Required Disclosure List for Loan Transactions

Required Disclosure List For Loan Transactions

1)  Upon taking a completed loan application but before pulling credit, the following must be signed and returned to you by potential borrower:

·  Excel Mortgage Services credit card authorization (On Company Website)

·  Borrower Signature Authorization – (Borrower & Co-Borrower)

·  Borrower’s Certification & Authorization

2)  Once you have turned in a complete loan application (1003), submission form and supporting documents, your processor will then provide all documents, booklets, and Excel Mortgage Services Required Disclosures to your potential borrower(s) within 3 business days.

·  Tax Return Request - 4506-T (2 pages)

·  Social Security Authorization (Form SSA-89)

·  Loan Estimate LE

·  Service Providers List

·  Transmittal Summary (1008)

·  Send the Special Information Booklet to client (For purchase transaction only)

·  Send the Charm Booklet to client (For ARM loans only)

·  Appraisal/Valuation Acknowledgement

·  Affiliated Business Arrangement Disclosure

·  Anti-Steering Disclosure (needed for wholesale loans only)

·  Credit Score Information Disclosures (2 pages)

·  Excel E-sign consent form (On Company Website)

·  Disclosure Notices

·  Excel Toolkit acknowledgement (For Purchase transaction only, On company Website)

·  Excel Early Payoff and Early Default Penalty Form (On Company Website)

·  Equal Credit Opportunity Act Disclosure

·  Home Counseling – with all agencies listed

·  Intent to Proceed with Application

·  Mortgage Loan Origination Agreement

·  Patriot Act – Information

·  Patriot Act – Borrower & Co-Borrower Identification

·  Privacy Policy Disclosures (2 pages)

·  Right to Receive Appraisal- Disclosure

·  Servicing Disclosure Statement

·  CA Fair Lending Notice Disclosure

·  CA Real Estate Agency Disclosure

·  CA MLDS 883 (2 pages)

3)  If this is an FHA or VA transaction, these additional disclosures must also be provided:

·  FHA Amendatory Clause/Real Estate Certification (signed by ALL parties)

·  FHA Borrower’s Blanket Signature Authorization

·  FHA Consumer Choice Disclosure Notice

·  FHA Energy Efficient Mortgage Fact Sheet

·  FHA Notice to Homebuyers (2 pages)

·  FHA/VA Addendum “92900A” (4 pages)

·  VA Amendatory/Escape Clause (For Purchase transaction only)