Reference
Glossary
65 terms. Loan-officer-level definitions of business-purpose investor lending vocabulary.
Closing Stage
Construction & Rehab
Costs & Fees
Investment Strategy
Loan Programs
Property Valuation
Title & Legal
Underwriting
- Asset Depletion
- Bank Statement Loan
- Cash-Out Refinance
- Compensating Factors
- Decisioning
- DSCR (Debt Service Coverage Ratio)
- DTI (Debt-to-Income Ratio)
- Exception
- Loan Officer
- LTARV (Loan-to-After-Repair-Value)
- LTC (Loan-to-Cost)
- LTV (Loan-to-Value)
- PITIA
- Reserves (PITI / PITIA)
- Seasoning
- Underwriter
- Underwriting
- Vintage