NMLS: 1820 VA IRRRL LOAN SUBMISSION CHECKLIST …
NMLS: 1820
VA IRRRL LOAN SUBMISSION CHECKLIST
BROKER INFORMATION WE WANT TO TALK TO YOU! LET US KNOW WHOM TO CONTACT ABOUT THIS LOAN, AND HOW:
Company Name:
Broker ID#:
Address:
Loan Officer:
Processor:
Phone:
Phone:
Email Address:
Email Address:
Transaction Type (Choose One):
Wholesale OR
Select Partner (mini-correspondent)
If Select Partner (SP):
SP will order MI, if applicable:
Yes
OR
No
SP will draw closing documents
OR
CMG will draw closing documents on behalf of the SP
SP's assigned MIN
SP's MERs Originator ID #
BORROWER INFORMATION
Borrower:
Borrower Email:
Co-Borrower:
Co-Borrower Email:
PROPERTY INFORMATION
Property Address:
City:
State:
Zip:
County:
Property Type:
SFR
CMG Loan Number: Loan Amount: Value / Sales Price:
PUD
Condo
2-4 Unit No. of Units:
LOAN INFORMATION
Program: LTV:
CLTV:
Occupancy
Primary Second Home Non-Owner
Purpose
Purchase R/T Refinance C/O Refinance
LO Comp
Lender Paid Borrower Paid N/A
Proposed Settlement Date:
VA Funding Fee: Financed Paid in Cash Exempt
DOCUMENTATION REQUIREMENTS
Important: CMG cannot accept files unless all the documents on this list are included.
VA IRRRL Loan Submission Form Initial 1003 (URLA), signed & dated by the LO Final 1003 (URLA) & VA addendum (VA form 26-1802A), Pages 1 and 2 signed and dated by LO and borrower
Complete 2 year employment history and mortgage liability only
Three Repository, Mortgage Only, Credit report dated within 60 days of submission with credit scores
If loan is a qualifying IRRRL (P&I increases =>20%) ? Full Tri-merge credit report is required
Interest Rate Reduction Worksheet (Form 26-8923) VA Comparison worksheet completed and signed by originator and borrower Borrower's Intent to Proceed Anti-Steering Disclosure (Lender Paid Transactions only) Broker Fee Agreement Good Faith Estimate, including subsequent GFE's and COC documentation Fee sheet matching the initial GFE Settlement Service Provider List Truth In Lending Disclosure Signed 4506T Social Security Number verification (SS Card, W2 or SSA-89 Social Security Authorization Consent Form) Signed Borrower's Credit Authorization Case number from TAS and CAIVRS Authorization Number (for all borrowers) Veteran's Acknowledgement form (Loan Comparison Statement old terms vs. new terms) CMG Net Tangible Benefit Form Income Documentation ? if applicable
Wage Earner, Self Employed or Retirement (if of retirement age) ? NO DOCUMENTATION required
If any other income type ? please refer to the IRRRL product guideline for details
If Credit Qualifying ? full documentation per VA Purchase/NON-IRRRL guidelines apply
Existing Mortgage Note AVM or 2055 Exterior Appraisal Most recent Mortgage Statement All applicable RESPA, state and program disclosures ? Refer to Disclosure Matrix on
The following required items may follow initial submission: Payoff Statement ? preliminary, evidencing most recent payment Preliminary Title Commitment w/24 month chain of title Property Tax Statement Hazard insurance dec page reflecting CMG loan number and mortgagee clause.
If renewal is due within 60 days, provide new policy & annual premium with final conditions.
Mortgage Loan Origination (N/A on Select Partner Transactions) Debt Questionnaire (Form 26-0551) Rights of VA Loan Borrowers (VA Form 26-8978) Interest Rate and Discount Statement Nearest Living Relative Federal Collection Policy Notice (VA 26-0503)
Loss Payee Clause:
CMG Mortgage, Inc. Its Successors and/or Assigns 3160 Crow Canyon Road, Suite 400 San Ramon, CA 94583 Loan #:
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05/08/2013
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