Nathan C.
- Total activity 23
- Last activity
- Member since
- Following 0 users
- Followed by 0 users
- Votes 0
- Subscriptions 0
Activity overview
Latest activity by Nathan C.-
Nathan C. created an article,
Funding
During the loan process, up until the day of funding, a borrower may connect their personal bank account to receive funds via Automated Clearing House (ACH) or Real-Time Payments (RTP).If the borro...
-
Nathan C. created an article,
Closing
The lender offers both Remote Online Notarization (RON) and in-person notary closing services:Remote Online Notarization is available only in eligible locations/municipalitiesFor locations that req...
-
Nathan C. created an article,
QC & Clear to Close
The lender uses automation to ensure each application complies with all eligibility requirements and underwriting guidelines.Once all validations have been completed, the file is manually quality-c...
-
Nathan C. created an article,
Hazard Insurance
1st lien HELOCs must have Hazard insurance to protect against loss or damage from fire and other hazards covered by the standard extended coverage endorsement. The coverage must provide for claims ...
-
Nathan C. created an article,
Title Insurance
For 2nd lien loan amounts $25,000 to $350,000, the lender uses a Property Report from Stewart to confirm:Current grantee and grantorLast deed of record informationRecordable legal descriptionStatus...
-
Nathan C. created an article,
Inter Vivos Revocable Trust
Inter vivos revocable trusts, also known as Living Trusts, are eligible for origination. The lender must obtain copies of the trust or trust certification and include them in the loan file. A revie...
-
Nathan C. created an article,
Title Vesting
Ownership must be fee simple or leasehold in name of individual(s) or inter vivos revocable trust.The following entities are prohibited:Limited Liability Company (LLC)CorporationPartnershipIrrevoca...
-
Nathan C. created an article,
Title Vesting
Ownership must be fee simple or leasehold in name of individual(s) or inter vivos revocable trust.The following entities are prohibited:Limited Liability Company (LLC)CorporationPartnershipIrrevoca...
-
Nathan C. created an article,
Properties Listed for Sale
Properties currently listed for sale or listed within the last sixty (60) days are ineligible for a HELOC in the following states: DC, IL, IN, IA, LA, ME, NC, PA, RI, TN, TX, VT, WA
-
Nathan C. created an article,
Accessory Dwelling Units
Properties with accessory dwelling units are eligibleNote: An ADU may not act as the subject property