New Lender Application Checklist - WHEDA
New Lender Application ChecklistSubmit this checklist with the Lender Application package. Upon WHEDA’s receipt of a completed application, please allow 10 business days forreview. WHEDA will not begin review of applications deemed incomplete. Additional information may be requested by WHEDA as needed.New Lender ApplicationNon-DepositoryDepository InstitutionNot Needed Fannie Mae or FreddieMac Direct Seller or FHAApprovedFannie Mae orNot Fannie Mae orNot Fannie Mae orFreddie Mac Direct Seller Freddie Mac DirectFreddie Mac DirectSeller or FHA Approved or FHA ApprovedSeller or FHA ApprovedLender provided Place an X inbox to check off documentsincluded. 300 New Lender Application FeeCompleted Lender ApplicationOriginal executed LoanOrigination AgreementBond and Insurance policies’declaration pagesExecuted ACH AgreementList of all individuals or entitieswith an ownership interest of 10%or greater.Single-Family Mortgage QualityControl PlanWritten procedures and policiespertaining to the ordering ofappraisals (AIP)Most recent 3rd party loanproduction audit andmanagement responseCorporate Signatory Resolution,approved by the Board.Audited financial statements forthe previous two (2) years, andinterim financial statements ifaudited statements for mostrecent year are six (6) months oldor more. *Original executed DelegatedAdministrator AgreementWholesale lenders - provide acopy of your Third PartyOriginator Approval procedures.List of all Wisconsin basedMLO’s* If audited statements are not available, submit a statement from the President/CEO to attest to the accuracy of the submitted financialinformation and sign each financial statement. For depository institutions, WHEDA will review publically available call reports.If WHEDA has questions regarding this checklist and application:Contact NamePhoneEmail address:WHEDA AdvantageForm 34a4/16
NEW LENDER APPLICATIONAPPLICANT INFORMATIONCompany Name:President/CEO Name:Phone number:Address:Fax number:PO BoxZipStreetZipState:City:EIN:Company NMLS #:Single Family Loan Origination Primary Contact Person:Name:Phone Number:Fax Number:Email:Web site: Direct Lender Wholesale Lender Bank Credit Union Mortgage BankerApplication Purpose:Lender Type: Savings BankParticipation in Other Programs If you are an approved participant, in good standing, with FNMA, FHLMC, GNMA, FHA, VA and/or USDA-RD,please list your identification number. New Lender applicants must include evidence of approval. (If notapproved – indicate with "N/A")FHLMC #FNMA #Format: 000000GNMA #FHA#Format: 00000-000-0VA#Format: 000 000 0000USDA-RD#Format: 00000-000-0 Are you an FHA Direct Endorsement Lender?YesNoPage 1 of 6WHEDA AdvantageForm 34b4/16
BUSINESS RELATIONSHIPSList Wholesale Lenders the Company has sold loans to in the past fiscal year.Wholesale Lender% of Loans SoldList other State Housing Finance Authority's (HFA's) the Company has sold loans to in the past 12 months.LIST OF INDIVIDUALS OR ENTITIES WITH OWNERSHIP INTEREST OF 10% ORGREATER% of OwnershipLIST OF HOUSING RELATED AFFILIATES – 10% OWNERSHIP OR GREATER% of OwnershipHOW DID YOU HEAR ABOUT WHEDA?Page 2 of 6WHEDA AdvantageForm 34b4/16
CERTIFICATIONS AND DECLARATIONSI hereby certify that:1. the Company is legally authorized to originate and sell mortgage loans and the related servicing rights toWHEDA, and such activity will not be in conflict with or result in a breach of the terms, conditions or provisionsof the Company’s organizational documents or any agreement to which the Company is now a party, or resultin the violation of any regulatory order, sanction, or decree to which it is bound.2. the Company, its mortgage loan originators, and any other employees, as required by law, is/are properlylicensed, registered, or otherwise authorized to originate and/or sell residential mortgage loans in the State ofWisconsin.3. neither the Company, nor any of its principals, officers or mortgage loan origination staff are named in anycurrent or pending