"Thanks again for your help in the refinancing of our home. You make it so hassle free in very little time. Best wishes and continued prosperity in all that you do."
-John and Jeannette Kahn

Whole Loan Procedure

SUBMISSION PROCEDURE & STACKING ORDER FOR CONDUIT SUBMISSIONS

  • Submit spreadsheet or bid tape for bid offer
  • Loan submitting in Stacking Order with appraisal PDF
  • Loan reviewed in 72 hours Disposition returned: – Approved, – Suspended with Conditions, – Declined
  • Final bid submitted for acceptance
  • Loan funded upon receipt of collateral and supporting transfer docs/info

STACKING ORDER

Please breakdown your submission as follows and include FNMA 3.2:

    Credit Side:
  • AUS Findings
  • Transmittal Summary
  • 1003; final and initial
  • Credit; all supporting certs, supplement, docs
  • Income
  • Assets
  • Contract
  • Appraisal; supporting reviews, HVCC cert
  • Insurance, HOA, condo quest
  • Initial Disclosures, Change of Circ proofs
    Legal Side:
  • HUD 1
  • Final GFE, TIL, Itemization
  • Note and supporting Riders
  • Mortgage and supporting Riders
  • Closing instructions
  • Marked up title and ALTA policy
  • ID
  • Allonge, 1st payment letter, goodbye letter, payment hist. & proofs
  • Supporting Closing documents and disclosures