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Real Estate - A professional who approves or denies a loan to a potential homebuyer based on the homebuyer's credit history, employment status, assets, debts and other factors such as loan guidelines.
Ginnie Mae - Cite This Source - This Definition - Browse Related Terms: application, Automated Underwriting, Loan Origination, mortgage lender, Origination, Pre-Approval, Third-Party Origination, underwriting, Uniform Residential Loan Application
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Real Estate - A standard mortgage application your lender will ask you to complete. The form requests your income, assets, liabilities, and a description of the property you plan to buy, among other things.
Federal Trade Commission - Cite This Source - This Definition - Browse Related Terms: application, Automated Underwriting, Loan Origination, mortgage lender, Origination, Pre-Approval, Third-Party Origination, Underwriter, underwriting
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Real Estate - A standard document prescribed by the Real Estate Settlement Procedures Act containing information for closing which must be supplied to both buyer and seller.
Ginnie Mae - Cite This Source - This Definition - Browse Related Terms: Bona fide, closing (or settlement) costs, Closing statement, Good faith estimate, HUD-1 Settlement Statement, HUD1 Statement, No Cost Loan, Real Estate Settlement Procedures Act (RESPA), RESPA, settlement costs, Settlement Statement
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Real Estate - The fees charged to homeowners by the lender at the time of closing a mortgage loan. This includes points, broker's fees, insurance, and other charges.
US Department of Housing and Urban Development - Cite This Source - This Definition - Browse Related Terms: Application Fee, Assumption Fee, Borrower, loan origination fee, Loan Origination Fees, Origination fee, Predatory Lending, Purchase price, Underlying mortgage, Wraparound mortgage
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Real Estate - Periodic housing costs for water, electricity, natural gas, heating oil, etc.
Ginnie Mae - Cite This Source - This Definition - Browse Related Terms: Asbestos, Average Price, Detached house, HVAC, maintenance costs, Median Price, radon