Request for Mortgage Assistance... For Mortgage Assistance Under HAMP and Other Foreclosure Prevention Alternative Programs. Submit your request today. HAMP IS ENDING SOON! If we don t receive your application on or before December 30, 2016 you will be ineligible for HAMP and any associated financial incentives! Here s how our process works. In order for us to determine your eligibility for any of these programs, you must first complete and submit the Request for Mortgage Assistance (the Application) that starts on page 5 of this packet as well as all supporting documents required as part of the Application. Questions? Call us at 1.800.781.7399 Monday - Friday 8 a.m. - 10 p.m. EST Send the information we need to help you. Please follow the 9 steps outlined on pages 3 and 4 to complete your Application. Please read these steps carefully and provide all of the required information. Providing incomplete documentation may delay or disqualify you from receiving a loan modification or an alternative Foreclosure Alternative Program. You will be asked to indicate whether you are interested in programs designed to help you retain your home such as a modification, repayment or forbearance plan, or programs where you do not desire to retain your home such as a short sale or deed-in-lieu of foreclosure. We are here to help you with your Application. If you have any questions or need assistance from a representative to help guide you through the Application process, please feel free to give us a call at 1.800.781.7399. 2016 CIT Group Inc. All rights reserved.
Important Information Not All Borrowers Will Qualify for a Loss Mitigation Offer We have not yet determined if you are eligible for a loan modification or other loss mitigation option. Qualification for any available assistance programs is subject to review of your Application (and related materials). We reserve the right to verify the information you submit and request other information and/or documentation to fully evaluate your eligibility. If you previously ere determined to be ineligible for a modification and are determined not to have a Change in Circumstance (see section titled Important Information for Borrowers Previously Denied for a Loan Modification), your loan is not eligible for consideration for a loan modification, however, other foreclosure alternative options may be available. Please contact us before completing the Application that starts on page 5, as some of the information collected on the Application may not be needed. Not all borrowers who submit a completed Application will qualify for a loan modification or other loss mitigation option. Application Requirements and Process In order to request consideration for a loan modification and other loss mitigation options, a complete Application together with all required supporting documents must be submitted to and accepted by CIT Bank, N.A. We will notify you if additional documents are required from you in order to complete our evaluation of your loan for loss mitigation. Within 5 business days of receipt of your first Application and any supporting documents, we will send you a letter acknowledging receipt and inform you whether the Application is complete or incomplete. If the Application is incomplete we will list the additional documents or information necessary to complete the Application and the date by which you must submit those documents or information. Once you have submitted a complete Application we will determine if you are eligible for a loan modification or other loss mitigation options based on your situation. In most cases, we will complete our evaluation within 30 days of receipt of your Application and all required supporting documents. If we are unable to complete our evaluation within 30 days we will notify you of the reason for delay and our estimated time to resolve the delay. Protection from Foreclosure Sale during the First Application Process If you fail to complete your first Application we will not refer the loan to foreclosure until the later of (i) the 120th day of delinquency or (ii) at least 30 days after we notify you that your Application is incomplete provided your Application remains incomplete on the ate of referral. Upon submission of a complete Application and all required supporting documents at least seven (7) business days prior to a scheduled foreclosure sale date (or 37 business days prior, in the case of borrowers whose loans are not eligible for loan modification), your home will not be (i) referred to foreclosure; or (ii) sold at foreclosure sale (if the foreclosure process had already been initiated prior to your submission) while your loan is evaluated for loss mitigation options. (NOTE: The foreclosure sale date will only be suspended if a complete Application is submitted and accepted by the applicable deadline prior to the foreclosure sale date and suspension of the foreclosure sale is permitted by the court or public official conducting the sale. In addition, if an Application is submitted less than 30 calendar days prior to a scheduled foreclosure sale date, the complete Application must be delivered through certified/express delivery mail with return receipt/delivery confirmation to CIT Bank, N.A., or the foreclosure attorney/foreclosure trustee.) Foreclosure Process May Proceed - Do not ignore any foreclosure notices. Following submission of a complete Application and all required supporting documentation, the loss mitigation evaluation and the foreclosure process (if it has already commenced) may proceed at the same time. While you will not lose your home to a foreclosure sale during the loss mitigation evaluation, you may receive foreclosure notices delivered by mail or in person, or you may see steps being taken to proceed with foreclosure. In order to protect your rights under applicable foreclosure law, you may need to respond to these foreclosure notices or take other actions. If you have any questions about the foreclosure process and the evaluation of your loss mitigation request, contact us at 1.800.781.7399. If you do not understand the legal consequences of foreclosure, you are also encouraged to contact a lawyer or housing counselor for assistance. Important Information for Borrowers Previously Denied for a Loan Modification: For borrowers previously evaluated for a loan modification who did not successfully complete the Trial Period Plan or who were determined to be ineligible for a loan modification or other foreclosure prevention alternative, CIT Bank, N.A. will consider an additional application only if the borrower submits documentation of a material change in financial circumstances ( Change in Circumstance ). A Change in Circumstance is a change in income resulting in qualification for a foreclosure prevention alternative for which you were previously ineligible. If there is no Change in Circumstance we will not accept your application and you will not be evaluated. If you document a Change in Circumstance and submit a complete application we will evaluate your eligibility for a modification or other option. We will suspend a foreclosure sale only if the time deadlines set forth in the Protection from Foreclosure Sale during the First Application Process section are met. Notice of Right to Receive a Copy of a Valuation Report if Ordered for Modification Decision In conjunction with assessing your loan for a modification, we may order a property valuation (appraisal or broker price opinion) to determine the property s value. We will promptly give you a copy of any property valuation ordered, even if your loan is not modified. You can pay for an additional appraisal for your own use at your own cost. Svc_RMA_004_04012016
