THIS QUESTION HAS TO DO WITH MORTGAGE.
2007-06-11 14:32:34 · 5 answers · asked by Chica 1 in Business & Finance ➔ Renting & Real Estate
its called also a 1008, a loan application is 1003 and so forth. In plain english, and what I use it for is to outline the numbers in the loan, loan type, loan to value etc.
Our origination system takes data I put in it and automatically fills out a 1003 and 1008. a loan processor will send it with the loan package to the lender.
2007-06-11 14:45:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Transmittal Summary
2016-10-18 03:09:20 · answer #2 · answered by ? 4 · 0⤊ 0⤋
This Site Might Help You.
RE:
what is a uniform underwriting and transmittal summary?
THIS QUESTION HAS TO DO WITH MORTGAGE.
2015-08-12 21:36:54 · answer #3 · answered by Celene 1 · 0⤊ 0⤋
Lenders use this form to summarize key information utilized in the comprehensive risk assessment of the mortgage and the final underwriting decision -- such as loan purpose, property type, proposed monthly payments, and debt ratio -- for manually-processed applications related to single-family conventional first and second mortgages.
2007-06-11 14:36:32 · answer #4 · answered by acermill 7 · 1⤊ 0⤋
AKA-1008
2007-06-11 14:37:26 · answer #5 · answered by Ms.loanofficer 2 · 0⤊ 0⤋