PDF Combined Pre-Closing and Closing Document Set

Combined Pre-Closing and Closing Document Set

Lender Name:

Lender Contact:

(for Conditions)

Lender Email:

- I-REFI Pre-Close Submission Checklist -

Payoff Exp Date:

IHDA loan # :

Est. Close Date:

Lender Loan# :

Loan Type:

Borrower Name:

INSTRUCTIONS:

1. Complete Form, use tab to move down and space bar to check box.

2. E-sign Form (it will prompt you to save a signed copy).

3. Include in IHDA Underwriting Upload.

REQUIRED DOCUMENTATION

FHA

1) TRID Initial LE (loan estimate) a . Written list of providers b . All Revised LE disclosures and supporting documentation c . Initial CD (closing disclosure)

2) 1st mortgage payoff, good within 15 days of estimated closing or has per diem calculation 3) 2nd mortgage payoff (if applicable) good within 15 days of estimated closing or has per diem calculation 4) Title Commitment/Binder 5) Hazard Insurance policy 6) Standard Flood Hazard Determination 7) Initial 1003 - initialed, signed & dated by Lender and Borrower(s) 8) 1008 (FNMA)/1077 (Freddie) Transmittal Summary Amortization Schedule (if applicable) 9) Mortgage Insurance Certificate & PMI Disclosure (if applicable) 10) ALL signed Initial Disclosures completed at time of application 11) Appraisal for subject property to include all pages 12) Appraisal Update/Final Inspection (if applicable) 13) Appraisal Delivery Certification Ackn. Form 14) FNMA / FHLMC UCDP / SSR Submission Summary Report 15) FFIEC Rate Spread Calc. Results and Documentation of Lender Lock-in Date, if HPML (if applicable) 16) Credit Report - should reflect current mortgage payment history for all mortgages 17) AUS all pages with the assistance amount shown as a gift in the assets 18) Copies of Underwriting Conditions 19) IRS 4506-T (8821 if self-employed) 20) Borrower Certification and Authorization signed 21) Most recent year of tax transcripts 22) 3 years most recent fully executed Tax Returns OR Transcripts from IRS for all Borrowers and Non-Borrowing Spouse 23) 30 days YTD pay stubs (Borrower, Spouse & HH occupant 18+) 24) 2 years most recent W-2/1099 (if applicable or per DU/LP findings) (MOST RECENT year for IHDA) 25) 2 months Bank Statements for all accounts 26) Homebuyers Education Certificate for ALL Borrowers 27) Landlord Counseling Certificate (if applicable)

28) HUD-92900-Atoincludepages1-4(Initial) 29) Important Notice to Homebuyer (92900B) 30) MI/Informed Consumer Choices Notification 31) FHA Case Query 32) FHA Case Number Assignment 33) LUTS 92900-LT with CAIVRS/LDP/GSA sections complete and marked "no"

34) VA-26-1802Atoincludepages1-2 35) COE(certificateofeligibility) 36) VA-26-1820Report& CertificationofLoanDisbursement 37) VA26-6393LoanAnalysis 38) CAIVRSAuthorizationforallBorrowers 39) VANoticeofValuewithallconditions 40) BorrowerCertificationandAuthorization 41) VA-26-0592CounselingChecklist(activedutyonly) 42) LenderLoanQualityCertification(Title38USC) 43) VA26-1866CommitmentCert(ifPriorApprovalfromVA) 44) Termite/WoodDestroyingInsect/SoilTreatment(NPMA-33) 5)

45) RD3555-18ConditionalCommitmentwithallattachments/GUSFindings 46) 1008UnderwritingTransmittal 47) RD3555-19GuaranteedLoanClosingReport 48) RD3555-21RequestforSFHLoanGuarantee 49) RD 3555-17 Loan Note Guarantee (if >90 days from close)

50) DoddFrankHHFCertification with Date & Property address completed in the middle of the page 51) SignedLenderTaxcodecompliancecertification 52) Incomecertification to include Borrower & ALL household members 53) IHDAcommitment/reservation 54) Refinance BorrowerAffidavit 55) IncomeCalculator & Signed income letter from non-borrowing spouse/HH occupants 18+ (if applicable) 56) Refi Calculator - fully completed 57) US BankBorrowerAuthorizationforReleaseofInformation with IHDA loan number 58) MCC documents (re-issue,if applicable)

V A

USDA

IHD A

PAGE 1 OF 1

I-REFI PRECLOSE CHECKLIST-REV 6/20/17SH

ILLINOIS HOUSING DEVELOPMENT AUTHORITY

I-REFI Post Closing Checklist

Lender Name: Lender Contact:

