We have issued an update to the system that modified the following:
Expand Options Now Available for Non-Owner Occupied Certificate
- Updated the Non-Owner Occupied Certificate such that when there are multiple properties and at least one is identified as owner-occupied, the remaining properties are identified as the “Primary Collateral”
Updated ACH and Note for Business Purpose Language
- Added a sentence to each the standard Geraci ACH and the Note for borrower’s representation that the account was opened for business purposes