Approve/Ineligible definition

Approve/Ineligible or "Refer/Ineligible," provided that any "Ineligible" Mortgage is:

Examples of Approve/Ineligible in a sentence

  • DU Approve/Eligible, LPA Accept or DU Approve/Ineligible, LPA Accept/Ineligible for loan amount or maximum LTV on cash-out refinances only is required.

  • Ultimately, DU has three possible recommendations: Approve/Eligible, Approve/Ineligible, and Refer with Caution.

  • DU Approve/ Eligible, LP Accept or DU Approve/Ineligible, LPA Accept/Ineligible for loan amount or maximum LTV on cash-out refinances only is required.

  • Approve/Ineligible means that that the risk of the loan is acceptable, but it is not eligible for delivery to Fannie Mae.

  • All loans must be processed through Desktop Underwriter (DU) and receive an Approve/Ineligible or Approve/Eligible finding.

  • Approve/Ineligible findings should be based on loan amount and/or purpose/LTV/loan amount.

  • Conforming Freddie Mac or Fannie Mae loan amounts that have an LP Accept Eligible, DU Approve Eligible, Custom DU Approve or LP Accept/Ineligible or DU Approve/Ineligible as long as the loan meets USBHM product guidelines.

  • EligibilityIn addition to Approve/Eligible and Accept/Eligible loans, the following GSE AUS recommendations or risk classifications may be eligible for Simply Underwrite:• Approve/Ineligible for HomePath® Property• See Simply Underwrite sections 4.1 and 6.1 in the Underwriting Guidelines for complete details• HomeReady® and Home Possible® are eligible for Simply Underwrite.

  • All loans must be processed through Desktop Underwriter (DU) and receive an Approve/Ineligible finding due only to loan amount.

  • All loans must be submitted to DU or LPA and receive findings of DU Approve/Ineligible or LPA Accept/Ineligible with the loan amount being the only reason for the Ineligible finding.

Related to Approve/Ineligible

  • Ineligible means that the individual obtained the checks and clearances as described in sections 5n and 5q and is not considered appropriate to obtain a license, to be a member of the household of a group child care home or family child care home, or to be a child care staff member due to violation of section 5n, 5q, or 5r.

  • Ineligible Person shall include an individual or entity who:

  • Ineligible position means any position which does not

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.

  • Approved Claims means Settlement Claims in an amount approved by the Claims Administrator or found to be valid through the Dispute Resolution process.

  • Approved Claim means a Claim Form submitted by a Settlement Class Member that: (a) is submitted timely and in accordance with the directions on the Claim Form and the provisions of the Settlement Agreement; (b) is fully and truthfully completed by a Settlement Class Member with all of the information requested in the Claim Form; (c) is signed by the Settlement Class Member, physically or electronically; and (d) is approved by the Settlement Administrator pursuant to the provisions of this Agreement.

  • Appraised-Out Class As defined in Section 3.10(a) of this Agreement.

  • Approved Amount means the amount that the dentist has agreed to accept as full payment for treatment.

  • Eligible means that the individual obtained the checks and clearances described in sections 5n and 5q and is considered appropriate to obtain a license, to be a member of the household of a group child care home or family child care home, or to be a child care staff member.

  • Ineligible Securities means securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • Ineligible Assignee means a natural Person, the Borrower, any Affiliate of the Borrower or any other Person taking direction from, or working in concert with, the Borrower or any of the Borrower’s Affiliates.

  • collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.

  • Related Claims means all Claims for Wrongful Acts based upon, arising out of, resulting from, or in any way involving the same or related facts, circumstances, situations, transactions or events or the same or related series of facts, circumstances situations, transactions or events, whether related logically, causally or in any other way.

  • Ineligible Costs means those expenditures described as ineligible in Schedule C.

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • Alternative investment means an investment in a private equity fund, venture fund, hedge fund, or absolute return fund.

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.