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MiniCorrespondent Loan Purchase Agreement Revised 09/17/2018This Agreement dated as of (the Agreement) is made by and between Plaza Home Mortgage, Inc., a California Corporation, (Plaza) and (Seller),

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What is mini-correspondent loan purchase?

Mini-correspondent loan purchase refers to a transaction where a mini-correspondent lender purchases a loan from a third party lender and then sells the loan to an investor or sponsor.

Who is required to file mini-correspondent loan purchase?

Mini-correspondent lenders are required to file mini-correspondent loan purchase transactions.

How to fill out mini-correspondent loan purchase?

Mini-correspondent lenders must provide detailed information about the loan purchase transaction, including loan details, borrower information, seller details, and investor information.

What is the purpose of mini-correspondent loan purchase?

The purpose of mini-correspondent loan purchase is to facilitate the transfer of loans between different parties while ensuring compliance with regulatory requirements.

What information must be reported on mini-correspondent loan purchase?

Mini-correspondent lenders must report information such as loan amount, interest rate, loan type, borrower credit score, and loan origination date.

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