POWER OF ATTORNEY CHECKLIST UNDERWRITING

1 POWER OF ATTORNEY CHECKLIST Rev. 12/27/2017 Page 1 of 2 Unless Investor or Agency specific guidelines provide otherwise, a POWER of ATTORNEY ( POA ) may be used on all loan types (FNMA, FHA, VA, Non-conforming, etc.) and all property types (Single-family, 1 4 Family, Condo, Coop, etc.) regardless of occupancy (Primary, Second Home, Investment). If more than one borrower wishes to use a POA, a separate instrument (POA) must be provided for each borrower. Borrower: Loan #: Eligibility Yes No N/A is NOT a cash-out refinance (see VA Specific section below for Cash Outon VA loans)Initial 1003 and Disclosures Yes No N/A Borrower is NOT incapacitated, initial 1003 and disclosures are wet-signed(eSign not permitted) exactly matches signatures on POA and Driver s LicenseBorrower Name(s)Yes No N/A name(s) match exactly how borrower name(s) appear(s) or willappear on the deed [name(s) in which borrower(s)]

2 Will hold title]Incapacitated Borrower Yes No N/A is a primary has specific authority to encumber the property andobligate the contains verbiage to avoid need for court doctors notes to support borrower s disability are in the fileAttorney-in-fact (aka Agent)Yes No N/A names at least one (1) or more natural persons (not an institution,bank, or corporation) to act on borrower s behalf, either individually or jointly(if more than one Agent designated) is a Disinterested Party to the transaction (cannot be an InterestedParty, which includes but is not limited to Realtor, Loan Officer, Closing Agent,Employee, etc.)Miscellaneous Yes No N/A POA is specific to this transaction except when incapacitated(for Impac, specific to the transaction regardless of incapacitation) POA identifies the property by its street address or legal POA authorizes the Agent to mortgage (or encumber) the property, aswell as any other documents associated with the intended the POA provides specific loan terms upon which Agent must act, andthe loan terms vary or have changed in any way, a new POA has been the POA contains an expiration date (may be in the body of the POA asshown in the example below) it remains valid (has not expired)Note.

3 Not all POAs will include an expiration date is dated prior to the date settlement docs are drawn (note date) condition added for closing: Loan docs contain the followingsignature block for signing: Principal by Agent, ATTORNEY -in-fact"Acknowledgment Yes No N/A 18. The POA signing and notarization was conducted in the 19. Refinance: UNDERWRITING condition added for closing: Verify POA recordedprior to the Note date 20. Purchase: UNDERWRITING condition added for closing: Confirm POA recordedconcurrently with Note/Security Instrument 21. Principal Acknowledgement, Purchase The POA is signed by thePrinciple (on the signature line) and NOTARIZED (and then will be recordedconcurrently with the mortgage)(Continued) POWER OF ATTORNEY CHECKLIST Rev.

4 12/27/2017 Page 2 of 2 VA-Specific Yes No N/A 22. Cash Out: Cash out, if applicable, is under $500 23. Cash Out: If $500, POA is Military POA, Vet is stationed overseas, spouseis on title, and spouse holds POA24. An executed Alive and Well cert is executed on or after the note date butprior to the disbursement date for all Active Duty Vets (for non-Active DutyVets, a signed Alive and Well cert to be signed by the Vet; for incapacitatedVets, a current doctor s note is required)25. UNDERWRITING condition added for closing: An executed Lender Certification to be completed by the Funder (POA Certification portion only)