suit, proceeding, investigation, litigation, or violation of mortgage lending laws orregulations which, either individually or in aggregate, could result in a material adverse change in its business,operations, financial condition or assets, or impair the ability of the Company to carry on its business as it isnow conducted.4. neither the Company nor any of its principals, officers or staff who are involved in any way with themanagement, supervision, control or influence over the origination or servicing of any mortgage loans, or anyfunction related to the origination or servicing of any mortgage loans are currently named in HUD’s LimitedDenial of Participation list (LDP), U. S. Government’s System for Award Management (SAM) list or FHFA’sSuspended Counterparty Program (SCP) list.5. all mortgage loans submitted to WHEDA for purchase will have been originated in compliance with all Federaland State laws (e.g., statutes, regulations, ordinances, administrative rules, and orders that have the effect oflaw, and judicial rulings and opinions) including, but not limited to the Federal Consumer Protection Act, RealEstate Settlement Procedures Act, Truth in Lending Act, the Equal Credit Opportunity Act, the Fair CreditReporting Act, the Wisconsin Consumer Act and Lender Compensation Rules.6. the Company has the required fidelity bond and errors and omissions insurance coverage and that none of itsprincipal officers has been removed from the coverage; or if so, that a direct surety bond has been obtainedpertaining to the principal officer(s).7. the Company meets all requirements as they apply to the WHEDA Loan Origination Agreement, the WHEDAAdvantage Policies and Procedures Manual and Underwriting Guide(s) as amended, supplemented orrenamed from time to time, and acknowledges that representations and warranties made herein survive thetransfer of servicing to WHEDA.8. the Company agrees that the Company shall indemnify and hold harmless WHEDA and its members, officers,and employees from, and against, all losses, damages, penalties, fines, forfeitures, legal fees and relatedcosts, judgments and any other costs, fees and expenses heretofore or hereafter resulting from or arising outof any action by the Lender which breaches a representation, warranty, covenant or obligation contained inthe WHEDA Loan Origination Agreement.9. the Company maintains a tangible net worth of not less than the minimum required amounts as prescribed inthe Policy and Procedures Manual, as amended, supplemented or renamed from time to time.10. the Company’s mortgage operations have, within the past 24 months, been examined by an independent thirdparty and all findings have been addressed.Page 3 of 6WHEDA AdvantageForm 34b4/16
11. the Company, if performing as a Wholesale Lender, accepts responsibility for all loans submitted to WHEDAby a Company authorized Third Party Originator (TPO) pursuant to the WHEDA Advantage Loan OriginationAgreement, the WHEDA Policy and Procedures Manual, and acknowledges that representations andwarranties made herein survive the transfer of servicing to WHEDA as if the Company had originated thoseloans itself.12. the Company agrees that in the event of any breach of the foregoing representations and warranties, Lendershall obtain the correction of such breach within thirty (30) days after the earlier of (a) notice of such breach isgiven by the Authority to the Lender; or (b) such breach is discovered by the Lender, and if any such breachmaterially and adversely affects any one or more of the loans, in the event that the Lender cannot obtain thecorrection of such breach within such thirty (30) day period, the Lender shall repurchase the loan or loansaffected by such breach from the Authority upon the request of the Authority; in the event that the Authorityelects to require the Lender to purchase such loans.I have read the Certifications and Declarations, and affirm all the above information in this Lender Application istrue and correct. By executing this document I authorize WHEDA, at its discretion, to obtain business creditreports, business reference reports, and other information as may be deemed necessary. I acknowledge thatsuch reports and information will be obtained and used only in connection with this application and continuedeligibility to do business with WHEDA, and not for any consumer credit or other purposes, and I hereby waive anycause of action or claim I or the Company may have against such sources with respect to any information theymay provide.By:Title:(Authorized Signature)Date:(Print or type name)Page 4 of 6WHEDA AdvantageForm 34b4/16
