Please note: all loans are subject to investor guidelines and approval. Not all applicants are eligible.

Transcription

1 ASSUMPTION PACKAGE We appreciate yur interest in dwnlading ur Assumptin Package. We understand that purchasing a hme is ne f the biggest decisins t make and we are here t help yu thrugh it. An assumptin may r may nt be the right ptin available fr yu. Please read the FAQ sectin f the Assumptin Package fr additinal infrmatin. If yu still have questins, dn t hesitate t cntact ur Assumptin Department fr mre infrmatin. Please nte: all lans are subject t investr guidelines and apprval. Nt all applicants are eligible. Here's what yu need: Name, current address and scial security number Name(s), and wrk number(s) f emplyer(s) fr the past tw years Mnthly incme fr yu and yur c-brrwer (mst recent pay stub(s) with year-t-date incme) including bnuses, cmmissins and vertime incme fr the past tw years (this infrmatin is n yur tax return) If yu are self-emplyed, yu will need the last tw years' tax returns fr the type f business yu wn: Sle Prprietrship (Schedule C), Partnership (Frm 1065), r Crpratin (Frm 1120 r 1120s). In additin, the last tw years' persnal tax returns (including K-1s) Dcumentatin t supprt credit histry prblems (if applicable), which can be a written explanatin f late payments, bankruptcy (petitin and discharge papers), defaults, judgments, and/r liens As part f clsing, we will have t verify all funds that yu receive; s it's a gd idea t get tgether any dcuments that will verify prf f receipt r depsit fr funds, like gifts and trust accunts What t expect: Step 1: Read ver the FAQ s carefully prir t filling ut the Assumptin Package applicatin. Step 2: Gather the infrmatin abve t cmplete all required pages f the Assumptin Package applicatin. Step 3: Cmplete the Assumptin Package in its entirety and send back t ur mrtgage servicing department at: Assumptins Department, 425 Phillips Blvd PO Bx 77412, Ewing, NJ It is recmmended that cpies are made f all dcuments t retain fr yur recrds prir t mailing them t ur ffice. Step 4: Upn receipt f the package, disclsures are sent t the applicant(s) at the mailing address prvided within three business days. The applicant(s) shuld read all pages carefully and nt hesitate t call us with any and all questins abut the disclsures. A letter will als g ut requesting any utstanding missing items. Step 5: Sign all required disclsures and send back, alng with any requested items, t the mrtgage servicing department at: Assumptins Department, 425 Phillips Blvd PO Bx 77412, Ewing, NJ It is recmmended that cpies are made f all dcuments t retain fr yur recrds prir t mailing them t ur ffice. Step 5: Our receipt f signed disclsures and missing items requested. The Assumptin Package will nt be cnsidered cmplete until all signed disclsures and utstanding items are prvided; therefre, a review f the request will nt be made until the package is cnsidered cmplete. An underwriting decisin will be made within thirty (30) days f a cmplete package. Failure t prvide all utstanding items will result in the assumptin request being terminated. Step 6: A phne call is made t the applicant(s) and a letter is sent nce an underwriting decisin has been made. Additinal dcuments/items may be required t cmplete the review f the applicatin. Step 7: If apprved, the applicant(s) is t prvide the name, address and cntact persn at a Title Cmpany r Real Estate Attrney s ffice in rder t send ut clsing dcuments. Step 8: A fee sheet is sent by ur ffice t the Title Cmpany/Real Estate Attrney t cnfirm all clsing csts. Step 9: Upn receipt f the cmpleted fee sheet, a Clsing Disclsure and Purchaser/Seller Clsing Cst Frm is sent t the applicant(s) that summarizes the final clsing csts. Bth dcuments must be signed and returned back t ur ffice s that we may send ut the clsing dcuments t the Title Cmpany/Real Estate Attrney. Step 10: All parties are t schedule a date and time with the Title Cmpany/Real Estate Attrney t sign the clsing dcuments. Step 11: Sign all required clsing dcuments and send back, alng with an updated insurance plicy declaratin page and deed f transfer, t the mrtgage servicing department at: Assumptins Department, 425 Phillips Blvd PO Bx 77412, Ewing, NJ Changes t the lan will be made within three t five business days upn receipt.

