Saturday, July 22, 2017

Conventional Loan Checklist

Here is what you'll need for a Conventional Loan with a  Mortgage Company:

Checklist For Conventional Loans                                  

·  Good Faith Estimate
·  Truth In Lending
·  Privacy Notice
·  Borrower’s Cert & Authorization- Broker
·  Servicing Disclosure
·  Signature Authorization
·  NAMB Mortgage Broker Contract
·  Mortgage Broker Fee Disclosure
·  Lock-in Agreement
·  Waiver of Escrow
·  ECOA, Reg. B
·  Fair Lending Notice
·  Private Mortgage Insurance Disc. (Pages 1 & 2, Generic)(if applicable)
·  FL- Mortgage Broker Contract (Pages 1-3)
·  FL- Equal Credit (Pages 1 & 2)
·  1003 Application (Pages 1-4)
·  Request for Tax Form 4506 (Pages 1 & 2)
Collect the following documents:
·  Pay Stubs for the last 2 pay periods
·  Bank statements for previous 2 months
·  Tax Returns or W-2s for the past 2 years

Refi documents

·  Copy of Title
·  Copy Warranty Deed
·  Copy of Survey

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