Computerized Loan Origination (CLO) refers to the use of specialized computer software in the origination of mortgage loans, often by an individual who is not a loan officer, connecting the originator to various mortgage lenders. It enables real estate brokers to offer a broader range of services.
A detailed definition and explanation of a Construction Loan, its types, special considerations, examples, historical context, applicability, comparisons, related terms, frequently asked questions (FAQs), references, and final summary.
An in-depth look at FHA Mortgage Loans, insured by the Federal Housing Administration (FHA), including the popular Section 203(b) program.
Detailed explanation of teaser rates, often applied to mortgage loans, specifically adjustable-rate mortgages (ARMs), and their implications.
