Veronica G
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Recent activity by Veronica G-
Number of Loans to One Borrower
Borrowers are collectively limited to three (3) loans either issued or purchased by our company not to exceed $750,000. Borrowers with more than fifteen (15) properties are not eligible.
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Trust Agreement Requirements
Inter vivos revocable trusts, also known as Living Trusts, are eligible for origination. We must obtain copies of the trust or trust certification and include them in the loan file. A review of the...
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Types of I.D.s for Verification
The HELOC program utilizes Persona, a third-party vendor, for all identity verifications.The identity of each borrower whose credit is used for loan qualification must be confirmed.All identificati...
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Credit Report Debts/Liabilities
Our HELOC uses the Equifax Decision engine tool for the credit standard review. Installment Debt:Installment debt is a monthly obligation with fixed payments and terms. Payments on installment loa...