LEC5: Nature of the Business
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Maximum Score
Not scored
Prefill
Not eligible
Validation
None
Nature of the business

Describe the nature of the participating entity’s business. Participants should select the applicable answer.
Complete all applicable fields.
Participants must report the portfolio split by business type at the end of the reporting period.
Loan originator
The lender that serves as the primary loan underwriter and provides proceeds to the borrower.
Loan purchaser
The party that purchases a loan or group of loans from a loan originator.
This indicator is not scored.
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