Difference between revisions of "Loan Standardization Documentation"

From Open Risk Manual
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== Definition ==
 
== Definition ==
'''Loan Standardization Documentation'''. Very specific categorization of documentation obtained by the lender at the time of origination to qualify a borrower. Documentation Types vary from lender to lender and need to be completely understood. takes a code list in the data world see eg S&P codes of these. not exhaustive? example tax returns etc. categorize as hi low or medium type of doc risk there are also 'no doc' mtges
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'''Loan Standardization Documentation'''. The specific categorization of documentation obtained by the lender at the time of origination to qualify a borrower.  
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[[Loan Documentation]] Types vary from lender to lender and need to be completely understood.  
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Latest revision as of 10:51, 14 October 2021

Definition

Loan Standardization Documentation. The specific categorization of documentation obtained by the lender at the time of origination to qualify a borrower.

Loan Documentation Types vary from lender to lender and need to be completely understood.


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