Faq’s throughout the the UC mortgage brokers
The newest distinct records required for this new feedback, approval and you may financial support out of another type of UC financial application is often referred to as the mortgage origination processes.
For the past three decades of originating MOP loans here at OLP, our company is questioned of many questions relating to the loan process from the borrowers including yourself. For your benefit, i have built-up a summary of the oftentimes expected inquiries and you will solutions and you can split them towards the five groups since the the following.
Program eligibility
- I’m a great UC staff member and you can would like a great MOP loan. Are We qualified?
Eligible participants of MOP are people in the Educational Senate (or those who keep a similar term) and you will members of brand new Senior Management Category.
Once you’ve come selected to participate MOP, the next phase would be to contact your campus mortgage coordinator to examine the application direction and you may qualification standards. Qualification to participate does not make up loan approval; try to over an elementary mortgage app thus your Work environment from Mortgage Programs is also techniques the loan. Your residence financing planner gives OLP together with your verified qualifications plus the OLP will send you an email receive to begin the net software process. Select Article on the loan procedure for more information.
Before you apply
- I’ve not even taken out a great MOP mortgage. Who do We contact to possess general advice and you may questions regarding the services?