Summit Bank Partner CLOSING FILE SUBMISSION FORM

Transcription

1 Summit Bank Partner CLOSING FILE SUBMISSION FORM Brwer(s): Prperty Address: Clsing Date: Saummit Lan Number: Clsing Time: Disbursement Date: Bank Partner: Prcessr: Lan Officer: All can be scanned and ed t: Clsing Transmittal: Fully cmpleted and signed by LO and Prcessr Lck Cnfirmatin: Cannt rder funds withut Funding Request Frm Apprval (N pen PTC s) Hazard Insurance Binder and Paid Receipt (if available) Fld Cert MI Cert Typed 1003 and pages 1, 2 & 4 f the HUD/VA addendum if applicable Clsing Prtectin Letter Matches Cmmitment Transactin Specific Blanket Letter Title Cmmitment, with 24 mnths chain f title; Dated within 6 mnths f clsing r GAP cverage. Plat r Survey if applicable. ATC Apprval cnditins that need t be signed at clsing. Examples f items that g here are: Tax returns, Disclsures, Lck Agreement, any dcument that needs t be sent t clsing fr signature. D nt include cnditins which must be cleared by underwriting. ATC Apprval cnditins which have already been btained and didn t require apprval by U/W. i.e. Signed disclsures, Signed lck agreement, Signed ARM disclsure, riginal dcs, verbal VOE s. D nt include items which required apprval by Underwriting. Misc. Special Instructins/Ntes: 5/07 Be sure t have Upladed the Lan t WebTrac.

2 FHA SUBMISSION FORM-Credit Pkg. Only- Bank Partner PROGRAM: FAX #: Clsing Time: Lan #: FILE ORDER- can scan and send 2 s One fr right side and ne fr left side. appraisals@summit-mrtgage.cm FHA Submissin LEFT SIDE: Submissin Frm/FHA Cver Letter CreLgic r Krll Fraud Reprt if applicable Lck Agreement Bnd Prgram Dcs Dcuments required fr MHFA r ther Bnd Prgrams/Hmebuyer training disclsure 203k Dcs 203K dcuments, if applicable Purchase Agreement Purchase Agreement and all HUD addendums (Real Estate Cert and Escape Clause) Titlewrk 12 Mnth Chain f Title Update r Verify names in FHA Cnnectin t match. Cnditinal Cmmitments Cnditinal Cmmitments - nly pages 3-4 n HUD B Appraisal Appraisal - FHA Case# added by appraiser (E & O Insurance, current License r Cert f Nn-influence) Case # Assignment Case Number Assignment and screen print shwing appraiser is FHA certified. Clear brrwer(s) SS# validatin -yu must g int Hlds Tracking the next business day & reprint Clear CAIVR numbers. Builder Certificatin, Specs, Plans, Plt Plan (New Cnstructin) HVCC RIGHT SIDE: Analysis & Applicatin Prcessing Checklist DU/L Findings (All DU/LP cnditins must als be enclsed) N/A n streamline LT r FHA Lan Transmittal - Yu must add the Case # with the ADP cde as the suffix. Direct Endrsement Apprval (pages 3 and 4 f typed A) - Addendum t 1003, unsigned Pages 1 and 2 f typed A - Addendum t 1003, unsigned Final URLA (1003) - Did yu add yur NMLS#? Initial 92900A-(Addendum t 1003, signed pgs 1&2) Initial URLA (1003) - signed & dated Occupancy Certificatin Imprtant Ntice t Hmebuyer - required n ALL FHA lans Ntice t Hmebuyer Regarding Sales by Assumptin - required n ALL FHA lans Infrmed Cnsumer Chice Disclsure - required n ALL FHA lans LDP/GSA - Check FHA Cnnectin fr everyne assciated with file, print it & include LDP/GSA checklist. Investr Exclusinary Certificatin GMAC Credit Red Flags Checklist Credit Reprt -OFAC n credit reprt Credit Explanatin and LOX n Inquiries in past 90 days Existing Mrtgage Dcumentatin (payffs etc ) Update mrtgage credit histry Any supprtive credit infrmatin, i.e. rental references, direct credit references, utility histry etc. Streamline Refinance Mrtgage Calculatin Wrksheet, & Net Tangible Benefit Wrksheet. Bankruptcy dcuments Divrce Decree Assets Asset verificatins - VOD with n bank statement r 2 bank statements fr Alt Dc. Other asset verificatins Gift letter, 401K lan inf, net sheet, etc. Incme Incme Verif-VOE with current pay stub r verbal with Alt Dc. Put brr in cnsecutive rder, then c-b. Tax Returns and Prfit and Lss Statements Signed IRS 4506T and Tax Transcripts Evidence f Scial Security Number: If IRS print ut f returns nt in file, prvide cpy f SS card r W2. I hereby certify that I have cmpletely reviewed this file and that all required items have been prvided. Prcessr Date

