What is CLA in Mortgage Terms? - Mortgagefit

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What is CLA in Mortgage Terms?

An Opene/Jr Processor retrieves CLA from the lender and hands the file off to processing.

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Anonymous's picture

Anonymous
9-10-2015

11 Answers

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CLA is conditional loan approval. It's used by the mortgage underwriters to include an additional support document to notify the loan originators about any requirement needed for proper documentation of the mortgage loan. It's your lender's formal agreement to provide you a mortgage based on the conditions requested.

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Caron | Asked on 2015-10-17

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Anonymous | Asked on 2017-11-11 23:55:55

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Anonymous | Asked on 2017-12-31 10:50:37

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