Credit Union Uncovers Undisclosed Property During with DataTree

The Real Estate Owned (REO) Schedule of the mortgage loan process instructs the borrower to list the property already owned by a borrower. The REO schedule is the other half of understanding a borrowers assets, along with the personal financial statement. The basic information found on the REO Schedule typically includes — property name, address, property type, current loan balance, market value, monthly expenses and monthly income.

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