Transcription of CHAPTER 3: APPLICATION PROCESSING SECTION …
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CHAPTER 3: APPLICATION PROCESSING SECTION …
HB-1-3550 INTRODUCTION This CHAPTER describes the process of accepting and managing applications , up to the point that an applicant is selected for PROCESSING . This includes pre-qualifying potential applicants, taking and reviewing applications , and selecting applications for PROCESSING . SECTION 1: PRE- qualification OVERVIEW Pre- qualification involves using unverified information to evaluate the likelihood that a potential applicant, someone who is interested in the program but has yet to submit an APPLICATION for assistance, would be program eligible. The results of pre- qualification are not binding and will not hinder the submission of an APPLICATION .
HB-1-3550 Paragraph 3.3 Procedures for Pre-Qualification A. Describe the Program During the course of the pre-qualification review, the Loan Originator should provide as
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