The qualifying housing expense ratio shows the portion of your monthly gross income spent on housing...
A Qualified Loan Originator is a licensed mortgage professional who meets federal and state requirements...
A Qualified Lending Institution is a financial entity authorized by government rules to offer certain...
A Program Eligibility Review (PER) is a periodic process used by organizations to verify that you still...
Processing turnaround time is the total period from when you submit a financial request until it is completed....
Prequalification letter conditions specify financial requirements borrowers must maintain after initial...
A premium pricing rebate, also known as a lender credit, helps reduce your mortgage closing costs upfront...
A pre-funding review is the lender’s last verification of your financial stability before releasing loan...
A pre-approval documentation checklist is a list of financial documents lenders require to evaluate your...
Origination system integration links a lender’s loan software with external services to automate and...