Authorized Third Party

Authorized Third Party

who are authorized to communicate with Mortgagees/Lenders regarding a Mortgage/Loan/HECM. Automobile Allowance related expenses. Base Loan Amount The Base Loan Amount is the mortgage amount prior to the addition of any financed Upfront Mortgage Insurance Premium (UFMIP). Unless otherwise stated in Handbook 4000.1, all references to maximum mortgage amount or mortgage amount shall refer to the Base Loan Amount. Basis Point (bps) A Basis Point (bps) is one one-hundredth of one percent. Boarder Boarder refers to an individual renting space inside the Borrower’s Dwelling Unit. A renter of an ADU is not a Boarder. Borrower (applicable to Title II) does not include a Co-signer.