Request for Mortgage Assistance (RMA) Homeowner Application Guide For your information only. Do not return with your Application. page 3 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Please complete the required steps outlined below to submit your Application for consideration of a loan modification or foreclosure alternative. Check off the boxes under the steps of the documents you are required to complete. This will help you keep track of all required pages. Step 1 Step 2 Step 3 Complete Borrower Information Worksheet Page 5 All borrowers must complete the Borrower Information Worksheet found on page 5. Please complete all fields and questions on this worksheet. Complete Property Information Worksheets Page 6 All borrowers must complete the Property Information for Which Assistance is Requested Worksheet found on page 6. Page 7 Other Properties Owned Information Worksheet section found on page 7 must be completed if you and/or any co-borrowers own property other than the property for which you are requesting mortgage assistance. Complete Income Worksheets for ALL Borrower(s) on the loan An income worksheet is required for each borrower based on the amount of income, type of wages earned, and frequency of income received. When reviewing the respective worksheet required based on income received, please review and submit the required proof of income documentation required by income source for all borrowers included on your Application. Income Worksheets for Borrowers Page 8 Salaried and Hourly Borrower Income Worksheet: Each borrower who is a full-time, part-time, or temporary employee who receives salaried or hourly income or income in the form of tips, commission, bonus, or incentives, must complete the Salaried and Hourly Income Worksheet found on page 8. Page 9 Self Employed or 1099 Borrower Income Worksheet: Each borrower who owns a business, works for themselves, and does not receive a W-2, or receive a 1099 for income they earn, must complete the Self- Employed Borrowers Income Worksheet found on page 9. Page 10 Other Income Borrower Income Worksheet: Complete page 10 for each borrower who has other sources of income. Step 4 Complete Contributor Information Worksheet for ALL Contributors on the loan (Only required if borrowers rely on contributor income to pay the mortgage.) Page 11 Contributor Information Worksheet: Income information for non-borrower contributors is collected on pages 11-14. An income worksheet is required for each contributor based on the amount of income, type of wages earned, and frequency of income received. When reviewing the respective worksheet required based on income received, please review and submit the required proof of income documentation required by income source for all contributors included on your Application. Income Worksheets for Contributors Page 12 Salaried and Hourly Contributor Income Worksheet: Complete page 12 if you receive income from a contributor who is a salaried non-borrower, including your spouse, who is not on the original note, resides in the residence, and whose income is relied upon to pay the mortgage. Page 13 Self Employed or 1099 Contributor Income Worksheet: Complete page 13 if you receive income from a self-employed non-borrower contributor, including your spouse, who is not on the original note, resides in the residence, and whose income is relied upon to pay the mortgage. Page 14 Other Income Contributor Worksheet: Complete page 14 if you receive income from a non-borrower contributor, who receives income from other sources, including your spouse, who is not on the original note, resides in the residence, and whose income is relied upon to pay the mortgage. SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Homeowner Application Guide (Continued) For your information only. Do not return with your Application. page 4 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Step 5 Step 6 Step 7 Step 8 Complete Household Expenses and Assets Worksheet Page 15 All borrowers are required to complete the Household Expenses and Assets Worksheet found on page 15. Complete and Sign ALL Applicable Forms Requiring Signature Page 16 Rental Property Certification found on page 16 should be completed only if you own a rental property for which you are seeking mortgage assistance. Page 17 All borrowers must complete a Hardship Affidavit found on page 17. You are required to provide a written explanation of your hardship. Page 18 Page 19 Page 20 All borrowers must review, complete and sign the Agreement found on page 18. Dodd-Frank Certification and Acknowledgement and All borrowers must complete the Information for Government Monitoring Purposes form found on page 19. Review Fraud Notice and Important Disclaimers. Complete IRS Tax Form 4506-T or 4506T-EZ Page 21 Please complete Form 4506T-EZ found on page 21, if you are a salaried borrower. Please complete sections 1a 4 (sections 5 and 6 are pre-populated with required information) and have each borrower sign the form. If tax returns are filed individually by borrower(s), EACH borrower must complete and sign a 4506T- EZ found on page 21. Form 4506-T: Please complete the 4506-T form if you are a self-employed borrower. This form can be downloaded from http://www.irs.gov/pub/irs-pdf/f4506t.pdf. Review Application to ensure all pages are completed, all documents required have been included and loan number is included at the top of each page. Step 9 Mail or FAX Submit your completed Application using one of the following methods: Fill out the enclosed Application and 4506T-EZ IRS tax form, and submit all required income documentation to: CIT Bank, N.A., CITB-4, 2900 Esperanza Crossing, Austin, TX 78758. Fax all documents including required proof of income to 1.866.435.7643. or Online If you would prefer to submit your Application online, please visit www.cit.com/residential-servicing and select Homeowner Assistance. You will be able to input all of your personal financial and property information, complete a hardship affidavit, and submit all of the required documents directly from your home computer. Within 72 hours of uploading or faxing your documents, you can log onto the online Application to view the status of each document. If a document you submit is incomplete or incorrect, we will provide you with instructions on how to resubmit it via U.S. mail, fax or online. SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 1: Borrower Information Worksheet page 5 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Borrower Information Co-Borrower Information Borrower Name Co-Borrower Name Social Security Number Social Security Number Date of Birth (mm/dd/yyyy) / / Date of