2 FREQUENTLY ASKED QUESTIONS Q: Wh can assume my lan? A: All lans must meet investr requirements. Eligibility varies per investr. Q: Wh/What is an investr? A: A grup r entity wh gives mney t the lender (us) fr the purpse f lending t brrwers. Q: If I cannt qualify n my wn, can I have a c-brrwer? A: Yu can have a c-brrwer assume with yu, but they must meet the same investr guidelines t qualify. Q: Hw lng will the prcess take? A: An underwriting decisin can take up t thirty (30) days frm the receipt f a cmplete applicatin. Once apprved, a clsing will need t be held, at yur expense, which culd add anther furteen (14) days t the prcess. Q: What are the ttal csts invlved? A: In additin t ur prcessing and credit reprt fee, either the current brrwer(s) r applicant(s) will be respnsible fr all clsing csts with the title cmpany r real estate attrney. Als, any utstanding fees n the lan must be satisfied befre r at clsing. Q: Wh is respnsible fr making the mrtgage payments during the assumptin? A: The mrtgage payments can be made by either the current brrwer(s) r applicant(s). This shuld be decided between the afrementined parties. Q: Can any payments be skipped during an assumptin? A: All payments must cntinue t be made n time thrughut the assumptin prcess. If the lan becmes delinquent at any time, we have the right t clse the assumptin. Q: Will the interest rate/term change during an assumptin? A: N. The terms f the nte will remain unchanged after the assumptin is cmplete. If there was a mdificatin prir t the assumptin, the terms f mdificatin wuld remain unchanged. Q: Wh receives the funds in escrw nce the assumptin is cmpleted? A: The escrw funds will remain with the lan nce it is assumed. If there is a shrtage, it will need t be satisfied befre r at clsing. Typically, there is a credit given t the releasing brrwer(s). Any excess funds shuld be discussed with all parties befre r at clsing. Q: I am just remving the ther party frm the lan. Why d I have t qualify fr an assumptin? A: Remving a brrwer frm the lan is similar t a sale and cnsidered an assumptin. An assumptin is a qualifying prcess. The remaining brrwer must demnstrate ability t repay the lan, even if their financials were used t btain the riginal lan. Q: There is n buyer. This is a divrce situatin. D we still need t cmplete an Assumptin Package? A: Yes. Even thugh there is n buyer, ne brrwer is being released. An assumptin wuld need t be cmpleted. A full prperty settlement r a full divrce decree shwing wh was awarded the prperty is required. Q: Whse name shuld appear n the deed? A: The new deed must nly have the parties assuming the lan. Q: What dcuments are included in the Assumptin Package? A: The Assumptin Package cntains the fllwing dcuments: Cnventinal Assumptin Package With Release f Liability Frm Residential Lan Applicatin Buyer s Infrmatin Sheet Occupancy Statement W-9 Taxpayer ID Certificate Mrtgagr s Certificate Nte T Hmewner Gift Letter Incme and Expense Statement Brrwer s Signature Authrizatin Q: Can the Assumptin Package be faxed r ed? A: The riginal, cmpleted, Assumptin Package must be mailed t ur Assumptins Department at: Assumptins Department, 425 Phillips Blvd PO Bx 77412, Ewing, NJ