LOAN ORIGINATOR LOCATIONSCompany Name:Please list all locations in Wisconsin where a Mortgage Loan Originator is located and apotential borrower can have a mortgage application processed for a WHEDA AdvantageProduct.Contact Name:PO Box/Zip:Email Address:ZipNMLS#:Street:City/County:Phone #:Fax #:Contact Name:PO Box/Zip:Email Address:ZipNMLS#:Street:City/County:Phone #:Fax #:Contact Name:PO Box/Zip:Email Address:ZipNMLS#:Street:City/County:Phone #:Fax #:Contact Name:PO Box/Zip:Email Address:ZipNMLS#:Street:City/County:Phone #:Fax #:Print additional sheets if needed.Page 5 of 6WHEDA AdvantageForm 34b4/16
KEY EMPLOYEES – INCLUDE RESUMESCompany Name:Please list at least one key employee in each process area identified below. Include resumesfor each contact. Also include resumes for key employees located in Wisconsin.OriginationTitle:Contact Name:PO Box:ZipEmail Address:NMLS#:Street:City/County:Phone #:Fax #:UnderwritingTitle:Contact Name:PO Box:ZipEmail Address:Street:City/County:Phone #:Fax #:Quality ControlTitle:Contact Name:PO Box:ZipEmail Address:Street:City/County:Phone #:Fax #:Post ClosingTitle:Contact Name:PO Box:ZipEmail Address:Street:City/County:Phone #:Fax #:Print additional sheets if needed.Page 6 of 6WHEDA AdvantageForm 34b4/16
WHEDA AdvantageAuthorization Agreementfor Funding TransfersLENDER #LENDER NAMEADDRESSCITYSTATECONTACT PERSONPHONE # (ZIP)We hereby authorize the Wisconsin Housing and Economic Development Authority (WHEDA) to initiate credit entriesand to initiate, if necessary, debit entries and adjustments for any credit entries in error via ACH Transfer to our accountindicated below and the depository names below, hereinafter called DEPOSITORY, to credit and/or debit the same tosuch account. New Agreement Revised AgreementFunds will be transferred to:Depository NameCity, State, Zip CodeTransit/ABA NumberAccount NumberType of Account Checking SavingsThis authority is to remain in full force and effect until WHEDA has received written notification from us of its terminationin such time and in such manner as to afford WHEDA and DEPOSITORY a reasonable opportunity to act on it.WHEDA Advantage loans will be funded under one of the following (check one):ACH – account information noted aboveWire transfer – bailee letter for each loan transactionWire transfer – all loans with instructions provided below:Receiving Bank information:Bank NameRouting/ABA NumberFor the Credit to:Company NameAccount NumberDated as of, 20 .SignaturePrint Name and TitleSend to:WHEDAPO BOX 2209MADISON WI 53701-2209Page 1 of 1Form 176/4/15
QC PLAN THORITYIdentifies who is responsible for oversightQC is performed independent of production, underwriting, and closing functions*TARGET DEFECT RATE POLICYMethodology for categorizing of loans with defects based on the severity of the defectPREFUNDING QC POLICY*Some type of review is performed to ensure quality of underwriting decision and/or processingof the loan application. [For Correspondent lenders PreFunding Audit process is required.]POST CLOSING QC POLICYIdentifies the criteria for loans that will be selected for monthly auditIdentifies timeline for review completionReverifications are obtainedIdentifies a process for corrective actions*MANAGEMENT REPORTING*Identifies what is being reported to management. Includes: loans with defectscorrection/remediation of defectsdefect rate/trending infoReviewerDate*Minimum requirements for Broker and Mini-Corr channel lenders.