Birth (mm/dd/yyyy) / / Home Phone Number Home Phone Number Cell or Work Number Cell or Work Number E-mail Address E-mail Address Number of Dependents Number of Dependents Check box if agree: I consent to being contacted concerning my mortgage at the e-mail address(es) and telephone number(s) listed above that I have provided to the Servicer. This consent includes calls made by autodialer or using prerecorded messages and text messages to a telephone number above that is a cellular or mobile number. Property Address Address City, State, ZIP Mailing Address City, State, ZIP (if same as mailing address, just write same) Bankruptcy Information Has any borrower filed for bankruptcy? Yes No Type of bankruptcy? Chapter 7 Chapter 11 Chapter 12 Chapter 13 Filing Date (mm/dd/yyyy) / / Bankruptcy case number Has your bankruptcy been discharged? Yes No Is your bankruptcy active? Yes No Has your bankruptcy been reaffirmed? Yes No Active Military Duty? Is any borrower a service member? Yes No Have you recently been deployed from your principal residence or recently received a permanent change of station order? Yes No Credit Counseling Information Have you contacted a credit-counseling agency for help? Yes No Counselor s Name Email Address SVC_RMA_003_04012016
Request for Mortgage Assistance (RMA) Step 2: Property Information for Which Assistance is Requested page 6 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Property Status Information I am interested in being considered for the following assistance programs (please see cover letter for descriptions of each program and please check all that apply): Loan Modification Refinance Repayment Plan Temporary Forbearance (Unemployed Borrowers Only) Short Sale Deed-In-Lieu The property for which I am requesting mortgage assistance is my: Primary Residence Second or Seasonal Home Investment Property* *If this property is an Investment Property, the property is currently: Vacant** Vacant and available for rent** Occupied by a tenant as their principal residence*** **If property is Vacant, please describe efforts to rent property ***If property is Occupied by a Tenant, please provide the Term of Lease/Occupancy dates (mm/dd/yyyy) / / / / Gross Monthly Rent $ Occupied without rent by your legal dependent, parent or grandparent as their principal residence Other Please describe the relationship of and duration of non-rent paying occupant of rental property: Property Taxes/Insurance Information Who pays the real estate tax bill on your property? I do Lender does Paid by Condo or HOA Are the taxes current? Yes No Who pays the Hazard Insurance for your property? I do Lender does Paid by Condo or HOA Is the policy current? Yes No Name of Insurance Company Annual Homeowner s Insurance $ Contact Number Listing Status Is the property for sale? Yes No Have you received an offer on the property? Yes No Listing Date (mm/dd/yyyy) Closing Date (mm/dd/yyyy) / / / / Amount of Offer Listing Agent s Name Previous Modification Information Listing Agent s Number Has the mortgage on the borrower s or any co-borrower(s) principal residence ever had a HAMP Trial Period Plan Yes No or permanent modification? Has the mortgage on any other property that you or any co-borrower own had a permanent HAMP modification? Yes No If yes, how many? Are you or any co-borrower currently being considered for a HAMP Trial Period Plan on a property other than your principal residence? Yes No Homeowners Association Do you have a condominium or Homeowners Association (HOA) Fees? Yes No Are the condominium or HOA fees paid current? Yes No Monthly Amount $ Name and Address Paid To Second Mortgage Information Are there additional Liens/Mortgages or Judgments on this property? Yes No Lien Holder s Name/Servicer Lien Holder s Contact Number Balance Owed $ Loan Number SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 2: Other Properties Owned Information Worksheet Please complete this page if you and/or any co-borrowers own additional properties other than the property for which you are requesting mortgage assistance. page 7 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Other Properties Owned (You must provide information about all properties that you or the co-borrower own, other than your principal residence and any property described in the section Other Property for Which Assistance is Requested. Use additional sheets if necessary.) Do you and/or any co-borrower(s) own individually, jointly, or with others any single family properties other than your principal residence? Yes No If Yes, how many? Primary Residence (Please complete if the property for which you are requesting mortgage assistance is not your primary residence.) Property Address Loan I.D. Number Servicer Name Mortgage Balance $ Current Value $ Monthly Mortgage Payment* $ Are there additional Liens/Mortgages or Judgments on this property? Yes No Lien Holder s Name/Servicer Lien Holder s Contact Number Balance Owed $ Loan Number Do you have a condominium or Homeowners Association (HOA) Fees? Yes No Are the condominium or HOA fees paid current? Yes No Monthly Amount $ Name and Address Paid To Other Property #1 (Please complete if you own another property in addition to the property in which you are requesting mortgage assistance.) Property Address Loan I.D. Number Servicer Name Mortgage Balance $ Current Value $ Current Gross Rent $ Monthly Mortgage Payment* $ Are there additional Liens/Mortgages or Judgments on this property? Yes No Lien Holder s Name/Servicer Lien Holder s Contact Number Balance Owed $ Loan Number Do you have a condominium or Homeowners Association (HOA) Fees? Yes No Are the condominium or HOA fees paid current? Yes No Monthly Amount $ Name and Address Paid To Other Property #2 (Please complete if you own a second additional property.) Property Address Loan I.D. Number Servicer Name Mortgage Balance $ Current Value $ Current Gross Rent $ Monthly Mortgage Payment* $ Are there additional Liens/Mortgages or Judgments on this property? Yes No Lien Holder s Name/Servicer Lien Holder s Contact Number Balance Owed $ Loan Number Do you have a condominium or Homeowners Association (HOA) Fees? Yes No Are the condominium or HOA fees paid current? Yes No Monthly Amount $ Name and Address Paid To NOTE: If you own more than two additional properties, please make a photo copy of this page and provide the details of each property by completing an Other Property section for each additional property owned. * The amount of the monthly payment made to your lender - including, if applicable, monthly principal, interest, real property taxes and insurance premiums. SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 3: Salaried and Hourly Income Worksheet If a borrower has more than one employer, please provide a copy of this worksheet for each employer. page 8 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Complete if you are a full-time, part-time, or temporary employee who receives salaried or hourly income or income in the form of tips, commission, bonus, or incentives. Borrower s Employment Information Co-Borrower s Employment Information Are you currently employed? Yes No Are you currently employed? Yes No Employer Name Employer