3 CONVENTIONAL ASSUMPTION PACKAGE WITH RELEASE OF LIABILITY The lan must be current PRIOR t the receipt f the Assumptin Package. The assumptin prcess will NOT begin until the belw items and mnies required are received by ur ffice. If the lan becmes delinquent during the review, the assumptin prcess will autmatically be terminated. During ur review, we must first determine whether the prspective buyer(s) is/are creditwrthy t assume this bligatin. Therefre, we have enclsed the fllwing dcuments t be cmpleted and mailed t us fr prcessing: Dcument Residential Lan Applicatin Buyer s Infrmatin Sheet Occupancy Statement W-9 Taxpayer ID Certificate Mrtgagr s Certificate Nte t Hmewner Gift Letter Incme and Expense Prperty Owned Brrwer Signature Authrizatin Descriptin Lan applicatin t be cmpleted by Purchaser(s). Brrwer infrmatin, Emplyer infrmatin, Mnthly Incme and Cmbined Husing Expense Infrmatin, Assets and Liabilities and Declaratins sectin must be cmpleted and accmpanied by supprting dcumentatin. Cntact infrmatin fr Purchaser(s). All cmmunicatin will be sent t infrmatin listed n sheet. Purchaser(s) t indicate whether the assumed prperty will be ccupied r an investment. Request fr Taxpayer Identificatin Number and Certificatin. T be cmpleted by Purchaser(s). Purchaser(s), Seller(s) and Brker Acknwledgement that all statements in cntract are true and accurate. Must be signed by purchaser(s), seller(s) and brker(s), if applicable. Purchaser(s) and Seller(s) Acknwledgement. Must be signed by bth parties. T be cmpleted by Purchaser(s) if prperty being gifted by Seller(s). Purchaser(s) t list ther prperties wned. Must be signed by purchaser(s). T be cmpleted by Purchaser(s). Prvides authrizatin t btain credit, verify emplyment histry, bank accunts and ther assets f the applicant. In additin t the items abve, we require a cpy f the fllwing items in rder t cnsider yur applicatin cmplete: W-2's fr the past tw years. Three mst recent cnsecutive pay stubs fr each applicant (emplyer infrmatin must be present n stubs). If self-emplyed ONLY, please prvide tax returns (persnal and business) with all schedules fr the past tw years, alng with a year-t-date prfit and lss statement. Three mnths f the mst recent cnsecutive bank statements fr all accunts (ALL PAGES). IRA accunt statements are nt required. Sales (assumptin) cntract between seller and buyer. ONLY in the case f a divrce, prvide a cpy f the Prperty Settlement Agreement/Divrce Decree shwing wh was awarded the prperty. If there is a secnd mrtgage, supply the balance, mnthly payment, name, address, and accunt number f lender n the Unifrm Residential Lan Applicatin. A ne year lease agreement fr all rental prperties and 2 years f individual incme tax returns. A valid and legible Passprt r United States Driver s License AND Scial Security Card. A separate check in the amunt f $9.90 fr the credit reprt fee ($18.00 fr tw applicants). Please nte: There is als a separate check needed fr ur Assumptin Prcessing Fee. The prcessing fee, which can range frm $ t $900.00, will be required t be paid at clsing if the assumptin request is apprved. The exact amunt will be specified with the initial disclsure paperwrk. Once yu have cmpleted all f the enclsed frms and included all f the requested infrmatin abve, please mail the cmpleted and ORIGINAL Assumptin Package t: Assumptin Department 425 Phillips Blvd PO Bx Ewing, NJ Please sign t acknwledge that yu have read the Assumptin Package cver page, Frequently Asked Questins and Cnventinal Assumptin Package With Release f Liability frm. Purchaser Purchaser

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8 BUYER S INFORMATION TO BE COMPLETED BY PURCHASER(S) LOAN NUMBER: DATE: BORROWER NAME: SOCIAL SECURITY NUMBER: - - PRESENT ADDRESS: HOME PHONE NUMBER: BUSINESS PHONE NUMBER: ADDRESS*: FUTURE BILLING ADDRESS: PLACE OF EMPLOYMENT: CO - BORROWER NAME: SOCIAL SECURITY NUMBER: - - PRESENT ADDRESS: HOME PHONE NUMBER: BUSINESS PHONE NUMBER: ADDRESS*: FUTURE BILLING ADDRESS: PLACE OF EMPLOYMENT: ( ) BORROWER(S) WILL OCCUPY THE PROPERTY ( ) BORROWER(S) WILL NOT OCCUPY THE PROPERTY Purchaser (Brrwer) Purchaser (C-Brrwer) *By prviding yur address, yu acknwledge that yu cnsent t receiving crrespndence via , including ntices, disclsures, authrizatins, acknwledgements, and ther dcuments that are required t be prvided. We will nt use yur address as an ffer r fr slicitatin purpses. Als, we d nt intend t share yur address with any ther third party.

9 OCCUPANCY STATEMENT TO BE COMPLETED BY PURCHASER(S) LOAN NUMBER: DATE: PROPERTY ADDRESS: I / WE INTEND TO OCCUPY THE ABOVE REFERENCED PROPERTY AS MY / OUR PRIMARY RESIDENCE. (PLEASE CHECK THE APPROPRIATE BOX) YES NO IF YOU DO NOT INTEND FOR THIS PROPERTY TO BE YOUR PRIMARY RESIDENCE, PLEASE PROVIDE US WITH THE MAILING ADDRESS ALL FUTURE CORRESPONDENCE SHOULD BE SENT TO BELOW: Purchaser (Brrwer) Purchaser (C-Brrwer) IMPORTANT INFORMATION REGARDING THE ABOVE PROPERTY: A fld zne determinatin will be rdered as part f the assumptin prcess. If it is determined that the prperty is in a fld hazard area, fld insurance will be required. The fld insurance premium will be added t the escrw prtin f the mrtgage payment. Please be advised that when this lan is assumed, all Mrtgage Life and/r Accident and Health Insurance will be terminated. Premiums will n lnger be included in the mnthly mrtgage payments. It may be pssible t btain new Optinal Mrtgage Insurance cverage thrugh anther carrier. Please cntact the Mrtgage Servicing Department fr mre infrmatin. Als, prir t the assumptin being apprved, a Deed f Transfer is required. Yu shuld cntact a Real Estate Attrney r the lcal cunty s ffice fr mre infrmatin.