Delivery channel preference:SELECT ONELenders may participate in more than one delivery channel. Broker DeliveryLenders using the Broker Channel must use Fannie Mae, WHEDA Sponsored DO. Lender will submit a complete application package through WHEDA-Connect for an underwriting decisionUpon approval the lender will request loan proceeds to be transferred from WHEDA to facilitate a table-fundedclosing in WHEDA’s nameLender is responsible for all applicable disclosures and all loans are subject to a WHEDA-paid compensationLenders must maintain a minimum net worth of 250,000 and meet other requirementsGrid pricing is not available Mini-Correspondent Delivery (FHA NOT ALLOWED)Lenders using the Mini-Corr Channel must use Fannie Mae, WHEDA Sponsored DO. Lender will submit a complete application package through WHEDA-Connect for an underwriting decision.Upon approval the lender will close the transaction using their own source of fundsLender is responsible for all applicable disclosuresGrid pricing is availableThe lender delivers a closing document package to WHEDA for purchase review within 10 calendar days afterclosingLenders must maintain a minimum net worth of 250,000 and meet other requirements Correspondent Delivery For FHA – MUST have Direct EndorsementLenders using the Correspondent Channel may use their own Fannie Mae DU or DO. Lender will process, underwrite and make an underwriting decision on a loan application, then close thetransaction using their own source of funds.The lender will deliver through WHEDA-Connect an origination document package and a closing documentpackage for purchase review within 10 calendar days after closingA minimum of 5 test-case loan submissions must be reviewed pre-closing by WHEDA prior to grantingdelegated underwriting authorityLoans are subsequently purchased by WHEDAGrid pricing is availableLender is responsible for meeting all applicable disclosure requirementsLenders must maintain a minimum net worth of 250,000 and meet other requirements
WHEDA AdvantageCorporate Resolution ofSignatory AuthorityThe individuals listed below are fully authorized and empowered in their discretion andas occasion may arise to make, execute, endorse and deliver, in the name and onbehalf of (the “Lender”), anyand all written instruments, agreements, documents and/or forms by and betweenLender and Wisconsin Housing and Economic Development Authority (“WHEDA”) itssuccessor and/or assigns.NamePosition/TitleSignatureTelephoneFax NumberE-mail AddressNamePosition/TitleSignatureTelephoneFax NumberE-mail AddressNamePosition/TitleSignatureTelephoneFax NumberE-mail AddressNamePosition/TitleSignatureTelephoneFax NumberE-mail AddressNamePosition/TitleSignatureTelephoneFax NumberE-mail AddressNamePosition/TitleSignatureTelephoneFax NumberE-mail AddressPage 1 of 2Exhibit 12Created 5/6/14
WHEDA AdvantageCorporate Resolution ofSignatory Authority1. The specimen signature set forth directly across from each authorized person’sname is true and correct and may be relied on until such time as a replacementResolution is provided.2. This Resolution has been approved by the Board of Directors of Lender on, 20 .I, as authorized by my Company, hereby certify and attest that all the above informationis true and correct., 20SignaturePrinted NameTitlePage 2 of 2Exhibit 12Created 5/6/14
WHEDA-Connect Delegated Administrator AgreementA WHEDA participating lender requesting access to e-business applications must designate a DelegatedAdministrator (DA).The lender understands that the DA is responsible for managing access to WHEDA's nonpublic ebusiness applications for persons in their organization. The lender understands and acknowledges thefollowing: WHEDA is authorized to act upon all information submitted by the DA, any person signing on with theDA's ID and password, and/or any user ID created by the DA.Sound security procedures and safeguards are in place to ensure that all submissions of informationare authorized and IDs and passwords are protected from unauthorized or otherwise improper use.The lender and the designated DA have read the Terms of Use (located atwww.wheda.com/general/termsofuse.asp) on behalf of your organization.Complete a separate form to identify each person in your organization who will be responsible formaintaining your eWHEDA Users list (maximum of five (5) DAs per participating lender). A signaturebelow is required from an authorized signer as indicated on your Corporate Signatory Resolution.LENDER NUMBERLender nameName of Delegated AdministratorAddressPhone NumberCityStateZipe-mail AddressI authorize the individual named above to be our Delegated Administrator.Authorized SignaturePrint/Type NameTitlePhone NumberDateExhibit 13Created 7/23/14Page 1 of 2
