[Genquire-dev] NUMBER ONE Success System

[Tommy Lee]

http://www.noss123.com/

Welcome and thank you for visiting *Number One Success System*. *Number One
Success System* is a private association of consenting individuals 18 years
of age and above who willingly and knowingly have come together for
charitable purposes. Participants have chosen to exercise their right to
freely give to others who have joined with the same purpose and
understanding. Access to the *Number One Success System* website and
participation in the activity are by DIRECT, PERSONAL INVITATION ONLY. If
you have been invited to view the website, you are a special person indeed
and have been given a tremendous gift, perhaps far greater than you can
imagine.

In the U.S., the process by which a mortgage is secured by a borrower is
called origination. This involves the borrower submitting an application and
documentation related to his/her financial history and/or credit history to
the underwriter. Many banks now offer "no-doc" or "low-doc" loans in which
the borrower is required to submit only minimal financial information. These
loans carry a slightly higher interest rate (perhaps 0.25% to 0.50% higher)
and are available only to borrowers with excellent credit.Sometimes, a third
party is involved, such as a mortgage broker. This entity takes the
borrower's information and reviews a number of lenders, selecting the ones
that will best meet the needs of the consumer.

Loans are often sold on the open market to larger investors by the
originating mortgage company. Many of the guidelines that they follow are
suited to satisfy investors. Some companies, called correspondent lenders,
sell all or most of their closed loans to these investors, accepting some
risks for issuing them. They often offer niche loans at higher prices that
the investor does not wish to originate.

If the underwriter is not satisfied with the documentation provided by the
borrower, additional documentation and conditions may be imposed, called
stipulations. The meeting of such conditions can be a daunting experience
for the consumer, but it is crucial for the lending institution to ensure
the information being submitted is accurate and meets specific guidelines.
This is done to give the lender a reasonable guarantee that the borrower can
and will repay the loan. If a third party is involved in the loan, it will
help the borrower to clear such conditions.
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