Shared Flashcard Set

Details

Verification & Documentation
MLO, NMLS
10
Real Estate & Planning
Professional
03/27/2017

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
VOE
Definition
Term
VOD
Definition
Term
The ATR RUle and the QM Rule require verification of "current or reasonably-expected income or assets" using:
Definition
Term
Income that is not salary-based will require other types of documentatio. These include:
Definition
Term
Commission income or self-employment
Definition
Term
Commission income
Definition
Term
Income of self-employed applicants
Definition
Term
What are some examples of additional documentation lenders can request to verify income? (4)
Definition
Term
Regulation Z, Appendix Q
Definition
Term
When determining repayment ability, both the ATR Rule and the QM Rule prohibit the use of what?
Definition
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