WHEDA-Connect Delegated Administrator AgreementSound Security Procedures and Safeguards: Each user of the system should have a unique user IDUsers should not set their passwords to be the same as their user IDPasswords: Must have a minimum of 6 characters and consist of both letters and numbers Should not consist of common pieces of information about the user (ie: birthday, child's name,anniversary, email address, etc) May not contain 3 consecutive alphabetical or numeric characters in a row Should not be real words that are recognizable in any language Must be changed every 60 daysUsers should not share their passwordsUsers should never write their password downUsers should make a complete change of their password. For example, if your password is john1,don't change your password to john2 or john11 when your password expires. An example of acomplete change would be to change the password to ca3vhrd1Send to:WHEDAFax (608) 819-4733Exhibit 13Created 7/23/14Page 2 of 2
WISCONSIN HOUSING AND ECONOMICDEVELOPMENT AUTHORITYWHEDA ADVANTAGELOAN ORIGINATION AGREEMENTRevised 5/12/2014
LOAN ORIGINATION AGREEMENTTHIS AGREEMENT, is made and entered into as of,20, by and among WISCONSIN HOUSING AND ECONOMIC DEVELOPMENTAUTHORITY ("the Authority"), a public body corporate and politic of the State ofWisconsin, and the Lender, whose name and address is set forth directly below ("Lender").Name of LenderAttention:Contact PersonStreet AddressPost Office BoxCityCountyZip 4TelephoneFax NumberLender Number2
WITNESSETH:WHEREAS, the Authority is authorized pursuant to Chapter 234, Wisconsin Statutes, to makeor participate in the making and entering into commitments for the making of long- term homeownership mortgage loans and housing rehabilitation loans to persons and families of lowand moderate-income; andWHEREAS, the members of the Authority have authorized the WHEDA Advantage LoanProgram;WHEREAS, the Lender desires to sell loans and the Authority desires to purchase loans:NOW, THEREFORE, in consideration of the foregoing, the mutual promises andconsideration described herein and other good and valuable consideration, the receipt andsufficiency of which is hereby acknowledged by the parties, the Authority and Lender herebyagree as follows:ARTICLE IPARTICIPATION IN WHEDA ADVANTAGE PROGRAM1.1 Lender agrees to originate and sell loans to the Authority, inaccordance with the terms and conditions set forth in this Agreement and the WHEDAAdvantage Origination Guide ("Origination Guide"), as the same may be amended fromtime to time, and all exhibits, certificates, affidavits, warranties and other documentsrequired by the Origination Guide are specifically incorporated into this Agreement as if fullyset forth herein.1.2A wholly owned Affiliate of Lender may originate and sell loans to theAuthority, in accordance with the terms and conditions set forth in this Agreement and theOrigination Guide, upon meeting certain requirements established by the Authority, as theymay change from time to time.a. An Affiliate approved by the Authority will be expected to comply with allaspects of this Agreement.b. In the event Affiliate is unable to perform under the Agreement, Lenderis required to perform on Affiliate’s behalf and, if necessary, satisfy theAuthority for any remedies sought under the Agreement.c. Lender agrees that the representations and warranties in this Agreementextend to the Affiliate; and that in the event of a breach of therepresentations and warranties by the Affiliate, Lender assumes fullresponsibility as if it itself caused the breach.3
1.3 No provision of this Agreement or of the Origination Guide may bewaived or modified unless such waiver and modification is made in a signed writing;provided, however, that the Authority may amend or supplement the Origination Guide bysending written notice of such amendment or supplement to Lender. Amendments orsupplements shall become effective ten (10) business days after the date of mailing unlessotherwise stated in such notice.1.4 Lender acknowledges that the Authority shall be obligated to purchaseloans only to the extent that net proceeds for the WHEDA Advantage Program areavailable and authorized by the Authority. The Authority may, in its sole discretion,suspend or terminate the Authority's commitment to purchase loans hereunder at any timeupon the giving of written notice of such suspension or termination to Lender; providedhowever, that the Authority shall purchase all of Lender's approved loans closed prior to theeffective date of the Authority's notice of suspension or termination, and all loans whichhave been approved in writing for primary and/or mortgage pool insurance by an eligibleWHEDA mortgage insurer (if required) and for program compliance by the Authority prior tosuch effective date.ARTICLE IITERM2.1This Agreement shall commence on the date herein and shallautomatically renew annually unless terminated pursuant to Article VIII.ARTICLE IIICOMPENSATION3.1 Lender shall be entitled to receive an origination or lender fee equal tothe published fee structure for the program issue.3.2 The borrower shall be charged an origination or loan fee equal to thepublished fee structure for the current WHEDA Advantage Program issue. Lender shallcharge borrower no other origination or loan fees, however denominated, and Lender shallcollect, directly or indirectly, no other fees from the borrower or seller, except as specificallypermitted by the Origination Guide.3.3 Lender shall collect and timely transmit to the Authority any fee theAuthority is entitled to under the published fee structure for the WHEDA AdvantageProgram.4