Name Address Address City, State, ZIP City, State, ZIP Length of Time Employed: Years Months Length of Time Employed: Years Months Borrower s Monthly Income (Please provide amounts before taxes) Are you a salaried or hourly wage earner? Yes No Monthly Gross Wages $ Monthly Overtime Wages $ Monthly Tips $ Monthly Bonus or Commission $ Co-Borrower s Monthly Income (Please provide amounts before taxes) Are you a salaried or hourly wage earner? Yes No Monthly Gross Wages $ Monthly Overtime Wages $ Monthly Tips $ Monthly Bonus or Commission $ Total Monthly Wage Income $ Total Monthly Wage Income $ Acceptable Documentation to Supply Evidence of Salaried Income In order to submit a complete Application, the following documents must be submitted for each borrower and co-borrower with your Application. Note: Income documentation must be issued within the last 90 days. Any documents not issued within the last 90 days will not be accepted: Paystubs Must show one complete month of pay. If paid twice a month, submit two (2) consecutive most recent paystubs for each borrower. If paid weekly, submit four (4) consecutive most recent paystubs for each borrower. All paystubs must reflect at least part of the borrower s Social Security Number (e.g. last four digits) or another type of identification (e.g. employee ID, payroll number, etc.) All paystubs must have pay periods and year-to-date amounts listed on them. If you do not have paystubs that meet the above requirements or one of the following applies: 1) new position; 2) paid on a seasonal basis; 3) paid tips; 4) commissions; or 5) bonuses; then please provide a Verification of Employment from your employer. The written Verification of Employment must be: On company letterhead with the date written; Employee information including hire date, current position; Current gross pay, net pay, year-to-date gross and year-to-date net pay; Frequency of pay; and Employer representative name, title, and signature. Federal Tax Returns Must be the most recent signed and filed federal tax return. Must include all pages and schedules. If an extension has been filed for the past year s tax return, you must submit an active IRS Extension Form (expired extension forms are not acceptable) and a copy of the previous year s signed and filed tax return with all pages and schedules. Signed 4506T-EZ SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 3: Self-Employed Borrowers Income Worksheet If a borrower has more than one business (or source of 1099 income) please provide a copy of this worksheet for each business/source of income. page 9 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Complete if you own a business, work for yourself and do not receive a W-2, or receive a 1099 for income. Borrower s Self-Employment Information Are you self-employed/1099 employee? Yes No Business Name Address City, State, ZIP Co-Borrower s Self-Employment Information Are you self-employed/1099 employee? Yes No Business Name Address City, State, ZIP Length of Time of Business Ownership Years Months Length of Time of Business Ownership Years Months Type of Business Type of Business Borrower s Monthly Self-Employment Income Co-Borrower s Monthly Self-Employment Income Monthly Gross Income $ Monthly Gross Income $ Cost of Goods Sold $ Cost of Goods Sold $ Wages and Salary Expenses $ Wages and Salary Expenses $ Operating Expenses $ Operating Expenses $ Depreciation $ Depreciation $ Monthly Net Profit or Loss $ Monthly Net Profit or Loss $ Acceptable Documentation to Supply Evidence of Self-Employed Income In order to submit a complete Application, the following documents must be submitted for each borrower and co-borrower with your Application. Note: Income documentation must be issued within the last 90 days. Any documents not issued within the last 90 days will not be accepted: Profit and Loss Statement The name of the business must be on the Profit and Loss Statement. Must show most recent quarterly or year-to-date Profit and Loss. Must include all income and expenses (do not include personal expenses). Must be for at least three consecutive months. Business Bank Statements Must include all pages and provide evidence of revenue and expenses. IRS K-1 Form Must be for the most recent tax year available. Required for all Partnerships, S-Corps, and LLCs. Federal Tax Returns Must be the most recent signed and filed federal tax return. Must include all pages and schedules. Must include all 1099s. If an extension has been filed for the past year s tax return, you must submit an active IRS Extension Form (expired extension forms are not acceptable) and a copy of the previous year s signed and filed tax return with all pages and schedules. Signed 4506-T Download from the IRS website: http://www.irs.gov/pub/irs-pdf/f4506t.pdf SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 3: Other Income Sources Borrower Worksheet page 10 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Complete if you have other sources of income. Borrower s Other Sources of Income Received Type of Income Amount Social Security Yes No $ Pension, Annuities, or Yes No $ Retirement Alimony, Child Support, or Yes No $ Separation Maintenance Income** Rental Income Yes No $ Income from investments, Yes No $ interest, royalties or dividends Food Stamps or Welfare Yes No $ Unemployment Benefits*** Yes No $ Total Income* Yes No $ Borrower(s) Co-Borrower s Other Sources of Income Received Type of Income Amount Social Security Yes No $ Pension, Annuities, or Yes No $ Retirement Alimony, Child Support, or Yes No $ Separation Maintenance Income** Rental Income Yes No $ Income from investments, Yes No $ interest, royalties or dividends Food Stamps or Welfare Yes No $ Unemployment Benefits*** Yes No $ Total Income* Yes No $ * If the income received by a specific source is a sum of multiple distributions (such as two social security payments), please provide a letter of explanation detailing benefit type, payment amount and frequency of payment. ** You are not required to disclose child support, alimony, or separation maintenance income, unless you choose to have it considered as part of the Application process. *** Unemployment Benefits will not be used in the evaluation of your Application for consideration of a loan modification. Acceptable Documentation to Supply Evidence of Other Income In order to submit a complete Application, the following documents must be submitted, for each borrower and co-borrower, with your Application: Social Security, Disability or Death Benefits, Pension or Public Assistance Benefit Statement: Can include letters, exhibits, or a disability policy or benefit statement from the provider and must clearly list the amount and frequency of the benefits (weekly, bi-weekly, monthly or annually). Bank Statements: Include copies of two (2) most recent statements (all pages). Circle or highlight each benefit deposit amount. The remaining balance must be clearly listed at the end of the statement. Signed 4506T-EZ Alimony, Child Support or Separation Maintenance Income** Divorce Decree, Separation Agreement or other Legal Written Agreement: Must be filed in court, show the amount of the alimony or child support, and