CREDIT PACKAGE SUBMISSION FORM: WHOLESALE BROKERS

100 GALLERIA OFFICENTRE, SUITE 101
SOUTHFIELD, MI 48034
APPLICATION TAKEN ON OR AFTER 10/3/2015
MICHIGAN MUTUAL WILL DISCLOSE LOAN ESTIMATE AND ALL APPLICATION DISCLOSURES
URGENT: MICHIGAN MUTUAL’S DISCLOSURE TEAM WILL EMAIL YOU AFTER THE INTENT TO PROCEED IS
CREDIT PACKAGE SUBMISSION FORM: WHOLESALE BROKERS ONLY
1. _____
2. _____
3. _____
4. _____
MIMUTUAL LOAN #:
Verify all the following items have been completed. This is Mandatory:
FANNIE MAE 3.2 & LE REQUEST FEES INPUT TO THE MIMUTUAL WEB PORTAL
LOAN ESTIMATE ISSUED BY MIMUTUAL TO THE BORROWER
MIMUTUAL RECEIVED THE INTENT TO PROCEED FROM THE BORROWER
DISCLOSURE TEAM EMAIL WAS RECEIVED ALLOWING UPLOAD OF CREDIT PACKAGE VIA THE MIMUTUAL WEB PORTAL
PROCESSOR NAME:
PROCESSOR EMAIL:
COMPANY NAME:
PHONE:
ESTIMATED CLOSING DATE:
BORROWER INFORMATION:
BORROWER #1:
BORROWER #2:
PROPERTY ADDRESS:
CITY, STATE, ZIP:
LOAN INFORMATION:
TOTAL LOAN AMOUNT:
FIXED:
30/30
25/25
RATE:
20/20
LOAN
TYPE:
PURCHASE PRICE:
15/15
10/10
ESCROW
WAIVER:
APPRAISED VALUE:
ARM:
LTV/CLTV
5/1
LOAN
PURPOSE:
7/1
OCCUPANCY& PROPERTY
TYPE:
PARTIAL ESCROW
CREDIT PACKAGE DOCUMENTATION
REQUIRED:
TITLE ENDORSEMENT/LOSS PAYEE:
SPONSOR ID’s:
MICHIGAN MUTUAL, INC.
ITS SUCCESSORS AND/OR ASSIGNS (ISAOA)
800 MICHIGAN STREET
PORT HURON, MI 48060
FHA – 7983500049
VA – 7498140000
MIMUTUAL CREDIT PACKAGE SUBMISSION FORM
DU FINDINGS IN MIMUTUAL’S NAME & RELEASED
CREDIT REPORT
INCOME DOCS
PURCHASE AGREEMENT (SELLER’S NAME LEGIBLE)
ASSETS
PAYOFF (STREAMLINES ONLY)
ALL 203K DOCS: MI MUTUAL CONTRACTOR
APPROVAL FORM FULLY EXECUTED, 203K MAX
MORTGAGE WORKSHEET
(BIDS/CONTRACTOR AGREEMENT, SIGNED &
DATED
W-9, LIABILITY INSURANCE, LICENSE, LETTER OF
REFERENCE) (IF APPLICABLE)
NET TANGIBLE BENEFIT (FHA STREAMLINES &
STATE SPECIFIC)
ANTI- STEERING DISCLOSURE (LENDER PAID ONLY)
CERTIFICATE OF ELIGIBILITY (VA ONLY)
VA DISCLOSURES
o
NOTICE TO HOMEOWNER (26-8978)
o
CLOSEST LIVING RELATIVE
o
VA DEBT QUESTIONNAIRE (26-0551)
o
COUNSELING CHECKLIST FOR MILITARY
(26-0592-Active Duty only)
o
DD-214 (Only if COE not in file)
VA IRRRL
o
26-8923 FORM
o
FEDERAL COLLECTION POLICY NOTICE
(26-0503)
STATE DISCLOSURES REQUIRED
o
CALIFORNIA MLDS
o
TEXAS
o
OHIO
o
ILLINOIS
RD
3 PARTY PROCESSING FEE
o
INVOICE W/NMLS# FOR PROCESSOR
o
PROCESSING COMPANY’S NMLS#
o
BUSINESS LICENSE
FULL ESCROW
(TAXES & INS)
PURCHASE
O/O
ND
RATE/TERM
2
HOME
CASH-OUT
INV (N/O/O)
SFR
LOW CONDO <=4
IF YES,
BPMI – UP FRONT
3 – 4 UNIT
203K Title Updates $150.00 Section A
NO
ATTACHED PUD
2 UNIT
Doc Prep Fee $200.00 Section A
YES
BPMI – MONTHLY
TOWNHOME
UW Fee $650.00 Section A
MORTGAGE
INSURANCE:
HIGH CONDO >4
DETACHED PUD
LENDER FEES: Section A
LIEN AMOUNT:
10/1 (CONV JUMBOS ONLY)
CONFORMING
CONFORMING JUMBO
CONFORMING HB
CONFORMING DU PLUS
FHA
FHA HB
FHA STREAMLINE
FHA HUD $100 DOWN
FHA HUD REO
FHA 203K STANDARD
FHA 203K STANDARD HB
FHA 203K STANDARD REO
FHA 203K STREAMLINE
FHA 203K $100 STREAMLINE
FHA 203K REO STREAMLINE
RD-USDA
RD- USDA STREAMLINE
VA
VA IRRRL’S
(TAXES ONLY)
ND
2
LENDER FEES: Section B
TX Attorney Fee $150 Section B
Flood Cert $5.95 Section B
(1 TIME PAYMENT)
NO MONTHLY
LPMI
MI Company Selected:
•
Genworth
•
Essent
•
Radian
•
MGIC