ARTICLE IVINDEMNIFICATION AND HOLD HARMLESS AGREEMENT4.1 The Lender hereby agrees that the Lender shall indemnify and holdharmless the Authority and its members, officers, agents and employees from, and against,any and all losses, damages, penalties, fines, forfeitures, legal fees and related costs,judgments and any other costs, fees and expenses heretofore or hereafter resulting from orarising out of any action by the Lender.4.2 Lender shall have sole responsibility for ensuring full compliance withany and all federal or state laws and shall indemnify the Authority from any loss or liabilityresulting or arising from any failure by Lender to fully comply with any such law.4.3 Lender shall maintain throughout the term of this Agreement, atLender's expense, a fidelity bond, fire and extended coverage insurance on Lender's office,theft insurance, forgery insurance, and errors and omissions insurance. Such bonds andinsurance policies shall be in amounts as required by the Origination Guide.ARTICLE VLENDER'S REPRESENTATIONS AND WARRANTIES5.1Lender hereby represents and warrants to the Authority as follows:a. Lender is duly organized, validly existing and in good standing underthe laws of the jurisdiction under which it is organized, and is dulyqualified to do business in the State of Wisconsin.b. Lender is duly authorized by all necessary corporate actions to enterinto this Agreement. Upon execution, this Agreement will be a validand binding agreement by Lender, enforceable according to its terms,and will not constitute a violation of any law or any requirementimposed by any regulatory, judicial or quasi-judicial body.c. Lender is not under any cease and desist order or any other order of asimilar nature which would in any way restrict Lender from complyingwith any and all terms of this Agreement.d. Each loan purchased by the Authority pursuant to the terms of thisAgreement will conform in all respects to each and everyrequirement and procedure set forth in this Agreement and theOrigination Guide.5
e. Each representation and warranty contained in the Lender'sWarranty is incorporated herein by reference and made a parthereof with respect to each loan purchased pursuant to the terms ofthis Agreement.f. Each of the foregoing representations and warranties of Lender arecontinuing and shall be deemed to have been made and shall betrue and correct as of the date of closing of each loan purchasedpursuant to the terms of this Agreement.g. Lender shall comply with all applicable federal, state and local laws.5.2 The Authority agrees that in the event of any breach of the foregoingrepresentations and warranties, Lender shall obtain the correction of such breach withinthirty (30) days after the earlier of (a) notice of such breach is given by the Authority to theLender; or (b) such breach is discovered by the Lender, and if any such breach materiallyand adversely affects any one or more of the loans, in the event that the Lender cannotobtain the correction of such breach within such thirty (30) day period, the Lender shallrepurchase the loan or loans affected by such breach from the Authority upon therequest of the Authority; in the event that the Authority elects to require the Lender topurchase such loans.ARTICLE VISTANDARD OF CARE6.1 Lender shall originate and administer the closing of the loans, and in sodoing shall exercise and use the same degree of skill and care as an experienced andprudent mortgagee would exercise and use under the circumstances in the conduct of itsown affairs and with respect to loans it originates for its own account and otherwise inaccordance with law and the guidelines described herein. In the event of any conflictbetween the Lender's customary practices and the standard of care required by thisAgreement, the higher standard shall prevail.ARTICLE VIIRELATIONSHIP OF THE PARTIES7.1 This Agreement does not constitute and shall not be construed asconstituting a partnership, joint venture, or employer/employee relationship between theAuthority and Lender, it being expressly understood that each party shall act as and bedeemed to be an independent contractor. Neither party shall have any right to obligate orbind the other in any manner whatsoever and nothing contained herein shall give, or isintended to give, any rights of any kind to any third person.6
