Altisource Interview Questions, Process, and Tips

Question about the 4c of mortgage

• The 4c of mortgage refers to the borrower's capacity, credit, collateral, and capital

• Capacity refers to the borrower's ability to repay the loan

• Credit refers to the borrower's credit score and history

• Collateral refers to the property or assets that can be used as security for the loan

• Capital refers to the borrower's financial reserves and assets

• Lenders use the 4c of mortgage to assess t

1003 is a mortgage application form used in the United States.

• 1003 is also known as the Uniform Residential Loan Application (URLA).

• It is used by lenders to collect information about a borrower's financial history and creditworthiness.

• The form includes sections for personal information, employment history, income, assets, liabilities, and details about the property being purchased.

• The 1003 form is required for most typ...read more