Renewal eligibility needs its own criteria—not assumptions
Renewal timing may depend on paid percentage, payment history, current performance, and new underwriting. What belongs on a lender product page?
10 replies
A renewal page should show any sourced paid-percentage or elapsed-time threshold and clearly state that re-underwriting still applies.
Current statements, payment performance, and changed obligations can matter even when the nominal renewal point is reached.
Eligibility to be reviewed is not an approval. Wording should not promise an offer at a specific paid percentage.
Can the API return a renewal-ready flag?
It can return “published review threshold met” with the evidence and unresolved checks, not “renewal approved.”
That distinction prevents merchants from planning around proceeds that have not been underwritten.
We should also separate same-lender renewals from refinance options with another lender.
Yes. They are different products and may change position, payoff, and disclosure requirements.
The lender profile can publish the review process and contact without exposing internal approval logic.
Document review thresholds, keep re-underwriting explicit, and describe a refinance as a separate scenario.