CHELOC Acronyms

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Match the word or phrase with its acronym and definition

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Emily

Estados Unidos

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CHELOC Acronyms


CHELOC AcronymsVersión en línea Match the word or phrase with its acronym and definition por Emily 1 Power of Attorney 2 Quality Management System 3 Right to Cancel 4 Underwriter/Underwriting 5 Uniform Residential Loan Application 6 Critical Document Audit Checklist 7 Also Known As 8 Demand Deposit Account 9 Mortgage Loan Officer 10 Non-Borrowing Spouse 11 Individual Acknowledgement 12 Department of Housing and Urban Development Statement 13 Office of Foreign Assets Control 14 Out of Office POA A person acting on behalf of the customer if they are unable to make decisions or sign documents QMS The system utilized in the Closing department to ensure the file is set up properly by the Processor RTC Document informing borrower of 3 day rescission period UW The person/department responsible for making the decision to approve or deny the loan URLA/1003 The loan application completed by the borrower to begin the originations process CDAC The comparison of the signed document to the checklist of criteria it must meet to be acceptable AKA A form of vesting used with an alias, previous name, etc DDA Checking account MLO The person that takes the loan application NBS A person that may have ownership of a property based on state specific guidelines IA The document utilized when there are notary errors on documents that the customer signed correctly HUD-1 Settlement statement obtained from the title company that lists all charges OFAC A systemic process that checks an individual's name against sanctions lists OOO Used in communications when someone is unable to answer correspondence because they are absent NPS LTV Payoff Sent to Loan Boarding

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CHELOC Acronyms

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CHELOC AcronymsVersión en línea

por Emily

Power of Attorney

Quality Management System

Right to Cancel

Underwriter/Underwriting

Uniform Residential Loan Application

Critical Document Audit Checklist

Also Known As

Demand Deposit Account

Mortgage Loan Officer

Non-Borrowing Spouse

Individual Acknowledgement

Department of Housing and Urban Development Statement

Office of Foreign Assets Control

Out of Office