Examples of CLTV in a sentence
Subject Property Numeric – Decimal 0.85 9.999999 If “Most Recent AVM Model Name” > 0 >= 0 to <= 1 135 Original CLTV The ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the appraised value or the sales price.
No Mortgage Loan that is a Second Lien Loan has a CLTV greater than 100%.
Any seller or builder concession has been subtracted from the Appraised Value of the Mortgaged Property for purposes of determining the LTV and CLTV.
No Mortgage Loan that is a Second Lien Mortgage Loan has a CLTV in excess of 100%.
No Mortgage Loan had an LTV or a CLTV in excess of 100% at origination.