Loan Prospector definition

Loan Prospector means Xxxxxxx Mac's automated underwriting system.
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Loan Prospector means the Xxxxxxx Mac Loan Prospector AUS.
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Loan Prospector means Freddie Mac’s automated underwriting system.
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Examples of Loan Prospector in a sentence

  • Eligible applicants must meet credit underwriting standards of the relevant insuring program, as evidenced by the approval of a Direct Endorsement underwriter or the insurer, program accepted, underwriting software, i.e. Loan Prospector (LP), Desktop Underwriter (DU).

  • Unless defined otherwise in the Transactions Terms Letter, a first lien mortgage loan that fully conforms to all underwriting standards, loan amount limitations and other requirements of that standard Agency mortgage loan purchase program accepting only the highest quality mortgage loans underwritten without dependence on expanded criteria provisions, or that is approved by Desktop Underwriter or Loan Prospector.

  • USAC will award a contract resulting from this solicitation to the responsible contractor whose offer conforming to the solicitation will be most advantageous to USAC, price and other factors considered.

  • The Agency allows the use of, but does not require, unless otherwise noted by a specific mortgage program in this chapter, the following automated underwriting systems: Fannie Mae’s Desktop Underwriter (DU); Freddie Mac’s Loan Prospector (LP); Loan Score Card FHA findings and USDA’s Guaranteed Underwriting System (GUS).

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  • The Seller shall assure that the Buyer has access to the Xxxxxxx Mac Loan Prospector (LP) Xxxxxx Mae DeskTop Underwriting (DU) to confirm the approved status of the Mortgage Loans under such programs; provided that LP and DU are not used for Mortgage Loans that are part of the “VA IRRRL” or “FHA Streamline” programs.

  • Presentations were made regarding several operating systems, as well as the Federal National Mortgage Association's (Fannie Mae's) Desktop Underwriter and the Federal Home Loan Mortgage Corporation's (Freddie Mac's) Loan Prospector.

  • As used herein, the term “Appraised Value Alternative” means with respect to (i) refinanced Mortgage Loans underwritten with the use of the Xxxxxx Xxx direct underwriting system with respect to which a property inspection waiver has been issued, (ii) Xxxxxx Xxx “DU Refi” Mortgage Loans and (iii) Freddie Mac “Open Access” Mortgage Loans, the value entered by Seller into Fannie Mae’s Desktop Underwriter or Freddie Mac’s Loan Prospector system, as applicable.

  • Actual Desktop Underwriter and Loan Prospector usage plateaued at a lower level than the GSEs had anticipated following agreements they made to purchase loans underwritten using other software.

  • The second step involves sending the borrower’s information through Freddie Mac’s Loan Prospector or Fannie Mae’s Desktop Underwriter system which is programmed with the FHA Total Scorecard underwriting parameters.

Related to Loan Prospector

  • Proposed Nominee Associated Person of any Proposed Nominee shall mean (A) any Person acting in concert with such Proposed Nominee, (B) any direct or indirect beneficial owner of Shares owned of record or beneficially by such Proposed Nominee or Person acting in concert with the Proposed Nominee and (C) any Person controlling, controlled by or under common control with such Proposed Nominee or a Proposed Nominee Associated Person.

  • Inspector shall have the meaning set forth in Section 3(a)(xiv) hereof.

  • labour inspector means a person appointed in terms of section 65 of the Basic Conditions of Employment Act;

  • Qualified inspector means a United States department of

  • Inspector General means an Inspector General appointed under the Inspector General Act of 1978 and any Inspector General that receives funding from, or has oversight over contracts awarded for, or on behalf of, the executive agency concerned.

  • Representative of a prospective contractor means an officer or director of a corporation, a member or manager of a limited liability corporation, a partner of a partnership or a trustee of a trust of the prospective contractor.

  • Community Development Director means the Director of City’s Department of Community Development or his or her designee.

  • Asbestos inspector s license" means an authorization issued by the Board permitting a person to

  • Well-Known Seasoned Issuer means a well-known seasoned issuer, as defined in Rule 405.

  • The Inspector means any person or agency nominated by or on behalf of the Purchaser to inspect Stores under the Contract.

  • Proponent means the legal entity which has signed the Proposal Form, and “proponent” means any proponent responding to the RFP, excluding or including the Proponent, as the context requires.

  • Lead inspector means an individual who has been licensed by the Board to conduct lead

  • Home inspector means an individual who is certified pursuant

  • Presidential elector certifying official means the state official or body that is

  • Presidential Primary Election means the election established in Chapter 9, Part

  • Planning Director means the Planning Director of the City of Santa Xxxxxx, or his or her designee.

  • Department Director means the director of the department of human rights.

  • Non-Participating Certified Nurse Practitioner means a Certified Nurse Practitioner who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Statewide popular election means a general election in which votes are cast for

  • Community corrections officer means an employee of the

  • Participating Stockholder means a “Participating Stockholder” under the HBB Stockholders’ Agreement, HY Stockholders’ Agreement and NACCO Stockholders’ Agreement, to the extent the Partnership owns HBB Class B Shares, HY Class B Shares or NACCO Class B Shares. A Partner shall cease to be a Participating Stockholder under this Agreement and shall be deemed to be a Former Partner immediately prior to any event or lapse of time that causes such Partner to no longer be a “Participating Stockholder” under such applicable stockholders’ agreements.

  • Special inspector means an inspector holding a Washington commission identified under RCW 70.79.130.

  • Chief Inspector means Her Majesty's Chief Inspector of Education, Children's Services and Skills or his successor;

  • Hard cider means an alcoholic beverage that is made from the alcoholic fermentation of the

  • Presidential slate means a slate of two persons, the first of whom has been

  • PEI means Petroleum Equipment Institute.