Loan Product Advisor Training Resources
Learn more about how you can automate a manual process to more efficiently assess borrower assets and get the borrower qualified faster.
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Uniform Residential Appraisal Report File
sf.freddiemac.comUniform Residential Appraisal Report File # Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Form 1004 March 2005 The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
Construction Conversion and Renovaation ... - Freddie Mac
sf.freddiemac.comSeptember 2021 Freddie Mac Learning Page 2 Construction Conversion and Renovation Mortgages Eligibility Property Types (Guide Section 4602.7) • 1- to 4-unit newly built or constructed site-built home (single-family attached/detached) • 1-unit manufactured home (MH are not eligible for the Renovation Mortgage) Note: Manufactured homes must be newly purchased …
Income Calculations - Freddie Mac
sf.freddiemac.comFreddie Mac Single‐Family Seller/Servicer Guide Bulletin 2019‐9 05/01/19 W P F91 ‐ 1 Form 91
Determining Condominium Project and Mortgage Eligibility
sf.freddiemac.comDetermining Condominium Project and Mortgage Eligibility AS EASY AS 1-2-3 1STEP 2 STEP 3 STEP Make sure you comply with our condominium project review and general condominium project eligibility requirements in Single-Family Seller Servicer Guide (Section 5701.2). A Condominium Project and Condominium Unit Mortgage must comply with our ...
Using Merged Credit Options in Loan Product Advisor
sf.freddiemac.commultiple Technical Affiliates who are available through SharperLending, consider contacting SharperLending to discuss their Wholesale Lender’s Program, which provides an efficient set up for access to reissues. Merged Credit Report Options The merged credit report options available through Loan Product Advisor include:
Understanding Custodial Accounts Reference Guide - Freddie …
sf.freddiemac.comto Freddie Mac, or held on behalf of Freddie Mac-owned mortgages, are deposited. You must maintain principal and interest payments and escrow funds in separate custodial accounts until you remit them to a third party or us. There are various types of custodial accounts: Principal and interest custodial accounts
Freddie Mac Flex Modification Reference Guide
sf.freddiemac.comBorrowers who, within 12 months of the evaluation date, failed a Flex Modification Trial Period Plan and the terms of the Trial Period Plan were determined in accordance with Guide Section 9206.10(a) Mortgages subject to an approved short sale or deed-in-lieu transaction
Plan, Freddie, Flex, Modification, Freddie mac flex modification, Flex modification
SOFR ARMs Fact Sheet - Freddie Mac
sf.freddiemac.com2 ingle-Family eller/ervicer Guide 22 F 22 General Requirements • 3/6-month, 5/6-month, 7/6-month and 10/6-month SOFR-indexed ARMs. • For all SOFR-indexed ARMs, the margin must be equal to or greater than 100 basis points and less than or equal to 300 basis points. Transaction Type Credit Fees In Price Down Payment or Closing Cost
Home Possible Mortgage - Freddie Mac
sf.freddiemac.comMortgage Products 3 • A borrower’s credit reputation is acceptable if the Home Possible mortgage receives a risk class of Accept. • Borrowers without credit scores may be underwritten for up to 95% LTV. • A Home Possible mortgage that is a super conforming mortgage must receive a risk class of Accept. • A Home Possible mortgage secured by a manufactured …
Single-Family Seller/Servicer Guide PDF - Freddie Mac
sf.freddiemac.comGuide (see below for how to access the current official electronic version of the Guide, which includes the Guide forms, exhibits, Glossary and Directory). ... determining the adequacy of the property securing the Mortgage. Methods of underwriting Borrower eligibility Credit assessment
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Condo & PUD Matrix Reference Sheet Classification & Type ...
iapprovelending.comPage 1 of 6 2/21/2013 Condo & PUD Matrix Reference Sheet Classification & Type (Must be Complete on 1008) DEFINITION PRE-SALE/OCCUPANCY DOCUMENTATION & REQUIREMENTS
Billing Frequently Asked Questions
www.triwest.comA: VA requires medical documentation to support claims, so TriWest encourages providers to submit all required medical documentation to the VAMC as soon as possible, but no later than 30 days from
Specialty Program Matrix - vhda.com
www.vhda.comSpecialty Program Matrix . April 2019 Page . 1. of . 2. MCC . 4. DPA Grant CCA Grant Plus Second Mortgage (Originated with VHDA loan ) First-Time Homebuyer
WSHFC Government Loan Programs V19.1
wshfc.orgHFA –V19.1 4/25/19 1 WSHFC Home Advantage Government Loan Programs Red indicates changes from previous matrix Overlays to Investor guidelines are underlined and in italics
Programs, Government, Home, Loan, Advantage, Matrix, Home advantage government loan programs
USDA Matrix - fsbtpo.com
www.fsbtpo.comAny brokered loans that have a compensation plan of 2.75% must use the “Underwriting Fee Buy Out Waiver” available on the rate sheets to cover FSB’s underwriting fee of
MEMO #201630 CMG FINANCIAL CREDIT POLICY AND …
docs.cmgfi.comMEMO #201630 TO: Wholesale Broker & Select Partner Clients RE: CMG Credit Policy and Guideline Updates DATE: July 26, 2016 EFFECTIVE: As noted below
VA IRRRLS (STANDARD and HIGH BALANCE PROGRAM)
www.carringtoncorrespondent.comproduct guidelines va irrrls (standard and high balance program) program codes: v30firrrl, h30fvirrrl, v15firrrl, h15fvirrrl, v20firrrl, v25firrrl, h20fvirrrl, h25fvirrrl
Retail Resource Center source Center - eprmg.net
www.eprmg.net05/21/2019 Page 1 of 13 Retail Resource Center Instructions: To find a specific form, press Ctrl+F (or use “Find” from the Edit Menu) and then search for the information or topic you are looking for. If you don’t find the topic the first time,