Loan-Level Pricing Adjustment (LLPA) is a type of risk-based fee imposed on conventional mortgage borrowers.
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Mortgage underwriting is a process in which a lender examines a potential borrower’s eligibility for a loan. To do this, lenders typically look at three major factors: credit, capacity, and collateral. Now that you know these factors, let’s take a deeper dive into each.
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Loan origination for mortgages is a slightly more complex process that involves a step known as underwriting. Mortgage underwriting is a process in which the lender determines the risk of offering a home loan to a borrower, based on certain parameters. It is up to an underwriter to make the final decision on whether or not to approve a mortgage.
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