(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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acronym for non-owner occupied
N/O/O
brief doc used to explain anything in financial/employment docs questioned by UW
LOX
Person responsible for managing the broker relationship, reviews uploads prior to sending to UW
Loan Coordinator
Legal document that shows transfer of real estate
Deed
AUS
Automated underwriting systems
A set rate for the entire length of mtg term
Fixed-Rate mtg
FEMA stands for
Federal Emergency Management Agency
Cures
Prevents bwr from paying more than they should on closing costs
This occupancy/loan purpose requires an RTC
Primary Refinance
legal doc representing a loan made from issuer to a creditor/investor
Note
Mortgage
Written Doc evidencing the lien on a property taken by a lender as security for repayment
Document that may contain different name variations
Signature name affidavit
Schedule A can be found on this doc
Title commitment
These are types of gov't loans
FHA/ USDA/ VA
Licensed professionals who specialize in real estate, insur & finance
Broker
Legal Description
Geographical description of real estate
Name, SSN, Property Address, Est Property Value, Mtg loan amt, income
Elements of application
Responsible for reviewing all docs vs EC. Ensures loan meets program eligibility and issues CTC.
Underwriting
Bureau created to promote fairness & transparency for mortgages
CFPB
Unbiased professional opinion of the value of a hm
Appraisal
Responsible for issuing funds & reviewing signed docs
Funder
5 page form that provides final details abt the mtg loan.
CD
URLA
Application that is also referenced as 1003
Legally binding document created to outline terms for a sale of a property
Purchase Agreement