include the period of time over which the payment will be received. Bank Statements: Include copies of two (2) most recent statements (all pages). The remaining balance must be clearly listed at the end of the statement. Signed 4506T-EZ Rental Income Bank Statements: Include copies of two (2) most recent statements (all pages). Circle or highlight the rental income deposits. The remaining balance must be clearly listed at the end of the statement. Schedule E-Supplemental Income and Loss. If Schedule E is not available because the property was not previously rented you must submit: Signed Rental Agreement with rental amount, lease agreement, start date, and end date. Federal Tax Returns: Must be the most recent signed and filed federal tax return. Must include all pages and schedules Must include all 1099s If an extension has been filed for the past year s tax return, you must submit an active IRS Extension Form (expired extension forms are not acceptable) and a copy of the previous year s signed and filed tax return with all pages and schedules. Signed 4506T-EZ SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 4: Contributor Information Worksheet page 11 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Must be completed if you receive income from a salaried non-borrower, including your spouse, who is not on the original note, resides in the residence, and whose income is relied upon to pay the mortgage. Contributors Contributor s Name Amount of Monthly Contribution $ Contributor s Name Amount of Monthly Contribution $ If you have more than two contributors, please make photo copies of this page for additional contributors. Acceptable Documentation to Supply Evidence of Contribution Income Income received from contributors is subject to the same underwriting requirements as income received from borrowers on the loan. All contributors MUST submit full documentation of income received by type of wage earned. Please complete an income worksheet for all contributors by making a copy of the enclosed worksheets. In order to submit a complete Application, the following documents must be submitted, for each contributor, with your Application: Contribution letter: Each contributor must provide a signed and dated, written statement that clearly describes the amount of payment made to the borrower from the contributor, frequency of payments, statement confirming the contributor resides in the property. Credit Authorization Form: Each contributor must complete a Credit Authorization Form that provides CIT Bank, N.A., authorization to obtain a copy of the contributor s Credit Report. Please download a copy of this form at www.cit.com/residential-servicing. SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 4: Salaried and Hourly Income Contributor Worksheet If a contributor has more than one employer, please provide a copy of this worksheet for each employer. page 12 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Must be completed if you receive income from a salaried non-borrower, including your spouse, who is not on the original note, resides in the residence, and whose income is relied upon to pay the mortgage. Contributor s Employment Information Is the contributor currently employed? Yes No Employer Name Address City, State, ZIP Length of Time Employed: Years Months Contributor s Monthly Income Is the contributor a salaried or hourly wage earner? Yes No Monthly Gross Wages $ Monthly Overtime Wages $ Monthly Tips $ Monthly Bonus or Commission $ Total Monthly Wage Income $ Acceptable Documentation to Supply Evidence of Contributor Salaried Income In order to submit a complete Application, the following documents must be submitted for each contributor with your Application. Note: Income documentation must be issued within the last 90 days. Any documents not issued within the last 90 days will not be accepted: Income received from contributors is subject to the same underwriting requirements as income received from borrowers on the loan. All contributors MUST submit full documentation of income. Paystubs: Must show one complete month of pay. If paid twice a month, submit two (2) most recent paystubs for each contributor. If paid weekly, submit four (4) most recent paystubs for each contributor. All paystubs must reflect at least part of the contributor s Social Security Number (e.g. last four digits) or another type of identification (e.g. employee ID, payroll number, etc.) All paystubs must have pay periods and year-to-date amounts listed on them. If you do not have paystubs that meet the above requirements or one of the following applies: 1) new position; 2) paid on a seasonal basis; 3) paid tips; 4) commissions; or 5) bonuses; then please provide a Verification of Employment from your employer. The written Verification of Employment must be: On company letterhead with the date written; Employee information including hire date, current position; Current gross pay, net pay, year-to-date gross and year-to-date net pay; Frequency of pay; and Employer representative name, title, and signature. Federal Tax Returns: Must be the most recent signed and filed federal tax return. Must include all pages and schedules. Signed 4506T-EZ SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 4: Self-Employed Contributor Income Worksheet If a contributor has more than one business (or source of 1099 income) please provide a copy of this worksheet for each business/source of income. page 13 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Must be completed if you receive income from a salaried non-borrower, including your spouse, who is not on the original note, resides in the residence, and whose income is relied upon to pay the mortgage. Contributor s Self-Employment Information Is the contributor self-employed/1099 employee? Yes No Business Name Address City, State, ZIP Length of Time of Business Ownership: Years Months Type of Business Contributor s Monthly Self-Employment Income Gross Monthly Income $ Cost of Goods Sold $ Wages and Salary Expenses $ Operating Expenses $ Depreciation $ Acceptable Documentation to Supply Evidence of Contributor Self-Employed Income In order to submit a complete Application, the following documents must be submitted, for each contributor, with your Application: Income received from contributors is subject to the same underwriting requirements as income received from borrowers on the loan. All contributors MUST submit full documentation of income. Profit and Loss Statement: The name of the business must be on the Profit and Loss Statement. Must show quarterly or year-to-date Profit and Loss. Must include all income and expenses (do not include personal expenses). Must be for at least three consecutive months. Business Bank Statements: Must include all pages. IRS K-1 Form: Must be for the most recent tax year available. Required for all Partnerships, S-Corps, and LLCs. Federal Tax Returns: Must be the most recent signed and filed federal tax return. Must include all pages and schedules. Must include all 1099s. If an extension has been filed for the past year s tax return, you must submit an active IRS Extension Form (expired extension forms are not acceptable) and