Onlineapps.fremontbank.com
Send all submissions through our portal: MORRIS.
ALL MANDATORY DOCUMENTS MUST BE INCLUDED WITH THIS COMPLETED FORM TO BE CONSIDERED A SUBMISSION -
See page 2 of this form for list of *mandatory documents to be included with your submission.
Account Executive: Broker ID: Date of Submission:
|Broker Company Name: |Loan Officer: |
|Primary Contact / Processor: |E-Mail Address: |
|Phone # |Fax # |
Borrower Name:
Co Borrower Name:
Borrower Email Address (for E-Disclosures & Appraisal):
Subject Property Address:
Full address, city, state and zip code required
LOAN PROGRAM INFORMATION: Rate Lock Requested with Submission: Yes No
Appraisal Request with Submission: Yes No PIW/Gold
Income Validation Service Submission: Yes No
FNMA CASEFILE ID: LP Only: New credit will be pulled
|COMPENSATION MODEL: | Lender Paid % per Comp Agreement (not to exceed maximum of $___________) |
|Borrower Paid | |
|$ Compensation $ amount | |
ANY AFFILIATED SERVICES? No Yes, describe service and affilation:
|Program: Target Rate: |Fixed: 30 yr 20 yr 15 yr 10 yr |
|Gold Standard Conf Super Conf HomeReady |ARM 10/1 7/1 5/1 3/1 |
|Jumbo Gold Jumbo Gold Plus Jumbo Gold 90 Jumbo Platium |FHA Yes No |
|Portfolio |MIP Financed (FHA only) Yes No |
|Loan Amount: $ |LTV: CLTV: |# Of Financed Properties: |
|Appraised Value: $ |HTLV: |Impounds: Yes No |
| | |Taxes Insurance |
| | |Mortgage Insurance: |
| | |Single Premium Monthly (Borrower paid) |
| | |LPMI |
|Secondary Financing: | |
|New FB New FB 360 New Outside HELOC Existing | |
|Subordination: Line Amount: $ Draw Amount: $ | |
|*** PROVIDE 1003/1008 FOR NEW HELOC *** | |
|Loan Purpose: |Occupancy Type: |Property Type: |
|Purchase ** Rate and Term Refi Cash Out |Owner Occupied |SFR Detached Attached |
|Amount $ |Second Home |Condo Low Rise Condo High Rise 2- 4 Units # |
|Streamline with Appraisal (FHA Only) |Non- Owner (Investment) |of Units |
|Streamline without Appraisal (FHA Only) | |PUD / Town home |
Fees for the Loan Estimate:
• Calculator Online to obtain Appraisal Fee
• Conventional Origination fees for LE: Delivery Fee $ 25, Document Preparation Fee $ 125, Underwriting Fee $800 = $ 950
• FHA Origination Fees: Delivery Fee $ 25, Document Preparation Fee $ 50, Underwriting Fee $ 395 = $ 470
• All loans: Flood $5.25, Tax $60
Fremont Bank Wholesale Document Checklist
ALL CREDIT/INCOME/ASSET DOCUMENTS MUST BE INCLUDED IN YOUR SUBMISSION
(* Items are Mandatory- File may be delayed if these are not included)
|*Submission form |*1008/1003 (with all REO mapped), |
|*Loan Estimate (if broker prepared) |*Title fees |
|*Service provider list |*Broker fees |
|*DU | |
*Salaried wage earners (W2)
• Most recent pay stub (this must cover 30 days and YTD earnings)
• Most recent year end W2s (FNMA and PORT require 2 years)
• If borrower receives additional income must send 2 years full tax returns including all schedules
*Self-employed (Schedule C partnership, S Corp or Corporation):
• Most recent 2 years completed personal federal tax returns including all schedules
• Most recent 2 years K1’s for all businesses listed on borrowers schedule E (if applicable) If borrower owns over 25% of the business must submit 1065/1120s (whichever applies)
• If borrower has a Corporation must submit 2 years completed corporation tax returns (form 1120)
*Social Security Income:
• Social Security /Award Letter or form 1099 or 2 months bank statements (all pages) to support deposited income. This must show a continuance of 3 years.
• Pension Retirement Award Letter or form 1099 or 2 months bank statements (all pages) to support deposited income. This must show a continuance of 3 years.
*Assets:
• If assets are to be used for cash to close or down payment will need 2 months bank statements (all pages) with excessive large deposits paper trailed.
*Purchase Transactions - Additional documentation required:
• Preliminary title report
• Purchase contract
• All subsequent addendums
• Fremont Bank form WH-23: Escrow-Title Contact Information
Additional Documentation
|Credit Report (if broker providing case file ID) |SSA-89 |
|WH-00: Patriot Act Form |SPL-01: HOA Questionnaire (if Condo) |
|WH-20: Wholesale Appraisal Delivery Waiver (if applicable) |4506T- Fully executed- address must match filed 1040’s |
|WH-24: Undisclosed Debt Acknowledgement | |
The following are general Fremont Bank requirements/information:
• All credit docs (i.e. credit report, bank statements, paystub, prelim) cannot be older than 60 days at docs and 90 days at funding.
• If property is in flood zone, flood declaration page from NFIP (no private policies) with loss payee along with proof premium paid will be needed prior to approval.
• Appraisal request must be ordered through the MORRIS Portal
• PIW eligibility does not apply for High Balance loans
• 4506T will be obtained for all transactions whether transcripts are required or not
• Broker submitted DU: If Day 1 Certainty applies for a borrower – salary requirements may not apply
*If DU shows PIW eligibility – indicate on Page One of the Submission Form
-----------------------
Wholesale Submission Form
3:30 Cut off for same day submission,
2:00 If lock request with a new submission
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