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Program Manual Version January 19, 2024Table of Contents TABLE OF CONTENTS ....................................................................................................................................................
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Review the list of terms already included in the glossary to avoid duplications.
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Enter the term in the appropriate column and row. Make sure to use clear and concise language.
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Appendix Q is a glossary that provides definitions and explanations of terms used in financial and regulatory documents, particularly related to mortgage lending and compliance.
Entities involved in mortgage lending and servicing, including lenders, mortgage brokers, and servicers, are required to file the Appendix Q glossary.
To fill out Appendix Q, entities must provide specific definitions and descriptions of terms used in their operations, ensuring clarity and compliance with regulatory requirements.
The purpose of Appendix Q is to standardize the definitions of key terms in the mortgage industry to enhance transparency and compliance with regulations.
The information that must be reported includes definitions of industry-specific terms, descriptions of processes, and any relevant regulatory compliance information.
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