What is involved with customer and account document management?
If an applicant chooses not to provide the borrower demographic data do we still collect it based on visual observation and surname?
Is a PMI Disclosure Required for 2nd Homes?
What is document management?
We have originated a loan for a 7 bedroom group home for disabled individuals where nursing staff is provided in the home. The property is setup as a 7 bedroom unit with shared living spaces (kitchen, living room, bathroom, etc). Would this be considered multi-family? Or do the units need to be fully functioning (include kitchen and bathroom) to be considered an individual dwelling unit?