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What actions cause a re-price in iMP?

Michael Ferri
  1. Achieving a RESPA application (6 pieces) will trigger a re-price.
  2. There is a setting in System Admin that allows you to determine the time between pricing and disclosing. If pricing last occurred outside of that time window, a re-price will be triggered.
  3. There is a setting in System Admin that allows you to determine the time between pricing and locking. If pricing last occurred outside of that time window, a re-price will be triggered.
  4. Any changes to any of the following fields will trigger a re-price:
  • Property Type
  • Occupancy Type
  • Loan Amount
  • Loan Type
  • Loan Program
  • Loan Purpose
  • Purchase Price
  • Total Income
  • Number of Units
  • Term
  • Estimated Value
  • Appraised Value
  • Manual HARP Indicator
  • CLTV
  • Credit Score
  • Lock Status
  • Costs
  • Structure
  • Total Loan Amount

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