Algorythmic systems provided by Fannie Mae and Freddie Mac to review a loan application and provide a decision on whether or not a loan is saleable on the secondary market.

Both a borrower and lender's best friend. They assist with document collection, retention, review, and submission to underwriting

The Devil 2.0

Brackets on the rate sheets cooresponding to the borrower's individual paramenters. Down payment, credit score, occupency, and housing type are common LLPAs

Lender specific Guidelines for qualification beyond what is required by Fannie Mae, Freddie Mac, FHA, VA or USDA

Loan Products where the interest is paid upfront to lower the borrower's monthly mortgage payments. 2-1 = 2% lower for year 1 and 1% lower for year 2

A VA specific product that lowers the veteran's burden of interest rate without the need of income or home valuation documents

A Loan product offered by State Sponsored Entities to assist borrower's with down payment requirements. Often the Down Payment Assistance comes in the form of a Silent 2nd Lien

A Loan product to purchase a home with the intent of occuping it and refurbish/renovate it.

A Refinance loan to consolidate debt or obtain home equity as cash over $2,000

A Refinance loan with less than $2,000 cash back to the borrower.

HELOC products offered either as part of a conventional loan closing to avoid Jumbo or High-Balance loan products.