Frequently Asked Questions + Tips - Amazon Web Services

EC-

Frequently Asked Questions + Tips

Account Executive: Office: Cell: Email:

Lender Fees

Agency Products Streamlines & IRRRL's

$1195 $595

Account Manager: Office: Cell: Email:

Sponsorship ID Numbers:

FHA#: VA #:

7007900004 6151810000

Mortgagee Clause: Castle Mortgage Corporation d.b.a. Excelerate Capital It's Successors and/or Assigns

4000 MacArthur Blvd, East Building, Suite 300 Newport Beach, CA. 92660

Guides: New Broker Login:

Submissions Broker Portal

Conditions (Choose 1)

Conditions Upload Guide (Option 1): Conditions Upload Guide (Option 2):

Quick Pricer | Locking | Extensions | Relocks

Quick Pricer ? Price My Loan ? PML Locking - Log into Broker Portal > Select the submitted loan > Click the Pricing Tab

Extensions & Relocks ? Email directly to Lockdesk@ o Lock Desk is available Monday ? Friday 8:30 ? 3:30 (Pacific Standard Time) except for holidays o Doc Request Form -

Appraisal Ordering > Go to You will need to create an account with the AMC first. Once credentials are issued, you can order appraisals from here.

CIP - Customer Identification Form > Go to

EC-

3/2022

MINI SUBMISSION CHECKLIST

[Complete Package for Underwriting]

IMPORTANT

Fill out Submission Form

IMPORTANT

Complete all sections of 1003- signed by borrowers and LO

IMPORTANT

SSA Validation Form (must be signed with wet signatures)

4506-C Form (must be signed with wet signatures) -if applicable-

Broker's Credit Report (if applicable, we can pull EC credit report upon request)

IMPORTANT

Income (see requirements on Submission Form)

IMPORTANT

Assets

Escrow Instructions

Prelim

Purchase Contract (if applicable)

Affiliation Initial Disclosure (if applicable) Broker owned Escrow/Sales agent is also LO/an entity with multiple hats- max 2 per transaction

Property Tax Bills for All Properties Owned -if applicable-

Mortgage Statements for All Properties -if applicable-

OWNER OCCUPIED/2ND HOME/INVESTMENT

NON-QM-

SUBMISSION FORM

ACCOUNT EXECUTIVE:

BROKER DISCLOSE: LENDER DISCLOSE:

BROKER INFORMATION

Company Name:

Phone #

Loan Officer: Email:

Phone:

Loan Processor: Email:

Phone:

SUBJECT PROPERTY

Address:

, City

, State: , Zip:

BORROWER

First Name: Last Name: Email:

FICO:

CO-BORROWER

First Name: Last Name: Email:

FICO:

TRANSACTION Purchase R/T Refinance Cashout IMPOUNDS Yes No

OCCUPANCY Primary 2nd Home Investment

AMORTIZE Select One

PROPERTY TYPE Select One

LOAN VALUES

Purchase Price: $

.

Appraised Value: $

.

Loan Amount: $

.

LTV:

% CLTV:

%

DTI:

% Rate:

%

BROKER COMPENSATION

Borrower Paid

Broker's %: ______ = $ ________

+ $

Processing Fee

Lender Paid

Comp Plan: ______% = $________

+ $

Processing Fee

(Max flat fee: $1,000)

REQUIRED INFORMATION Mortgage History: Must Select Forbearance: Must Select

Credit Event: Must Select

PRE PAYMENT PENALTY

No PPP 1yr PPP 2yr PPP

3yr PPP 4yr PPP 5yr PPP

INDEPENDENT PROCESSING FEE

(if applicable)

YES $ ________ NMLS#_________ NO

RPREQOUGIRRAEMD SD&OCRSEQUIRED DOCS

Prime (select one) 1yr Full Doc W2 or 1040 2yr Full Doc W2 or 1040 12 Months Bank Statements 24 Months Bank Statements 12 month P&L w/ 2 month bank statements (P&L signed by CPA/CTEC/Tax Preparer and Borrower(s) to certify minimum 2 years SelfEmployment) 24 month P&L w/ 2 month bank statements (P&L signed by CPA/CTEC/Tax Preparer and Borrower(s) to certify minimum 2 years SelfEmployment) Written VOE 1yr 1099's IRS form 2yr 1099's IRS form Asset Utilization

HELOC Stated Income, Verified Asset (SIVA) *Borrower Paid Only

REQUIRED DOCS

The Excelerate (select one) 1yr Full Doc W2 or 1040 2yr Full Doc W2 or 1040 12 Months Bank Statements 24 Months Bank Statements 12 month P&L w/ 2 month bank statements 24 month P&L w/ 2 month bank statements Asset Utilization Written VOE 1yr 1099's IRS form 2yr 1099's IRS form P&L Express

Foreign National Asset Utilization

ITIN (select one) 1yr or 2yr Tax Return 12 Months or 24 Months Bank Statements 12 month P&L w/ 2 month bank statements 24 month P&L w/ 2 month bank statements

EC PULL CREDIT?

