VA Standard Complete Loan Checklist - eprmg.net

1 Wholesale VA Standard Submission Checklist Revised 07/13/20 PRMG requires all loan (s) and documentation below to be submitted through the TPO Portal within one business day of Broker receiving the application (6 pieces of TRID data) from the applicant. The following are minimum requirements to issue loan disclosures: PRMG DISCLOSED LE: Submission Requirements Disclosures must be sent within 3 general business days of broker receiving the application 1) TPO Submission Form in TPO Portal locate in loan Actions, Complete and submit form 2) Submit loan in TPO Portal locate in loan Actions and submit loan 3) Certificate of Eligibility (needed if charging less than max Funding Fee) Note: Title Fee Quote is Not Required this is no longer required and will not be reviewed.

2 Broker to input own title fees or utilize the Title Fee quote auto generated. BROKER DISCLOSED LE: Submission Requirements Disclosures must all be within 3 general business days of broker receiving the application. TPO Submission Form in TPO Portal locate in loan actions, Complete and submit form Submit loan in TPO Portal locate in loan actions and submit loan Initial 1003 Initial loan Estimate (LE) Borrower s Intent to Proceed Settlement Service Provider List (SSPL) issued with initial LE Homeownership Counseling Disclosure and List of Counselors Borrower Certification and Authorization Form VA Guaranteed Home loan Cash-Out Comparison Certification VA IRRRL Rate Reduction Cert (Initial loan Comparison) The following are minimum requirements to submit loan to UW team.

3 Credit Report Tri-Merge AUS order DU, LPA or DO import on TPO Portal Income Documentation (each income earner) Purchase Contract (if applicable) Below are additional items the Underwriter may require: Additional Income Documentation as applicable: o Paycheck stubs for most recent 30-day period with year to date income o W2s/1099s per AUS (two years) for all employers o VOE with breakdown of OT/bonus/commission income if using for qualifying o 1040s and business tax returns per AUS (most recent two years) Assets: Per AUS (one-month statement) Gift Letter with Donor s ability to give-include evidence of withdrawal from donor, transfer & deposit into borrower(s) account, if applicable change to.

4 Gift Letter and include evidence of transfer and deposit into borrower s account Initial Deposit Receipt & Copy of Earnest Deposit Check, if applicable Credit report for non-borrowing spouse PITIA documentation for all properties listed on REO section of 1003 Certificate of Eligibility Request for Eligibility Form 26-1880, if applicable DD-214 Discharge, if applicable Child Care Letter (children under age of 13) Government issued photo ID and proof of social security number (income docs acceptable) Copy of Hazard Insurance Policy Power of Attorney if applicable and must meet compliance requirements Preliminary Title Report to include 24-month chain of title, wiring instructions and plat map Escrow Instructions Appraisal Anti-Steering (Lender paid broker compensation)