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Music] hi, my name is Alex credits with Agustin Show comm. When you hear the term "L o X" from a loan officer, it stands for "Letter of Explanation." It is essential to understand the meaning of L o X and how it is used in the loan process. A Letter of Explanation (L o X) is a document that provides clarification or additional information on various aspects of your loan application. Underwriters may request a L o X for various reasons, such as joint bank accounts or credit inquiries. You should be prepared to provide a detailed and thorough explanation when requested by the underwriter. The purpose of a L o X is to ensure transparency and clarity in the loan approval process.