Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

Ever heard about FRED documentation??

Author Message
Icon Mini Profile ravik





Joined: 07 Sep 2007

Posts: 22

10.46 Dollars($)
Post Posted: Mon Nov 19, 2007 8:39 am    Post subject: Ever heard about FRED documentation??
Like 0
Dislike 0

i heard about full doc, SISA, SIVA, NO DOC, NO ratio loans...But my Processing Manager today stumped me by asking what is FRED documentation. Have you guys ever heard of this type of documentation. I have processed loans for 4 years and never came across this. Let me know
Jonny

Guest







Post Posted: Mon Nov 19, 2007 10:59 pm    Post subject:
Like 0
Dislike 0

Hello ravik,

FRED documentation may be some kind of documents that the lenders need at the time of loan processing. I am not sure about it. Hope some lender will clarify it to us.
Icon Mini Profile michelle
michelle
Community Expert
Community Expert

best lender badge

Joined: 08 Oct 2007

Posts: 153

40.40 Dollars($)
Post Posted: Tue Nov 20, 2007 8:10 am    Post subject:
Like 0
Dislike 0

ravik

I have checked around with a few other brokers and some lenders and can not find anyone who knows what this doc type is. Please let us know if you find out.

_________________
Michelle Keck
Mortgage Network Solutions
302-252-0100
www.michellekeck.com
Icon Mini Profile livinginnky
livinginnky
Moderator



Joined: 08 Sep 2007

Posts: 631

29.96 Dollars($)
Post Posted: Wed Nov 21, 2007 11:11 am    Post subject:
Like 0
Dislike 0

Why don't you ask the processor? and please let us know
_________________
Eric Matthews

Mortgage Refinance and Home Loan Guide
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.070 seconds.