A Letter of Credit is a bank issued letter guaranteeing payment on behalf of the borrower. A Letter of Credit requires the bank to fund the full or remaining amount due (up to the amount of the letter of credit) when the borrower (buyer) is unable to pay the beneficiary (seller). 

The original Letter of Credit must be provided to the beneficiary and a copy uploaded to Abrigo. If you need additional assistance with DecisionPro (DPro), please refer to the DecisionPro Users Guide, or contact _DecisionPro Help.  

If all documents are ‘wet signed’, send to loan servicing in the designated bag.