10 Frm W-9 (Rev. December 2014) Department f the Treasury Internal Revenue Service Request fr Taxpayer Identificatin Number and Certificatin 1 Name (as shwn n yur incme tax return). Name is required n this line; d nt leave this line blank. Give Frm t the requester. D nt send t the IRS. 2 Business name/disregarded entity name, if different frm abve Printrtype SeeSpecificInstructinsnpage2. 3 Check apprpriate bx fr federal tax classificatin; check nly ne f the fllwing seven bxes: Individual/sle prprietr r C Crpratin S Crpratin Partnership Trust/estate single-member LLC Limited liability cmpany. Enter the tax classificatin (C=C crpratin, S=S crpratin, P=partnership) Nte. Fr a single-member LLC that is disregarded, d nt check LLC; check the apprpriate bx in the line abve fr the tax classificatin f the single-member wner. Other (see instructins) 5 Address (number, street, and apt. r suite n.) 6 City, state, and ZIP cde 7 List accunt number(s) here (ptinal) 4 Exemptins (cdes apply nly t certain entities, nt individuals; see instructins n page 3): Exempt payee cde (if any) Exemptin frm FATCA reprting cde (if any) (Applies t accunts maintained utside the U.S.) Requester s name and address (ptinal) Part I Taxpayer Identificatin Number (TIN) Enter yur TIN in the apprpriate bx. The TIN prvided must match the name given n line 1 t avid backup withhlding. Fr individuals, this is generally yur scial security number (SSN). Hwever, fr a resident alien, sle prprietr, r disregarded entity, see the Part I instructins n page 3. Fr ther entities, it is yur emplyer identificatin number (EIN). If yu d nt have a number, see Hw t get a TIN n page 3. Nte. If the accunt is in mre than ne name, see the instructins fr line 1 and the chart n page 4 fr guidelines n whse number t enter. Scial security number r Emplyer identificatin number Part II Certificatin Under penalties f perjury, I certify that: 1. The number shwn n this frm is my crrect taxpayer identificatin number (r I am waiting fr a number t be issued t me); and 2. I am nt subject t backup withhlding because: (a) I am exempt frm backup withhlding, r (b) I have nt been ntified by the Internal Revenue Service (IRS) that I am subject t backup withhlding as a result f a failure t reprt all interest r dividends, r (c) the IRS has ntified me that I am n lnger subject t backup withhlding; and 3. I am a U.S. citizen r ther U.S. persn (defined belw); and 4. The FATCA cde(s) entered n this frm (if any) indicating that I am exempt frm FATCA reprting is crrect. Certificatin instructins. Yu must crss ut item 2 abve if yu have been ntified by the IRS that yu are currently subject t backup withhlding because yu have failed t reprt all interest and dividends n yur tax return. Fr real estate transactins, item 2 des nt apply. Fr mrtgage interest paid, acquisitin r abandnment f secured prperty, cancellatin f debt, cntributins t an individual retirement arrangement (IRA), and generally, payments ther than interest and dividends, yu are nt required t sign the certificatin, but yu must prvide yur crrect TIN. See the instructins n page 3. Sign Signature f Here U.S. persn General Instructins Sectin references are t the Internal Revenue Cde unless therwise nted. Future develpments. Infrmatin abut develpments affecting Frm W-9 (such as legislatin enacted after we release it) is at Purpse f Frm An individual r entity (Frm W-9 requester) wh is required t file an infrmatin return with the IRS must btain yur crrect taxpayer identificatin number (TIN) which may be yur scial security number (SSN), individual taxpayer identificatin number (ITIN), adptin taxpayer identificatin number (ATIN), r emplyer identificatin number (EIN), t reprt n an infrmatin return the amunt paid t yu, r ther amunt reprtable n an infrmatin return. Examples f infrmatin returns include, but are nt limited t, the fllwing: Frm 1099-INT (interest earned r paid) Frm 1099-DIV (dividends, including thse frm stcks r mutual funds) Frm 1099-MISC (varius types f incme, prizes, awards, r grss prceeds) Frm 1099-B (stck r mutual fund sales and certain ther transactins by brkers) Frm 1099-S (prceeds frm real estate transactins) Frm 1099-K (merchant card and third party netwrk transactins) Frm 1098 (hme mrtgage interest), 1098-E (student lan interest), 1098-T (tuitin) Frm 1099-C (canceled debt) Frm 1099-A (acquisitin r abandnment f secured prperty) Use Frm W-9 nly if yu are a U.S. persn (including a resident alien), t prvide yur crrect TIN. If yu d nt return Frm W-9 t the requester with a TIN, yu might be subject t backup withhlding. See What is backup withhlding? n page 2. By signing the filled-ut frm, yu: 1. Certify that the TIN yu are giving is crrect (r yu are waiting fr a number t be issued), 2. Certify that yu are nt subject t backup withhlding, r 3. Claim exemptin frm backup withhlding if yu are a U.S. exempt payee. If applicable, yu are als certifying that as a U.S. persn, yur allcable share f any partnership incme frm a U.S. trade r business is nt subject t the withhlding tax n freign partners' share f effectively cnnected incme, and 4. Certify that FATCA cde(s) entered n this frm (if any) indicating that yu are exempt frm the FATCA reprting, is crrect. See What is FATCA reprting? n page 2 fr further infrmatin. Cat. N X Frm W-9 (Rev )