YES NO

CREDIT RE-ISSUE

YES NO

Credit Agency ID:

_

Username: ___________________

Password: ___________________

DU RE-ISSUE

Username: ___________________ Password: ___________________

LENDER'S FEE

NON-QM - $1,495

BROKER OWNED ESCROW

YES NO

(if yes, please provide affiliation form)

EC Non-QM Submission Form (03.01.2022)

ACCOUNT EXECUTIVE:

INVESTMENT ONLY INVESTOR (DSCR)

SUBMISSION FORM

BROKER DISCLOSE: LENDER DISCLOSE:

BROKER INFORMATION

Company Name:

Loan Officer: Email:

Phone:

Loan Processor: Email:

Phone # Phone:

SUBJECT PROPERTY

Address:

, City

, State: , Zip:

BORROWER

First Name: Last Name: Email:

FICO:

CO-BORROWER

First Name: Last Name: Email:

FICO:

TRANSACTION Purchase R/T Refinance Cashout IMPOUNDS Yes No

OCCUPANCY

AMORTIZE

*INVESTMENT ONLY* Select One

PROPERTY TYPE Select One

LOAN VALUES

Purchase Price: $

.

Appraised Value: $

.

Loan Amount: $

.

LTV:

% CLTV:

%

Rate:

%

PROGRAM S

PROGRAMS

PRE PAYMENT PENALTY BROKER COMPENSATION

PLATINUMINV(OEOS/T2OndR) (DSCR)

ALT PRIME (OO/2nd)

Full DFoocreign National VOE Express NoPPPFull Doc 3yr PPP

12mo BIaNnVk SEtSaTteOmRenDtsSCR PlusS/E Express 1yrPP2P4mo Bank St4aytermPePnPts

SBILoVrrEoRw(eOrOP/a2indd) BrokLeer'nsFd%ue:l$rl _DP_ao_i_cd____+ Processing Fee: $________ Comp Pl2a4nm: _o_B__an__k_S_t%atem+ $e_n_ts______

24mo BManuk lSttia?temFaemntsily (5-8 units) 2yrPP3Pmo Business5ByarnPkPStPatements(max flat3mfeoe:B$u1s,i0n0B0a)nk Statements

REQUIRED INFORMATION Mortgage History: Must Select

Forbearance: Must Select

Credit Event: Must Select

REQUIRED DOCS

Complete All Sections of 1003/ URLA Borrowers Authorization

LENDER'S FEE

NON-QM - $1,495

INDEPENDENT PROCESSING FEE

(if applicable)

YES $ ________ NMLS#_________ NO

EC PULL CREDIT?

YES NO

CREDIT RE-ISSUE

YES NO

Credit Agency ID:

_

Username: ___________________

Password: ___________________

BROKER OWNED ESCROW

YES NO

(if yes, please provide affiliation form)

EC Investor (DSCR) Submission Form (03.01.2022)

ACCOUNT EXECUTIVE:

EC Sponsorship COMMERCIAL ? BUSINESS PURPOSE

INVESTOR (DSCR)

SUBMISSION FORM

BROKER DISCLOSE: LENDER DISCLOSE:

BROKER INFORMATION

Company Name:

Loan Officer: Email:

Phone:

Loan Processor: Email:

Phone # Phone:

SUBJECT PROPERTY

Address:

, City

, State: , Zip:

BORROWER

First Name: Last Name: Email:

FICO:

CO-BORROWER

First Name: Last Name: Email:

FICO:

TRANSACTION Purchase R/T Refinance Cashout IMPOUNDS Yes No

OCCUPANCY

AMORTIZE

*INVESTMENT ONLY* Select One

PROPERTY TYPE Select One

LOAN VALUES

Purchase Price: $

.

Appraised Value: $

.

Loan Amount: $

.

LTV:

% CLTV:

%

Rate:

%

PROGRAM S

PROGRAMS

PRE PAYMENT PENALTY BROKER COMPENSATION

PLATINUMINV(OEOS/T2OndR) (DSCR)

ALT PRIME (OO/2nd)

SBILoVrrEoRw(OerOP/2anidd)

Full DIoNcVESTOR DSCR PlusVOE Express NoPPPFull Doc 3yr PPP

Broker'sF%u:ll$_D_o__c____+ Processing Fee: $________

12mo BManuk lSttia?temFaemntsily (5-8 USn/EitsE)xpress 1yrPP2P4mo Bank St4aytermPePnPts

Lender Paid Comp Pl2a4nm: _o_B_a_n_k__S_ta%tem+ e$n_t_s______

24mo Bank Statements

2yrPP3Pmo Business5ByarnPk PStPatements(max fla3t mfeoe:B$u1s,i0n0B0a)nk Statements

REQUIRED INFORMATION Mortgage History: Must Select

Forbearance: Must Select

Credit Event: Must Select

REQUIRED DOCS

Complete All Sections of 1003/ URLA Borrowers Authorization

LENDER'S FEE

NON-QM - $1,495

INDEPENDENT PROCESSING FEE

(if applicable)

YES $ ________ NMLS#_________ NO

EC PULL CREDIT?

