Identify Conforming Mortgage
From Open Risk Manual
Definition
Identify Conforming Mortgage. Identify mortgage conforming to overall requirements for this issuer.
This does not relate to the criteria for belonging to an individual, defined mortgage pool but conforms to the requirements of the issuing organization overall. This is for Agency pools. For non-agency, the equivalent of this step is carried out at pool level with a clause to reject the mortgage.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