11 MORTGAGOR S CERTIFICATE TO BE COMPLETED BY PURCHASER(S), SELLER(S) AND BROKER(S) LOAN NUMBER: We the undersigned, the seller(s), the purchaser(s), and the brker(s) invlved in this transactin, each certify that the terms f the cntract fr purchase are true t his/her best knwledge and belief and that any ther agreement entered int by any f these parties in cnnectin with this transactin is attached t the sales agreement. Purchaser Signature Purchaser Signature Seller Signature Seller Signature Brker Signature Brker Signature Warning: It is a crime t knwingly make false statements t the United States n this r any ther similar frm. Penalties upn cnvictin can include a fine and imprisnment. Fr details, see Title 18 U. S. Cde Sectin 1001 and Sectin *IMPORTANT INFORMATION ABOUT PROCEDURES FOR AN ASSUMPTION T help the gvernment fight the funding f terrrism and mney laundering activities, Federal law requires all financial institutins t btain, verify, and recrd infrmatin that identifies each persn wh pens an accunt. What this means fr yu: When yu pen an accunt, we will ask fr yur name, address, date f birth, and ther infrmatin that will allw us t identify yu.

12 NOTE TO HOMEOWNER TO BE COMPLETED BY PURCHASER(S) AND SELLER(S) LOAN NUMBER: Things yu shuld knw regarding the lan while the assumptin is in prcess: The applicant(s) must sign as the Purchaser and the current hmewner(s) must sign as the Seller. Even thugh the prperty cvered by this lan is in the prcess f a sale, this des nt relieve the current brrwer f the respnsibility f making their required mnthly payments. Mnthly payments received after the date specified in the Nte will still require an additinal fee fr the mnthly late charge based n the terms f the Nte. A review f the assumptin request includes, but is nt limited t, the items mentined in the Cnventinal Assumptin Package With Release f Liability. Apprval is subject t investr guidelines and requirements. As required by TRID, varius disclsures will be sent ut t the applicant(s). Upn receipt f all items listed n the Cnventinal Assumptin Package With Release f Liability, a credit reprt will be rdered, and we will begin prcessing yur applicatin. All requested incme, emplyment and credit infrmatin must be submitted and reviewed befre the lan can be cnsidered fr underwriting apprval. When the lan file is cmpletely prcessed, the applicant(s) will be respnsible fr lcating a clsing agent lcally wh will be able t execute and cmplete ur clsing package. Once the clsing package is cmpleted, it must be remitted t ur ffice fr final prcessing. Our nrmal prcessing time is apprximately 30 days frm receipt f all the verified infrmatin. As we are relying n utside agencies t prvide verificatins, we ask that yu wait a minimum f 30 days befre cntacting ur ffice fr status. An authrizatin is required t speak t any third party assisting with the prcess. All crrespndence pertaining t the assumptin request shuld be sent t the belw address. Please ntate the lan number n all crrespndence, if sent separately, t make sure all paperwrk is prcessed accurately. The mailing address is: Assumptin Department 425 Phillips Blvd PO Bx Ewing, NJ If yu have any questins, please d nt hesitate t cntact us. All parties must sign belw t acknwledge that they have read the entire dcument. Purchaser Signature Purchaser Signature Seller Signature Seller Signature