a copy of the previous year s signed and filed tax return with all pages and schedules. Signed 4506-T Download from: http://www.irs.gov/pub/irs-pdf/f4506t.pdf SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 4: Other Income Sources Contributor Income Worksheet page 14 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Complete if you have other sources of income. Please include income from non-borrower contributors, who are not on the original note, who reside in the residence, and whose income is relied upon to pay the mortgage. Contributor s Other Sources of Income Received Type of Income Amount Social Security Yes No $ Pension, Annuities, or Yes No $ Retirement Alimony, Child Support, or Yes No $ Separation Maintenance Income** Rental Income Yes No $ Income from investments, Yes No $ interest, royalties or dividends Food Stamps or Welfare Yes No $ Unemployment Benefits*** Yes No $ Contributor s Other Sources of Income Received Type of Income Amount Social Security Yes No $ Pension, Annuities, or Yes No $ Retirement Alimony, Child Support, or Yes No $ Separation Maintenance Income** Rental Income Yes No $ Income from investments, Yes No $ interest, royalties or dividends Food Stamps or Welfare Yes No $ Unemployment Benefits*** Yes No $ Total Income* Yes No $ Total Income* Yes No $ * If the income received by a specific source is a sum of multiple distributions (such as two social security payments), please provide a letter of explanation detailing benefit type, payment amount and frequency of payment. ** You are not required to disclose child support, alimony, or separation maintenance income, unless you choose to have it considered as part of the Application process. *** Unemployment Benefits will not be used in the evaluation of your Application for consideration of a loan modification. Acceptable Documentation to Supply Evidence of Other Income In order to submit a complete Application, the following documents must be submitted, for each contributor, with your Application: Social Security, Disability or Death Benefits, Pension or Public Assistance Benefit Statement: Can include letters, exhibits, or a disability policy or benefit statement from the provider and must clearly list the amount and frequency of the benefits (weekly, bi-weekly, monthly or annually). Bank Statements: Include copies of two (2) most recent statements (all pages). Circle or highlight each benefit deposit amount. The remaining balance must be clearly listed at the end of the statement. Signed 4506T-EZ Alimony, Child Support or Separation Maintenance Income** Divorce Decree, Separation Agreement or other Legal Written Agreement: Must be filed in court, show the amount of the alimony or child support, and include the period of time over which the payment will be received. Bank Statements: Include copies of two (2) most recent statements (all pages). The remaining balance must be clearly listed at the end of the statement. Signed 4506T-EZ Rental Income Bank Statements: Include copies of two (2) most recent statements (all pages). Circle or highlight the rental income deposits. The remaining balance must be clearly listed at the end of the statement. Schedule E - Supplemental Income and Loss. If Schedule E is not available because the property was not previously rented you must submit: Signed Rental Agreement with rental amount, lease agreement, start date, and end date. Federal Tax Returns: Must be the most recent signed and filed federal tax return. Must include all pages and schedules Must include all 1099s If an extension has been filed for the past year s tax return, you must submit an active IRS Extension Form (expired extension forms are not acceptable) and a copy of the previous year s signed and filed tax return with all pages and schedules. Signed 4506T-EZ SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 5: Household Expenses and Assets page 15 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Please include sums totaled from all borrowers and co-borrowers. Monthly Household Expenses Expenses Amount First Mortgage Principal & Interest Payment $ Second Mortgage Principal & Interest Payment Rent Paid (Primary Residence) Homeowner s Insurance Property Taxes (Primary Residence) Water/Sewer/Utilities/Phone(Primary Residence) HOA/Condo Fees (Primary Residence) Property Maintenance (Primary Residence) Credit Card/Installment Loans (minimum payment for all per month) Medical (Co-pays and Rx) Child Care Child Support/Alimony Food and Entertainment Auto Loans Other Mortgage/Lien Payments (2nd home, non-owner occupied/rental properties) Insurance (2nd home, non-owner occupied/rental properties) Property Taxes (2nd home, non-owner occupied/rental properties) Water/Sewer/Utilities/Phone (2nd home, non-owner occupied/rental properties) HOA/Condo Fees (2nd home, non-owner occupied/rental properties) Property Maintenance (2nd home, nonowner occupied/rental properties) Other Total Expenses Household Assets Type of Assets Amount Checking Accounts $ Savings/Money Market CDs Stocks/Bonds IRA/Keogh 401K/ESPO Other Cash on Hand Other Real Estate Auto (include cars, motorcycles, trucks, etc.) Life Insurance (whole life, not term) Other Total Assets SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 6: Rental Property Certification page 16 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) You must complete this certification only if you are requesting a mortgage assistance with respect to a rental property. Rental Property Certification By checking this box and initialing below, I am requesting a mortgage assistance under HAMP and/or alternative Foreclosure Prevention Alternative Program with respect to the rental property described in the section Property Information for Which Assistance is Requested and I hereby certify under penalty of perjury that each of the following statements is true and correct with respect to that property: 1. I intend to rent the property to a tenant or tenants for at least five years following the effective date of my mortgage modification. I understand that CIT Bank, N.A., the U.S. Department of the Treasury or their respective agents may ask me to provide evidence of my intention to rent the property during such time. I further understand that such evidence must show that I used reasonable efforts to rent the property to a tenant or tenants on a year-round basis, if the property is or becomes vacant during such five-year period. Note: The term reasonable efforts includes, without limitation, advertising the property for rent in local newspapers, websites or other commonly used forms of written or electronic media, and/or engaging a real estate or other professional to assist in renting the property in either case, at or below market rent. 2. The property is not my secondary residence and I do not intend to use the property as a secondary residence for at least five years following the effective date of my mortgage modification. I understand that if I do use the property as a secondary residence during such five-year period, my use of the property may be considered to be inconsistent with the certifications I have made herein. Note: The term secondary residence includes, without limitation, second home, vacation home or other type of residence that I personally use or occupy on a part-time, seasonal or other basis. 