Submit 1 Mortgage Pre-Closing Compliance Documents to ...
Attachment GG-EDOCS Page 1 MARYLAND MORTGAGE PROGRAM (MMP)
PRE-CLOSING COMPLIANCE CHECKLIST (SIMPLIFIED) REQUIRED FOR MMP FLEX LOANS AND 97% CONVENTIONAL REFIS
Submit 1st Mortgage Pre-Closing Compliance Documents to Lender Online via EDOCS
1. PLEASE PRINT LEGIBLY OR TYPE. ALL APPLICABLE BLANKS MUST BE COMPLETED 2. UPLOAD DOCUMENTATION IN THE CHECKLIST ORDER VIA EDOCS:
EDOCS Training Instructions:
MMP Reservation No.: ___ __ __ - __ __ __ - __ __ __ __ __ __ Lender's Loan No: __ __ __ __ __ __ __ __ __ __ __
(Lender No.) (Sequential Loan #)
Borrower: Co-Borrower:
___________________________ Last Name ___________________________ Last Name
_______________________________ _________
First Name
Credit Score
_______________________________ _________
First Name
Credit Score
Please check one:
1st Time Homebuyer
Repeat Homebuyer
Lender Name: __________________________________________ Person Submitting: _____________________________________________
Direct Phone #: (______) ________ - _________, Ext.: _______ Fax: (______) _______ - ________
E-mail address: ___________________________________________________________
Programs/Items/Documents
1. ALL PROGRAM RESERVATIONS (loans and/or MCCs): Pre-Closing Compliance Checklist
2. Reservation Acceptance print out from Lender Online 3. Final 1003 Loan Application - typed and unsigned
*Any Change to 1003; must send a Signed Underwriters Transmittal
*Any change to 1003 liabilities must be accompanied by an updated Credit Score Page
4. CREDIT SCORE- must be greater than or equal to minimum credit score as indicated on fact sheet
?
Borrower's Credit Score Page
?
Co-Borrower's Credit Score Page (if applicable)
5. Certificate of Private Mortgage Insurance (if applicable) ? Provide validation that PMI received manual underwrite 6. Signed Underwriting Transmittal
REQUIRED FOR CONVENTIONAL LOANS ONLY
7.
Applicable AUS Findings ? all pages of the document must be submitted. Please note that if the income changes prior to approval, updated findings must be submitted in Lender Online with the usual income documentation.
REQUIRED FOR REFINANCE TRANSACTIONS ONLY
8. Current US BANK Payoff to reflect subordinate lien is not included
Lender to provide email from William Smith, DCA validating the subordinations(s) have been approved. (See Directive 9. 2020-19 - Down Payment Assistance Lien Resource Update for detailed instructions.)
REQUIRED FOR REFINANCE TRANSACTIONS WITH A REISSUED MCC ATTACHMENT GG-EDOCS 07.11.22
LENDER and
include or "N/A" if not applicable
10. Borrower's Authorization to Release Information 11. Copy of Previous Mortgage Credit Certificate
Attachment GG-EDOCS Page 2
REQUIRED FOR ALL MMP LOANS UNLESS OTHERWISE SPECIFIED
12.
INCOME DOCUMENTATION - Docs for all jobs (include part time and full time) for all household members over 18 not attending school full time
Child support or Alimony
Other Income: ______________________________
Salaried Borrowers and Household Members (18 years old and older):
Written VOE
OR
Verbal VOE
AND
One month's paystubs AND
Previous 2 years' W-2s
Self-employed Borrowers and Household Members (18 years old and older):
Previous 2 years' Federal Income Tax Returns
? YTD Profit and Loss Statements
13. ? Income Eligibility Worksheet and Lender Certification ?Attach GR 14. ASSET DOCUMENTATION - SOURCE OF ALL FUNDS
Gift Letter
Other Asset Documentation: ___________________________________
VODs for all liquid asset accounts of each borrower
OR
? Bank Statements ? most recent 1 month
15.
? Asset Test Worksheet - Attach F (FOR LIQUID ASSETS EXCEEDING 20% OF THE PURCHASE PRICE)
16.
? Additional Buyer's Affidavit Relating to Business Use ? Attach N (FOR BORROWERS PLANNING TO USE A PORTION OF THE PROPERTY FOR BUSINESS PURPOSES)
17.
? Homebuyer Counseling Certification (Not Required on Refinance Transactions)
18. Contract of Sale - INCLUDE ALL PAGES (Not Required on Refinance Transactions)
19. New construction ? confirmation from DHCD Mapper website or christina.james@ that property is located in a Priority Funding Area
20. Proof property involved in short sale or foreclosure transaction (Short Sale agreement must be approved prior to reservation)
21. Appraisal (INCLUDE ALL PAGES)
ATTACHMENT GG-EDOCS 07.11.22
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