Collateral appraisals measure the market value of assets pledged as loan security. Lenders use appraisals...
Most-favored-lender clauses (MFL clauses) are loan provisions that let a borrower claim the best terms...
Escrow and reserve accounts help borrowers and lenders manage taxes, insurance and future loan obligations....
Underwriting ratios — such as debt-to-income (DTI) and loan-to-value (LTV) — are the numeric filters...
Interest rate floors and ceilings are contract terms that set the minimum and maximum rates on variable-rate...
No-doc and low-doc loans reduce paperwork for borrowers with nonstandard income but carry higher interest,...
Loan pricing add-ons are the adjustments lenders make to a loan’s base interest rate or principal to...
Fraud detection uses technology and manual checks to confirm identity and data in loan applications;...
A subordination agreement is a signed contract that changes the priority of liens on the same collateral...
Credit enhancements are tools lenders add to loan deals to reduce default risk and improve approval chances...