3 FILE ORDER QA Disclsure Package Retail Lans Bank Partners FAX #: Clsing Time: Lan #: PROGRAM: (Mandatry t Underwrite) QA Disclsure Package Retail Lans - this frm Initial/Handwritten 1003 (this will be a cpy frm the UW package). LO signature date is the fficial applicatin date! USA Patrit Act Servicing Transfer Disclsure Subsequent GFEs & Changed Circumstance Discl. (if applicable) Each subsequent GFE must be accmpanied by a Changed Circumstance Disclsure! Initial Gd Faith Estimate 3 pgs Itemized Fee Wrksheet Initial Truth in Lending Has yur APR changed mre r less than 1/8 f 1%?? If s, remember t re-disclse. Acknwledgement f Initial disclsures List f Settlement Service Prviders Lck Agreement fully cmpleted (see chapter 6 f Encmpass manual n hw t cmplete) FACT Act/Ntice t Hme Lan Applicant Brrwer Certificatin and Authrizatin Privacy Act Disclsure Disclsure Ntices - ECOA Right t Cpy f Appraisal (if FHA, VA, r RD) ALL State Specific Disclsures ALL Nn-Traditinal Prduct Disclsures (ARM, Interest Only, HELOC, etc.) I hereby certify that I have cmpletely reviewed this file and that all required items have been prvided. Prcessr s Signature Date Revised 01/11/2011

4 VA IRRRL SUBMISSION FORM Credit nly-bank Partner FAX #: Clsing Time: Lan #: Send t: FILE ORDER (ALL DOCUMENTS ON RIGHT SIDE OF FILE) PROGRAM: (Mandatry t Underwrite) VA IRRRL Index Uplad t WebTrac Submissin Frm VA IRRRL Cver Letter (ptinal) CreLgic r Krll Fraud Reprt if applicable Lck Agreement Prcessing Checklist - if applicable Original Certificate f Eligibility =VA r ACE - generated thru WebLGY VAVerificatin f Benefit Related Indebtedness (if needed fr disability) VA Interest Rate Reductin Refinance Wrksheet VA Prpsal t Refi- cmparisn f ld and new payments fr IRRRL nly (yu can hand write in the CAIVR # n the bttm f the IRRRL wrksheet) Final URLA (1003) & Addendum (VA a) unsigned - Did yu add yur NMLS#? Initial URLA(1003) & Addendum (VA a) signed and dated. Occupancy Certificatin Payff Cpy f nte n current mrtgage VOM Credit reprt with scres fr all brrwers Red Flag Checklist 12 Mnth Chain f Title VA Case Number Assignment I hereby certify that I have cmpletely reviewed this file and that all required items have been prvided. Prcessr Date Revised 10/10

5 VA SUBMISSION FORM Credit Package Only-Bank Partner FAX #: Clsing Time: Lan #: PROGRAM: (Mandatry t Underwrite) FILE ORDER (ALL DOCUMENTS ON RIGHT SIDE OF FILE) Send t: appraisals@summit-mrtgage.cm Uplad t WebTrac Analysis and Applicatin Submissin Frm/VA Prcessing Checklist (if applicable) Cver Letter CreLgic r Krll Fraud Reprt if applicable Lck Agreement DU/LP Findings (all DU/LP cnditins must als be enclsed) Original Certificate f Eligibility - VA VA Verificatin f Benefit Related Indebtedness (if needed, disability) VA Cunseling Checklist fr Active Duty Buyers Mbilizatin Cert Lan Analysis with CAIVR VA Final URLA (1003) & Addendum (VA a) unsigned - Did yu add yur NMLS#? Initial URLA(1003) &Addendum (VA a) signed & dated. Occupancy Certificatin Credit Red Flags Checklist Credit Reprt Credit and Inquiry Explanatins Existing Mrtgage Dcumentatin Any supprtive credit infrmatin, i.e. rental references, direct credit references, utility histries, etc. Update mrtgage credit histry, if applicable Bankruptcy Dcuments Divrce Decree Child Care Letter Assets Asset Verificatin - VOD r 2 mnths bank statements fr Alt Dc Other Asset Verificatins - Gift Letter, 401K lan inf, Net Sheet, etc. Incme Incme Verificatin - VOE s with current pay stub r Verbal with Alt Dc. (in cnsecutive rder) Tax Returns and Prfit and Lss Statements Signed IRS 4506T and Tax Transcripts Purchase Agreement Purchase Agreement, including VA Escape Clause Title Wrk 12 Mnth Chain f Title Appraisal NOV with Cpy f Appraisal - NOTE: VA appraisals need t be frwarded t UW as sn as yu receive them, whether the file is ready t submit r nt. UW has t issue the Ntice f Value within 5 days f receipt f the appraisal. Bnd Prgram Dcs Dcuments required fr MHFA/r ther bnd Prgrams & Hmebuyer training disclsure. I hereby certify that I have cmpletely reviewed this file and that all required items have been prvided. Prcessr Date Revised 11/10