3. I do not own more than five (5) single-family homes (i.e. one-to-four unit properties) (exclusive of my principal residence). Notwithstanding the foregoing certifications, I may at any time sell the property, occupy it as my principal residence, or permit my legal dependent, parent or grandparent to occupy it as their principal residence with no rent charged or collected, none of which will be considered to be inconsistent with the certifications made herein. This certification is effective on the earlier of the date listed below or the date the Application is received by your servicer. Initials Borrower Co-Borrower Date SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 6: Hardship Affidavit and Hardship Explanation Worksheet page 17 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) I (We) am/are requesting review under the HAMP and alternative Foreclosure Prevention Alternative Programs. I am having difficulty making my monthly payment because of financial difficulties created by (check all that apply): My household income has been reduced. For example: reduced pay or hours, decline in business or self employment earnings My expenses have increased. For example: monthly mortgage payment reset, high medical or health care costs, uninsured losses, increased utilities or property taxes. I am unemployed and (a) I am receiving/will receive unemployment benefits or (b) my unemployment benefits ended less than 6 months ago. (Required to send in unemployment benefits statements if checked.) My monthly debt payments are excessive and I am overextended with my creditors. Debt includes credit cards, home equity or other debt My cash reserves, including all liquid assets, are insufficient to maintain my current mortgage payment and cover basic living expenses at the same time. My household income has been reduced due to death, disability or divorce of a borrower or co-borrower (Required to send in death certificate or court ordered divorce decree if checked.) Explanation REQUIRED. (Please continue on a separate page if necessary): Borrower Signature Date Co-Borrower Signature Date SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 6: Dodd-Frank Certification and Acknowledgement and Agreement page 18 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Dodd-Frank Certification The following information is requested by the federal government in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203). You are required to furnish this information. The law provides that no person shall be eligible to begin receiving assistance from the Making Home Affordable Program, authorized under the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5201 et seq.), or any other mortgage assistance program authorized or funded by that Act, if such person, in connection with a mortgage or real estate transaction, has been convicted, within the last 10 years, of any one of the following: (A) felony larceny, theft, fraud, or forgery, (B) money laundering or (C) tax evasion. I/we certify under penalty of perjury that I/we have not been convicted within the last 10 years of any one of the following in connection with a mortgage or real estate transaction: (a) felony larceny, theft, fraud, or forgery, (b) money laundering or (c) tax evasion. I/we understand that the servicer, the U.S. Department of the Treasury, or their respective agents may investigate the accuracy of my statements by performing routine background checks, including automated searches of federal, state and county databases, to confirm that I/we have not been convicted of such crimes. I/we also understand that knowingly submitting false information may violate Federal law. This certification is effective on the earlier of the date listed below or the date this Application is received by CIT Bank, N.A. Acknowledgement and Agreement In making this Application, I certify under penalty of perjury: 1. That all of the information in this Application is truthful and the event(s) identified on the Hardship Affidavit (page 17) is/are the reason that I need to request a modification under HAMP and/or other CIT Bank, N.A. Mortgage Servicing Foreclosure Prevention Alternative Programs. 2. I understand and acknowledge that CIT Bank, N.A. the U.S. Department of the Treasury, the owner or guarantor of my mortgage loan, or their respective agents may investigate the accuracy of my statements, may require me to provide additional supporting documentation and that knowingly submitting false information may violate Federal and other applicable law. 3. I authorize and give permission to CIT Bank, N.A. the U.S. Department of the Treasury, and their respective agents, to assemble and use a current consumer report on all borrowers obligated on the loan, to investigate each borrower s eligibility for HAMP and/or other CIT Bank, N.A. Foreclosure Prevention Alternative Programs, and the accuracy of my statements and any documentation that I provide in connection with my Application. I understand that these consumer reports may include without limitation, a credit report, and be assembled and used at any point during the Application process to assess each borrower s eligibility thereafter. 4. I understand that if I have intentionally defaulted on my existing mortgage, engaged in fraud or if it is determined that any of my statements or any information contained in the documentation that I provide are materially false and that I was ineligible for assistance under HAMP or any other CIT Bank, N.A. Foreclosure Prevention Alternative Program, then CIT Bank, N.A. the U.S. Department of the Treasury, or their respective agents may terminate my participation in HAMP or such other program, including any right to future benefits and incentives that otherwise would have been available under the program, and also may seek other remedies available at law and in equity, such as recouping any benefits or incentives previously received. 5. I certify that any property for which I am requesting assistance is a habitable residential property that is not subject to a condemnation notice. 6. I certify that I am willing to provide all requested documents and to respond to all CIT Bank, N.A. communications i n a timely manner. I understand that time is of the essence. 7. I understand that CIT Bank, N.A. will use the information I provide to evaluate my eligibility for a HAMP modification and/or other CIT Bank, N.A Foreclosure Prevention Alternative Programs, but CIT Bank, N.A. is not obligated to offer me assistance based solely on the representations in this document of other documentation submitted in connection with my request. 