible, Approve/Ineligible, and Refer with Caution.

  • Approve/Ineligible means that that the risk of the loan is acceptable, but it is not eligible for delivery to Fannie Mae.

  • Loans that receive a recommendation of Approve/Ineligible will receive the benefit of all other accept or approve documentation and credit policy revisions.

  • The recommendation may be Approve/Ineligible, with the only reason for ineligibility being the loan size.

  • Eligible in the Retail, Call Center, Wholesale, and Non-Delegated Correspondent Channels only.1.2 Underwriting UnderwritingAll loans will be manually underwritten but are also required to be run through DU and must receive an Approve/Ineligible or Approve/Eligible response; the AUS decision is used from an informational standpoint and is not to be considered an eligibility or decision tool.

  • All loans must be submitted to DU or LPA and receive findings of DU Approve/Ineligible or LPA Accept/Ineligible with the loan amount being the only reason for the Ineligible finding.

  • EligibilityIn addition to Approve/Eligible and Accept/Eligible loans, the following GSE AUS recommendations or risk classifications may be eligible for Simply Underwrite:• Approve/Ineligible for HomePath® Property• See Simply Underwrite sections 4.1 and 6.1 in the Underwriting Guidelines for complete details• HomeReady® and Home Possible® are eligible for Simply Underwrite.

  • All loans must be processed through Desktop Underwriter (DU) and receive an Approve/Ineligible or Approve/Eligible finding.

  • Appraisal Waivers - Freddie Mac Automated Collateral Valuation (ACE) or Fannie Mae Property Inspection Waiver (PIW): If a loan is approved through LPA with an ACE or through DU with a PIW, Plaza will accept the appraisal waiver subject to Freddie Mac or Fannie Mae guidelines and the limitations below: Appraisal Waivers (ACE or PIW) are not eligible: • If loan receives an Approve/Ineligible or Accept/Ineligible recommendation.

  • Desktop Underwriter (DU): All loans must be submitted to DU and receive an Approve/Ineligible finding.

Related to Approve/Ineligible

  • Ineligible means that the individual obtained the checks and clearances as described in sections 5n and 5q and is not considered appropriate to obtain a license, to be a member of the household of a group child care home or family child care home, or to be a child care staff member due to violation of section 5n, 5q, or 5r.

  • Ineligible Person shall include an individual or entity who: i. is currently excluded, debarred, suspended, or otherwise ineligible to participate in the Federal health care programs or in Federal procurement or nonprocurement programs; or ii. has been convicted of a criminal offense that falls within the scope of 42 U.S.C. § 1320a-7(a), but has not yet been excluded, debarred, suspended, or otherwise declared ineligible.

  • Ineligibility means the Athlete or other Person is barred on account of an anti-doping rule violation for a specified period of time from participating in any Competition or other activity or funding as provided in Article 10.12.1;

  • Ineligible position means any position which does not

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.

  • publicly controlled means owned by or otherwise under the control of an organ of state, including a –

  • Municipal primary election means an election held to nominate candidates for

  • Approved Claims means complete and timely claims, submitted by Settlement Class Members, that have been approved for payment by the Settlement Administrator.

  • Ineligible Expenditures means those expenditures described as ineligible in Schedule C or deemed ineligible by Canada in accordance with Section 4.2.

  • Approved Claim means a Claim Form submitted by a Settlement Class Member that: (a) is submitted timely and in accordance with the directions on the Claim Form and the provisions of the Settlement Agreement; (b) is fully and truthfully completed by a Settlement Class Member with all of the information requested in the Claim Form; (c) is signed by the Settlement Class Member, physically or electronically; and (d) is approved by the Settlement Administrator pursuant to the provisions of this Agreement.

  • Appraised-Out Class As defined in Section 3.10(a) of this Agreement.

  • Eligible means that the individual obtained the checks and clearances described in sections 5n and 5q and is considered appropriate to obtain a license, to be a member of the household of a group child care home or family child care home, or to be a child care staff member.

  • Ineligible Securities means securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • Ineligible Assignee Any private investment company, investment firm, investment partnership, private equity fund or other private equity investment vehicle.

  • collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.

  • Related Claims means all Claims for Wrongful Acts based upon, arising out of, resulting from, or in any way involving the same or related facts, circumstances, situations, transactions or events or the same or related series of facts, circumstances situations, transactions or events, whether related logically, causally or in any other way.

  • Ineligible Costs means those costs set out under section E2.1 of Schedule “E” of this Agreement.

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • Appraisal management company means, in connection with valuing properties collateralizing mortgage loans or mortgages incorporated into a securitization, any external third party that oversees a network or panel of more than fifteen certified or licensed appraisers in this state or twenty-five or more nationally within a given year, that is authorized either by a creditor of a consumer credit transaction secured by a consumer's principal dwelling or by an underwriter or other principal in the secondary mortgage markets that engages in appraisal management services.

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • Canadian Investment Manager designation means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Major transit investment corridor means public transit service that uses or occupies:

  • Elderly person means any person 65 years of age or older who is not subject to the provisions of ORS 441.640 to 441.665.

  • approved blood scheme means a scheme established or approved by the Secretary of State, or trust established with funds provided by the Secretary of State, for the purpose of providing compensation in respect of a person having been infected from contaminated blood products;

  • Ineligible Security means any security which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.