Credit overlays are extra lending requirements that go beyond government mortgage guidelines. These lender-specific...
A credit memo is an internal document lenders use to assess your loan application by summarizing your...
Credit enhancement strengthens a borrower's loan profile by adding security measures, helping secure...
Credit decisioning is the automated or manual process lenders use to evaluate your creditworthiness and...
A loan counteroffer is a lender’s revised proposal after reviewing your application, offering different...
Contingent approval means a lender has conditionally approved your loan application, pending certain...
Cash equivalent assets are short-term, highly liquid investments that are nearly as safe and accessible...
The Affordability Index gauges whether a typical household can afford a median-priced home based on current...
100 percent financing allows homebuyers to purchase property without a down payment by financing the...
Yield maintenance is a prepayment penalty clause in commercial loans designed to compensate lenders when...