Posted To: Pipeline Press
The annual mortgage conference is in full swing, and I am sure that reports of " 10 vendors for every 1 residential lender " are exaggerated. Well, maybe not. That aside, for tens of thousands of years, homo sapiens involved in residential lending have used acronyms. What would we do without the ability to abbreviate something? Throw in regulatory reform and its alphabet soup of acronyms and terms, and our heads are swimming. Occasionally I am asked about a list of acronyms of frequently used terms. Here's the latest: Financial Services Glossary . And plural acronyms don't have apostrophes, so it is "LOs" not "LO's"! Fannie Mae has released its timeline for the DU validation service and announced Oct. 24 for income validation and Dec. 10 for the employment and asset validation...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2eFHdrZ
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