ARTICLE VIIITERMINATION8.1 If, in the sole judgment of the Authority, Lender has failed to:(a)originate loans pursuant to the terms of this Agreement and the Origination Guide; (b)exercise proper quality control, documentation, and/or judgment in originating, processingor closing loans; (c) perform any duty or obligation of Lender to be performedpursuant to the terms of this Agreement or the Origination Guide; or (d) deposit funds withthe Authority for transfer to the trustee, the Authority may terminate this Agreementimmediately upon the giving of written notice to Lender. The right of the Authority toterminate hereunder shall not be affected in any way by the Authority's waiver or failure toact with respect to any previous default.8.2Either party may terminate this Agreement, without cause, upon thirty(30) days written notice to the other party.8.3 This Agreement shall terminate immediately upon the statutory insolvencyor bankruptcy of Lender.8.4 Upon the termination of this Agreement, Lender shall forward to theAuthority within thirty (30) days all loan documents, appraisals, insurance policies, creditand financial information and any other materials relating to all loans.ARTICLE IXREPURCHASE OF LOANS9.1 If in the sole judgment of the Authority, Lender has made amisrepresentation of material fact, or has breached representations made in theLender's Warranty, or has otherwise breached the terms of this Agreement or theOrigination Guide with respect to any loan originated by Lender, the Authority may tender,and Lender shall repurchase within ten (10) days of the Authority's written tender, theloan for an amount equal to the unpaid principal balance, plus accrued interest and anyreasonable expense, including legal expenses, incurred by the Authority on the loan.9.2 If a Lender does not obtain mortgage insurance as required by theOrigination Guide the Lender shall repurchase, or obtain the required mortgage insurancewithin ten (10) days of the Authority's written tender. The loans shall be repurchased foran amount equal to the unpaid principal balance, plus accrued interest and any reasonableexpenses incurred by the Authority on the loan. In addition, the Lender shall pay allexpenses, costs or damages incurred by the Authority resulting from the Lender failingto obtain mortgage insurance as required by the Origination Guide.9.3 If a Lender does not timely submit documents to the Authority upon theclosing of a loan according to the Origination Guide, the Lender at the sole discretion of theAuthority shall repurchase the loan within ten (10) days of the Authority's written tender ofthe loan for an amount equal to the unpaid principal balance, plus accrued interest and anyreasonable expenses incurred by the Authority on the loan.7
ARTICLE XLIMITATION OF LIABILITY10.1 The Authority shall have no obligations or liability under this Agreementexcept for the purchase price of mortgage loans. N
WHEDA Advantage Form 34b 4/16 . LOAN ORIGINATOR LOCATIONS . Company Name: Please list all locations in Wisconsin where a Mortgage Loan Originator is located and a potential borrower can have a mortgage application processed for a WHEDA Advantage Product. Email Address: Zip NMLS#: Email Address: Zip NMLS#: Email Address: Zip NMLS#:
a Preferred Lender a SBA Express Lender Export Express Lender Community Advantage Lender 6 ANDERSON COUNTY Community Trust Bank (SE) 2106 N Charles Seivers Blvd Clinton, TN 37716 Contact: Dorothy Franklin (865) 457-8684 www.cbti.com 727 Main Street Oliver Springs, TN 37840 .
Scenario Result Notes / Comments / Issues . I created a . test. USDA eAuthentication account and submitted my GUS LTE lender agreement to USDA for access to Lender Test Environment . Chose an item. All GUS LTE security adminstrators and testers have successfully be en setup with access to the USDA Lender Test Environment . Choose an item.
This case study examines the loan application process of one lender in detail, to shed light on the relationship between a lender’s organizational prac-tices and staff perceptions and its loan outcomes as reflected in its HMDA scores.1 While the results of a case study of one lender have no statistical gen-
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1. Applicant has applied for a loan from The First Bank of Greenwich ("Lender"). As part of the application process, Lender, any insurer of the loan and any collateral title insurer may verify information Applicant provided to Lender either before or after the loan is closed. 2.
Provide an update on the Paycheck Protection Program . deemed acceptable, the application is processed, the Paycheck Protection Program Agreement is entered into : SBA’s : CAFS system and the Lender is notified. PPP - New Lender Application Pr
Checklist für Diamond DA40 NG . Edition #: 17.3 Edition date: 15.04.2017. Please observe: The file you are receiving hereby combines all three sections of the checklist: Normal Checklist, Emergency Checklist and Abnormal Checklist. All pages of a new edition will have the same new "edition #" and "edition date", even if
Japanese teachers of the foreign language as specified by the supervisor and/or principal of the board of education and/or school. The following is a general outline of duties, though they may vary from one Contracting Organisation to another. (1) Assistance in foreign language classes, etc. taught in elementary, junior high and senior high schools. (2) Assistance in foreign language .
