Standard

Standard

Why is the CLTV/HCLTV incorrect on DU for refinances with existing subordinate financing?

The resubordinated amount is being duplicated.  Until this can be remediated in an upcoming release, it is suggested to utilize LP for these transactions or for DU, omit the subordinate financing liability on the Asset, Liab & REO screen, and re-run AUS.

For the latest updates and features related to Caliber Home Loans, Inc. and the newly redesigned Uniform Residential Loan Application (1003) reference this page. If you encounter any problems or have additional questions, please contact us at redesigned1003@caliberhomeloans.com.

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