Criteria used to determine eligibility
for a loan.
................................................................................................................
^
TOP
|
Qualifying Ratios ¬
Calculations
that are used in determining the loan amount that
a borrower qualifies for, typically a comparison
of the borrower's total monthly income to monthly
debt payments and other recurring monthly obligations.
................................................................................................................
^
TOP
|
Quality Control ¬
A system
of safeguards to ensure that loans are originated,
underwritten and serviced according to the lender's
standards and, if applicable, the standards of
the investor, governmental agency, or mortgage
insurer.
................................................................................................................
^
TOP
