Index [www.mycfcu.com]

1 Index 1. Home Equity Products Fact Sheets All Purpose Fixed Rate Home Equity Revolving Home Equity Line of Credit Equity Enhancement Fixed Rate Home Equity 2. Processing and Checklist Information Mortgage Rule of 2014. TILA-RESPA Integrated Disclosures of 2015. Stacking Order using Tabs Home Equity Loan Checklist Home Equity Line of Credit Checklist Underwriting Guidelines Fee Processing 3. Assessments and Appraisals Online Assessments; Image Mate (Tompkins and Cortland Co; Real Info (All other counties). Assessed Value to Figure Loan to Value Appraisal Order Form 4. Flood Certifications CBC Innovis website Properties Located in a Flood Zone information Sample of Flood Certification 5.)

2 Abstract of Title Searches Important Home Equity Loan Information Abstract Companies; Precision Abstract, Cortland Abstract, Stewart Title Precision Abstract Order Form Procedure to pay Precision Abstract Cortland Abstract Order Form Stewart Title Order Form Schedule A Request Form 6. County Clerk Recording Fees 7. Preliminary Documents for Fixed Rate Home Equity Important Processing Timeline Information Home Equity Application Data Collection Form (only required on HMDA reportable loans). Fee Disclosure - stating three (3) year recapture agreement Commitment Letter Oil, Gas and/or Mineral Lease Disclosure Certification and Authorization Form FACT ACT Notice to Home Loan Applicant FACT ACT Notice to Home Loan for Additional Borrower Homeownership Counseling Form Loan Estimate Home Equity Loan Estimate Refinance 8.

3 Closing Documents for Fixed Rate Home Equity Closing Disclosure Note Mortgage 10 pg. Short Form Mortgage for Cortland County Short Form Mortgage for Tompkins County 253 Affidavit CUNA Credit Insurance Notice of Right to Cancel Fee Disclosure (final). Oil, Gas and/or Mineral Lease Closing Statement (if applicable). Loan Payment Election Form Important Information Regarding Your Home Loan Payment (adding payment protection). 9. Preliminary Documents for Home Equity Line of Credit Application RESPA Disclosure Fee Disclosure stating three (3) year recapture agreement Commitment Letter HELOC.

4 Oil, Gas and /or Mineral Lease Disclosure Certificate and Authorization FACT ACT Notice to Home Loan Applicant FACT ACT Notice for Additional Borrower Right to Receive Copy of Appraisal Multi-State Home Equity Early disclosure HELOC Brochure Important Step in Lending Navigator 10. Closing Documents for Home Equity Line of Credit HELOC Open End Credit Agreement Multi-State Home Equity Addendum CUNA Credit Insurance Notice of Right to Cancel Fee Disclosure (final). Checks Receipt Form Loan Payment Election Form Setting up HELOC minimum monthly payment HELOC Mortgage 10 pg. Oil, Gas and /or Mineral Lease Closing Statement (if applicable).

5 253 Affidavit HELOC Close Letter 11. How to Issue and Print HELOC Checks Setting Up HELOC # 5400 > account # > suffix 12. Escrow -When is it required Initial Escrow Account Disclosure Completing the Escrow Account Disclosure Adding Escrow Expenditures in Lending Navigator 13. Home Mortgage Disclosure Act (HMDA). The How-To' of HMDA forms Geocoding Screen FFIEC Rate Spread Calculator Form HOEPA Mortgage Worksheet SECTION. 1. Home Equity Products All Purpose no closing cost fixed rate Home Equity Types: NCHE5, NCHE10, NCHE, HENCC. Terms: 60 months, 120 months, 180 months, 240 months Limits: minimum $5,000 maximum $175,000.

6 Counties we will do an equity loan: Broome, Cayuga, Chenango, Chemung, Cortland, Livingston, Madison, Monroe, Onondaga, Ontario, Schuyler, Seneca, Steuben, Tioga, Tompkins, Wayne and Yates. Qualifying Guidelines: Home must have central heating, working septic and sewer system, drilled well or municipal services. Mobile homes must be on permanent foundation ( concrete piers below the frost line) and the value of the land cannot exceed the value of the mobile home. Mobile Homes must be manufactured after 1995. A UCC. form is to be completed for mobile homes, stating the manufacturer name, make, model, length and width of home.

7 The fee for UCC is $160. ($80 to place lien and $80 to remove once loan is satisfied). Loan To Value and rate will be determined by the credit score of the borrower(s). The interest rate is set at the time of closing. Must meet the mortgage rule; Ability to Repay The debt to income ratio cannot exceed 43% to be considered a Qualified Mortgage. If the dti is over 43%, the loan request must be review by an Executive lender. Safe Harbor; This is a Qualified Mortgage (DTI 43% or less) and our quoted rate is not more than of the Average Prime Offered Rate (APOR) for 1st lien or more than on second lien.

8 Rebuttable Presumption: This is a Qualified Mortgage, but higher-priced as our APR exceeds the APOR. If the Home Equity is approved, an Appraisal and Escrow will be required. For higher priced loans, we must provide a disclosure, Homeownership Counseling Agencies, to the applicant(s) that provides the following website where they can locate a credit counselor. Revolving no closing cost variable rate Home Equity Line of Credit (HELOC). Types: 90, 91, 92, etc. Terms: 15/15 year; Draw Period 15 yr. Repayment period 15 yr. Limits: minimum $15,000. maximum $150,000. Counties we will do an equity loan: Broome, Cayuga, Chenango, Chemung, Cortland, Livingston, Madison, Monroe, Onondaga, Ontario, Schuyler, Seneca, Steuben, Tioga, Tompkins, Wayne and Yates.

9 Qualifying Guidelines: Home must have central heating, working septic and sewer system, drilled well or municipal services. Mobile homes must be on permanent foundation ( concrete piers below the frost line) and the value of the land cannot exceed the value of the mobile home. Mobile Home must be manufactured after 1995. Loan To Value and rate will be determined by the credit score of the borrower(s). The interest rate is set at the time of closing. Adjustable Rate: Prime Rate (quarterly). The annual percentage rate is based on the value of the prime rate, which is published in the Money Rates'.

10 Column of the Wall Street Journal on the first day of each month. Equity Enhancement no closing cost fixed rate loan*. Type: HEENH. *The proceeds on an Equity Enhancement loan can only go toward the improvements of the property. Joint checks are to be issued to purchase building supplies, contractors or vendors. Terms: 36 month, 84 month, 120 month Limits: minimum $5,000 maximum $100,000. Counties we will do an equity loan: Broome, Cayuga, Chenango, Chemung, Cortland, Livingston, Madison, Monroe, Onondaga, Ontario, Schuyler, Seneca, Steuben, Tioga, Tompkins, Wayne and Yates. Loan To Value and rate will be determined by the credit score of the borrower(s).