Transcription of Correspondent Seller Guide
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Correspondent Seller Guide
PlanetHomeLending,LLCS ellerGuideSELLERGUIDE 2022 PlanetHomeLending, ( Guide )andallinformationcontainedhereinisthepr opertyofPlanetHomeLending, ,loanterms, ,released,orreproducedinanyform,byphotoc opy,scanning,oranyothermeansorincorporat edintoanypublicationorinformationretriev alsystem,electronicormanual,withouttheex presswrittenpermissionofPlanetHomeLendin g, ,technicalinaccuracies, Home Lending, LLCP roprietary and ConfidentialPage iCopyright NoticeCopyright 2022 Planet Home Lending NMLS ID# 17022. All rights DateMarch 03, 2022 CorrespondentSellerGuidePlanetHomeLendin g,LLCP roprietaryandConfidentialPageiiContentsI ntroduction1 PlanetHomeLendingFundingWebsite1 UseoftheSellerGuide2 UpdatestotheSellerGuide2 DoingBusinesswithPlanetHomeLending2 Directory3 Chapter1:SellerEligibility5 CorrespondentApprovalOverview5 Eligibility5 Financial5 NetWorth6 Experience6 FairLending6 Errors&Omissions/FidelityBond6 Litigation7 Delegation7 Non-Delegation7 FHAS ponsoredThird-PartyOriginator(TPO)7 ,LLCP roprietaryandConfidentialPageiiiFannieMa eDesktopOriginatorSponsorship8 LoansinPuertoRico9 GovernmentLoans9 FHAA pprovalRequest10 VAApprovalRequest10 USDAA pprovalRequest10 ApplicationProcess11 Approvals13 SellerApproval13 SpecialApprovals13 OngoingRequirements13 AnnualRecertification(SellerAnnualRenewa l)14 MaintainingEligibilityandAuthorities15 Termination16 TerminationwithCause16 TerminationwithoutCaus
CorrespondentSellerGuide PlanetHomeLending,LLC ProprietaryandConfidential Pageix AvailableMarkets 117 BorrowerBenefits 117 BorrowersEligibility 117
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