8. I am willing to commit to credit counseling if it is determined that my financial hardship is related to excessive debt. 9. If I am eligible for assistance under the HAMP and/or another CIT Bank, N.A. Foreclosure Prevention Alternative Program, and I accept and agree to all terms of such program description, notice, plan, or agreement, I also agree that the terms of this Acknowledgment and Agreement are incorporated into such program, notice, plan, or agreement by reference as if set forth therein in full. My first timely payment, if required, following CIT Bank, N.A. s determination and notification of my eligibility or prequalification for HAMP and/or another CIT Bank, N.A. Foreclosure Prevention Alternative Program will serve as my acceptance of the terms set forth in the program description, notice, plan, or agreement sent to me. 10. I understand that CIT Bank, N.A. will collect and record personal information that I submit in this Application and during the evaluation process, including, but not limited to, my name, address, telephone number, social security number, credit score, income, payment history, government monitoring information, and information about my account balances and activity. I understand and consent to CIT Bank, N.A. disclosure of my personal information and the terms of any HAMP or other CIT Bank, N.A. Foreclosure Prevention Alternative Program program description, notice, plan or agreement to the U.S. Department of the Treasury and its agents, Fannie Mae, and Freddie Mac in connection with their responsibilities under HAMP, companies that perform support services in conjunction with HAMP and/or other such CIT Bank, N.A. Foreclosure Prevention Alternative Programs, any investor, insurer, guarantor, or servicer that owns, insures, guarantees, or services my first lien or subordinate lien (if applicable) mortgage loan(s) and to any HUD-certified housing counselor. 11. I consent to being contacted concerning this Application at any e-mail address or cellular or mobile telephone number I have provided to CIT Bank, N.A. or that CIT Bank, N.A. otherwise obtains. This includes text messages and telephone calls to my cellular or mobile telephone.. Social Security Number Date of Birth (mm/dd/yyyy) Date (mm/dd/yyyy) / / / / Social Security Number Date of Birth (mm/dd/yyyy) Date (mm/dd/yyyy) / / / / Borrower Signature Co-Borrower Signature SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 6: Information for Government Monitoring Purposes page 19 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing Loan Number Borrower(s) Information for Government Monitoring Purposes The following information is requested by the federal government in order to monitor compliance with federal statutes that prohibit discrimination in housing. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender or servicer may not discriminate either on the basis of this information, or on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race. For race, you may check more than one designation. If you do not furnish ethnicity, race, or sex, the lender or servicer is required to note the information on the basis of visual observation or surname if you have made this request for a loan modification in person. Please complete the below required information for all borrowers on the loan. If there is more than one co-borrower, please submit a photo copy of this page with the additional co-borrower information included. If any borrower or co-borrower does not wish to furnish this information, please check the appropriate box to notate this. Borrower I do not wish to furnish this information. Co-Borrower I do not wish to furnish this information. Ethnicity Hispanic or Latino Not Hispanic or Latino Ethnicity Hispanic or Latino Not Hispanic or Latino Race American Indian or Alaskan Native Asian Black or African American Native Hawaiian or other Pacific Islander White Race American Indian or Alaskan Native Asian Black or African American Native Hawaiian or other Pacific Islander White Sex Female Male Sex Female Male To be completed by interviewer. This Application was taken by Face-to-face interview Mail Telephone Internet Interviewer s Name & ID Number Interviewer s Signature Interviewer s Phone Number Date Name/Address of Interviewer s Employer SVC_RMA_004_04012016
Request for Mortgage Assistance (RMA) Step 6: Important Notices page 20 Questions? Call us at 1.800.781.7399 Monday Friday, 8 a.m. 10 p.m. EST www.cit.com/residential-servicing If you have questions about this document or HAMP, please call CIT Bank, N.A., at 1.800.781.7399. If you have questions about the program that CIT Bank, N.A., cannot answer or you need further counseling, you can call the Homeowner s HOPE Hotline at 1-888-995-HOPE (4673). The Hotline can help with questions about the HAMP program and offers free HUD-certified counseling services in English and Spanish. 1.888.995.HOPE (Homeowner s Hope Hotline) NOTICE TO BORROWERS Be advised that by signing this Application you understand that any documents and information you submit to CIT Bank, N.A., under penalty of perjury. Any misstatement of material fact made in the completion of this Application including, but not limited to, misstatement regarding your occupancy in your home, hardship circumstances and/or income, expenses or assets will subject you to potential criminal investigation and prosecution for the following crimes: perjury, false statements, mail fraud and wire fraud. The information contained in these documents is subject to examination and verification. Any potential misrepresentation will be referred to the appropriate law enforcement authority for investigation and prosecution. By signing this document you certify, represent and agree that: Under penalty of perjury, all documents and information I have provided to CIT Bank. N.A., including the Application and any additional documents and information regarding my eligibility for a modification or other assistance, are true and correct. Notice of Error & Requests for Information Federal law gives you the right to notify us of an error regarding the servicing of your loan or to request information regarding your loan. If you wish to provide a notice of error or a request for information, you must write to us at CIT Bank N.A., CITB-99, 2900 Esperanza Crossing, Austin, TX 78758. Your letter must provide your name, loan number and description of the error or detailed list of the information being requested. More information about the error resolution and information request process can be found by visiting our website at www.cit.com/residential-servicing. Beware of Foreclosure Rescue Scams, Help is free! There is never a fee to get assistance or information about foreclosure prevention programs from your lender or a HUD-approved housing counselor. Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or modification of a delinquent loan. Beware of anyone who says they can save your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless your mortgage company approves. Never make your mortgage payments to anyone other than your mortgage company without their approval. Housing Counselor Services For help exploring your options, the Federal government provides contact information for housing counselors, which you can access by contacting the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/mortgagehelp/ or the Department of Housing and Urban Development (HUD) at http://www.hud.gov/offices/hsg/sfh/hcc/fc/ or by calling the HUD Housing Counselor Directory at 1.800.569.4287 to access a telephone directory of HUD Housing Counselors. SVC_RMA_004_04012016