Emerging Banker/Non-Delegated Correspondent Submission Form – Freddie Mae Home Possible

Email submissions to:

Emerging Banker/Non-Delegated Contact Correspondent Information
Lender Processor Name: / Email: / Phone:
Submission Type: / Emerging Banker / Mon-Delegated Correspondent
Credit Credentials (Credit Vendor Name):
Credit Login: / Credit Password:
Borrower Information
Borrower Name: / LowestMiddle FICO:
Borrower Name: / Primary Borrower Email*:
Required for appraisal delivery
Property Address: / Co-Borrower Email:
City: / State: / Zip:
Type: SFR Multi Units # Condo High rise condo Site Condo PUD ( Attached Detached)
Modular Manufactured
Transaction Information
Home Possible Home Possible Advantage
Purchase* Rate/Term* Construction-to-Perm(permanent financing only)
*97% LTV (Home Possible Advantage only)
Occupancy: / Owner-occupied / Term: / Impounds: / Yes No
Loan Amount: / $ / Reminder: Conforming loan amounts only / Appraised Value: / $
Second Lien: / $ / Sales Price: / $ / LTV: / % / CLTV: / %
Mortgage Insurance: / Yes If yes, MI type: BPMI: Single Monthly % of coverage Refundable Non-Refundable
No LPMI Single premium only % of coverage (Refundable eligible BPMI single premium only)
DTI: / % / Amortization: Fixed Rate (10, 15, 20, 25, 30 year terms available)
Fees
Underwriting Fee:
Funding Fee (CA only):
Flood Cert.:
Tax Service Fee:
Commitment Fee Buyout Option / $995
$100
$10
$83 / Texas Attorney Fees
Purchase: $150
Rate & Term Refi: $150
Documentation Requirements
Incomplete Submission Packages will Delay Submission to Underwriting
Required:
HomeBridge Emerging Banker/NDC Submission Form
1008
1003 w/ NMLS ID signed by Emerging Banker/NDC: Loans submitted on and after 1/1/18 must include the Demographic Information Addendum
Credit report (must be < 90 days old)
Signed Borrower Credit Authorization required only if 1003 provided is not signed by borrower(s)
Paystubs (30 days earnings and YTD)
W-2s per AUS
Tax Returns/ all Schedules per AUS
Purchase Contract w/ Addendums (if applicable)
Bank Statements (if purchase)
LPA Findings (“Accept” required)
3.2 file required if submitted outside of HomeBridge broker portal
Completed/Signed 4506-T* with attestation box checked (not required for a non-borrower household member)
Service Provider List
Affiliated Service Provider Fee Certification (if applicable)
Loan Estimate (signed if the LE includes a signature line; if nosignature line, signed not required)
Recommended but not required (to avoid closing delays):
State Specific Disclosures
Freddie Mac Exhibit 20 Homeownership Education Certification or Certificate of Completion from CreditSmart ( required first time homebuyer purchase)
Certificate of Completion of landlord education if 2-4 unit purchase
NOTE: Manufactured housing recommended not required: Refer to the Manufactured Housing: Required Documentation topic in the Freddie Mac guidelines for a list of documentation.

* If business income used to qualify, completed/signed 4506-T for business required.

Community Property States:Arizona,California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin

12/27/17