Mortgage Underwriting Checklist Template

There are many mortgage documents required to close on a loan.

Mortgage underwriting checklist template. To begin the form utilize the fill sign online button or tick the preview image of the document. The way to complete the online mortgage underwriting checklist template on the internet. Underwriting checklists 062719 section 11 conventional checklist this checklist indicates all documents to be submitted to freddie mac in underwriting packages for the early rate lock erl and standard delivery options for conventional mortgages. Must include caivrs in box 46 or 47 or printouts will be needed.

It is important that the documents are scanned in. A minimum 10 random sample or a valid statistical sample if less than one loan at least one loan must be selected samples are representative of our originations book of. Conditions yes no na. Only assign a poor if materially affecting huds insurance risk and describe below.

Assets performed within 10 days of loan closing. Condition of the property. Conditions properly listed as ptd or ptf 56. Do comps also have these amenities.

Automatic conditions are free of blanks. Is the loan you closed the loan you thought you closed we ensure that our post closing qc plan includes the following. Must be complete and include underwriters signature and date. Underwriter has marked all documents in the efolder as reviewed comments.

Loan with the lowest interest rate and which does not contain negative amortization a prepayment penalty a interest only feature a balloon payment in the first 7 years a demand feature shared equityappreciation or for a reverse mortgage a loan without a prepayment penalty or shared. Mortgage underwriting is a process in which the lender uses to access risk and ensure a borrower meets all of their minimum requirements for a home loan. Signed fha loan underwriting and transmittal. The advanced tools of the editor will guide you through the editable pdf template.

If collateral includes amenities such as a pool or pierdock access is a photo included with appraisal. Form must be complete and accurate and the commitment terms section must include underwriters name signature and date and chums id. Enter your official contact and identification details. This checklist is to be submitted on top of the pre closing package.

Does the subject have a permanent heat source selffueled adequate to heat the home. Underwriter used the condition template appropriate for the loan type 58. Underwriter may need to condition for an inspection. Estimated hud1 is listed as both a ptd and ptf condition 57.