For further pointers, excite contact your university financial coordinator

Frequently asked questions regarding the brand new UC lenders

New distinct documentation required for the newest remark, recognition and money away from another type of UC home loan software program is also known as the borrowed funds origination techniques.

Over the past 30 years from originating MOP fund at OLP, we're expected of numerous questions regarding the borrowed funds procedure by the consumers such oneself. For your convenience, you will find collected a list of all of our most frequently asked inquiries and answers and you may divided her or him toward five groups since the given just below.

System eligibility

1. I'm an excellent UC staff member and you can would want a MOP mortgage. Have always been We eligible?

Qualified people away from MOP was members of this new Informative Senate (otherwise people who hold a comparable term) and you will members of the Elderly Management Classification.

After you have been nominated to participate MOP, the next phase would be to speak to your university mortgage planner to examine the application assistance and you will degree conditions. Eligibility to join cannot compose financing approval; try to complete a standard home loan app thus that the Place of work out of Mortgage Apps normally techniques the loan. Your home financing planner can give OLP together with your monthly installment loans Victoria TX confirmed qualifications plus the OLP will send you an email receive to begin the web software techniques. (more…)