Payoff Exp Date: Date Closed:

IHDA Loan #: Lender Loan #:

Lender Email:

Loan Type:

Borrower Name:

IHDA I-Refi Documents:

1) Letter of Guaranty - dated, signed by Lender along with electronic IHDA signature 2) Promissory Note - fully completed, signed & dated 3) Recapture Agreement - fully completed, signed & dated 4) Summary Disclosure - fully completed, signed & dated 5) 1st Mortgage, IHDA Rider, Note & Loan specific mortgage docs 6) Assistance Impact Letter - dated, testimonial provided, options checked, signed by Borrower,

email and phone number

Loan Documents:

1) Full Closing Package - same package as submitted to US Bank 2) Initial & Final Closing Disclosure: Assistance to be shown under Section L as IHDA Refi Grant 3) Final executed 1003 with any addendum & Final 1008/LUTS/26-6393 4) Payoff valid thru disbursement date or per diem included (not to exceed 30 days) 5) Title commitment, Tax Cert, copy of any release(s) - Right of Rescission 6) Verbal VOE completed prior to close for all Borrowers 7) Proof the Borrowers Identity was verified at close (Copy of ID, Customer Identification Form, etc) 8) Signed Tax Returns, LOX's, etc (if signed at close & applicable) 9) Final AUS & IHDA Refi Calculator 10) Final disclosures/Loan specific docs signed at closing: Initial Escrow Account Disclosure,W-9,

Compliance Agreement, etc

I,

, as an authorized representative of the lender listed

above, I certify that all of the above documentation is present within this upload.

Preparer:

Explanation: U.S. Bank's Borrower Release of Authorization of Private Information Form

When your loan is purchased by U.S. Bank, Housing Finance Authority Division (HFA), acting as Illinois Housing Development Authority's Loan Servicer, borrowers are notified by U.S. Bank HFA Division for loan payment collection.

In addition, Illinois Housing Development Authority (IHDA) requires borrowers who receive an IHDA loan to complete U.S. Bank HFA's required Borrower Authorization of Release of Private Information form. This form permits U.S. Bank HFA, the Loan Servicer, to share necessary data pertaining to the borrower/co-borrower and loan transaction with IHDA.

If the loan is not purchased by U.S. Bank HFA acting as IHDA's Loan Servicer, no data will be shared between the originating lender and U.S. Bank HFA.

Borrower Authorization of Release of Private Information

The undersigned Borrower and Co-Borrower, if any, (individually and collectively, "Borrower" or "I")

authorize U.S. Bank National Association, and its successors and assigns ("U.S. Bank"), to disclose,

share,

release,

communicate,

and

provide

to

and

with

ILLINOIS HOUSING DEVELOPMENT AUTHORITY ("Third Party") private information and

documentation (collectively, "Information ") contained in or related to my mortgage loan, which is

identified below. This Information may include, but is not limited to, my name, address, telephone

number, social security number, FICO score, loan data, credit report, income, government monitoring

information, loss mitigation application status, account balances, program eligibility, reports, and

payment activity, including delinquencies. I understand that some or all of the Information is classified

as private information with regard to an individual. I understand that it may be necessary for Third

Party to have access to my Information in order to effectively manage Third Party's loan programs.

I have read and understand U.S. Bank's Privacy Pledge which is attached to this Authorization. I am aware that U.S. Bank is committed to compliance with its Privacy Pledge and with the Privacy of Consumer Financial Information (Regulation P) Gramm-Leach-Bliley Act (GLBA), the Fair Credit Reporting Act (FCRA) and other legal requirements relating to the privacy and security of my Information.

I understand that U.S. Bank will take reasonable steps to verify the identity of Third Party before releasing my Information to Third Party, but U.S. Bank has no responsibility or liability to verify the identity of Third Party or what Third Party will do with my Information provided by U.S. Bank. I agree to indemnify and hold U.S. Bank harmless in the event Third Party misuses my Information provided to Third Party by U.S. Bank.

This authorization will not be valid unless I sign the authorization and will remain in effect until I revoke it in writing and deliver my revocation to U.S. Bank.

Loan No.: ___________________________

Property Address: ___________________________________ ___________________________________ ___________________________________

Borrower Name: ___________________________________

Borrower Signature: ___________________________________

Date:_______________________

Co-Borrower Name: __________________________________

Co-Borrower Signature: __________________________________

Date:_______________________



Rev. 12 31 14

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download