YES NO

CREDIT RE-ISSUE

YES NO

Credit Agency ID:

_

Username: ___________________

Password: ___________________

ARE YOU NMLS LICENCED? Yes No STATES*: AZ CA CO FL GA ID HI IL IN MD MI

MS NC NJ NV OH OR PA SC TN TX VA WA WY

*State Restrictions (Can't Sponsor): AZ, CA, ID, NV, NC, OR, VA

BROKER OWNED ESCROW

YES NO

(if yes, please provide affiliation form)

EC Business Purpose Submission Form (03.01.2022)

BROKER / LENDER DISCLOSED SELECTION

LENDER DISCLOSED MINIMUM Submission Form 1003 signed by LO. Must be dated within 3 days of Submission Date (does not have to be signed by borrower) Escrow Fees Worksheet or Estimated HUD-1 Settlement Service Provider List (dated within 3 days of 1003 signing) Credit Report (provide username & password)

BROKER DISCLOSED MINIMUM

Submission Form

SSA-89 Authorization - Wet Signed

Loan Estimate 1003 signed by LO and Borrower

e41e26

4506-C Request - Wet Signed (if applicable) Disclosure Notice

GFE, TIL, Itemization of Amount Financed

The Right to Receive Appraisal

Settlement Service Provider List

Privacy Policy

E-sign Consent

Servicing Disclosures Statement

Intent to Proceed

Fair Lending Notice

CHARM Handbook or Recipt Disclosures (Toolkit)

ECOA Notice

CFPB Counseling Dislosure & List

CA Notice to Home Applicants

Customer Identification Notice (for OFCA only - Office of Foreign Asset Control)

LOCKED LOANS ONLY:

Locked LE AND

Change of Circumstance (COC) Form

Prior to Documentation (PTD) Items - not required by time of submission Credit Authorization Housing Ownership Counseling Form Title Report (if applicable) Purchase Contract

NON-QM

FEE DISCLOSURE INPUT FORM-

SUBMISSION FORM

Loan Number:

Borrower Name:

BROKER / LOAN INFORMATION Broker Name: Loan Program: Property Address: City / State / Zip: Loan Purpose: Loan Amount: $

ESCROW INFORMATION Escrow Company: City / State: Contact Name: Contact Email: Contact Phone: Escrow Number:

Title, Escrow and Government Charges (including various recording fees and tax assessments) will be disclosed based on fees taken from the attached fee sheet (as indicated below). All other fees, including Broker, Lender and Third-Party Vendor fees will be disclosed based on the values shown in the section below. If these fees are repeated on the attached fee sheet, those duplicate values will not be taken into consideration.

NOTE: Do not enter Title, Escrow, or Government fees below.

Provide the following attachments: Escrow/Title Fee Sheet and Estimated HUD-1

LFOEEASN FEE DESCRIPTION

FEE AMOUNT

SELLER CREDIT

Broker Origination1 (Borrower-Paid):

% $

Broker Origination1,2 (Lender-Paid):

% $

Broker Report and/or Supplement Fee

$

Processing Fee (In-House Processor)

$

Processing Fee (Third-Party Processor)

$

Appraisal Fee 1

$

Appraisal Fee 2

$

Re-Inspection Fee

$

Pest Infection Fee

$

FLEOEASN FEE DESCRIPTION

Interest Rate Discount (Points): Underwriting Fee (Paid to EC) Attorney Fee (Texas Only) SELLER CREDIT (not itemized)

FEE AMOUNT

% $ $ 1,495 $ 250 $

SELLER CREDIT

1. Broker Origination Fee is submitted as a percentage of the loan amount. After submission, any increase or decrease made to the loan amount prior to funding will trigger an automatic adjustment to the dollar value of the origination fee and will be disclosed on a revised LE or CD (as applicable). 2. Max flat fee: $1,000.

DISCLAIMER

Mortgage Broker confirms the above fees are true and correct to the best of their knowledge.

Where a tolerance violation is caused by either the BROKER or CLOSING AGENT, that party will be held responsible for the cure amount.

SIGNATURE:

PRINTED NAME:

DATE:

EC Fee Disclosure Input (03.01.2022)

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