13 GIFT LETTER TO BE COMPLETED BY PURCHASER(S), SELLER(S) AND DONOR(S), IF APPLICABLE LOAN NUMBER: DATE: I,, d hereby certify the fllwing: (Dnr) (1) I have made a gift f $ t (Amunt) (Recipient) Whse relatinship is: (Relatinship) (2) This gift is t be applied twards the purchase f the prperty lcated at: (Prperty Address) (3) N repayment f the gift is expected r implied in the frm f cash r by future services f the recipient. (4) The funds given t the hmebuyer were nt made available t the dnr frm any persn r entity with an interest in the sale f the prperty including the seller, real estate agent r brker, builder, lan fficer r any entity assciated with the hmebuyer. (5) The surce f the gift is: (Surce) Dnr Signature Brrwer Signature Dnr Name (Print) Brrwer Signature Dnr Address ( ) Dnr Phne Number WARNING: Our signatures abve indicate that we fully understand that it is a Federal Crime punishable by fine, imprisnment r bth t knwingly make any false statements cncerning any f the abve facts as applicable under the prvisin f Title 18, United States Cde, Sectin 1012 and Attachments: (1) Evidence f Dnr s Ability t Prvide Funds (2) Evidence f Receipt f Transfer f Funds

14 INCOME AND EXPENSE PROPERTY OWNED TO BE COMPLETED BY PURCHASER(S) LOAN NUMBER: DATE: Purchaser shuld include ther prperties wned. Please cmplete a separate frm fr each prperty. PROPERTY ADDRESS: LENGTH OF TIME OWNED: PRESENT MARKET VALUE: MONTHLY GROSS INCOME $ A. NUMBER OF UNITS B. RENTAL PER UNIT: 1. $ 2. $ 3. $ 4. $ 5. $ 6. $ C. LEASE: YES: NO: D. NAME OF MORTGAGEE: E. CURRENT MORTGAGE BALANCE: $ MONTHLY EXPENSES $_ A. MORTGAGE PRINCIPLE & INTEREST $ B. OTHER FINANCING-PRINCIPLE & INTEREST $ C. REAL ESTATE TAXES $ D. INSURANCE PREMIUMS $ E. MAINTENANCE $ F. HEAT (IF PROVIDED BY OWNER) $ G. UTILITIES $ NET MONTHLY INCOME $_ I HEREBY CERTIFY THAT THE ABOVE FIGURES ACCURATELY REPRESENT THE INCOME AND EXPENSES ON THE PROPERTY CAPTIONED ABOVE. I MAKE THE STATEMENT KNOWING THAT THE LENDER, THE SERVICER AND THE FEDERAL HOUSING ADMINISTRATION AND OR THE VETERANS ADMINISTRATION WILL USE ITS CONTENTS IN THEIR DETERMINATION OF MY APPLICATION. Owner Owner

15 BORROWER SIGNATURE AUTHORIZATION TO BE COMPLETED BY PURCHASER(S) LOAN NUMBER: DATE: Privacy Plicy Ntice: This infrmatin is t be used by the agency cllecting it r its assignees in determining whether yu qualify as a prspective mrtgagr under its prgram. It will nt be disclsed utside the agency except as required and permitted by law. Yu d nt have t prvide this infrmatin, but if yu d nt yur applicatin fr apprval as a prspective mrtgagr r brrwer may be delayed r rejected. The infrmatin requested in this frm is authrized by Title 38, USC, Chapter 37 (if VA); by 12 USC, Sectin 1701 et. Seq. (if HUD/FHA); by 42 USC, Sectin 1452b (if HUD/CPD); and Title 42 USC, 1471 et. Seq., r 7 USC, 1921 et. Seq. (if USDA/FmHA). Part 1 General Infrmatin 1. Brrwer(s) 2. Name and address f Lender/Brker Part 2 Brrwer Authrizatin I hereby authrize the Lender/Brker t verify my past and present emplyment earnings recrds, bank accunts, stcks hlding, and any ther asset balances that are needed t prcess my mrtgage lan applicatin. I further authrize the Lender/Brker t rder a cnsumer credit reprt and verify ther credit infrmatin, including past and present mrtgage and landlrd references. It is understd that a cpy f this frm will als serve as authrizatin. The infrmatin the Lender/Brker btains is nly t be used in the prcessing f my applicatin fr a mrtgage lan. Brrwer Brrwer

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