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July 6, 2011, Pricing Effective 4:50 P.M. EDT Correspondent Price Indication Sheet 48 Contiguous States AK, HI, VI 1 unit $$417,000625,500 2 units $$533,850800,775 3 units $$645,300650,000 4 units

How to fill out flagstar correspondent rate sheet

To fill out the flagstar correspondent rate sheet, follow these steps:

1. Start by entering the necessary identifying information at the top of the sheet, such as your name, contact details, and the date.
2. In the next section, record the loan details, including the loan amount, loan type, and loan purpose.
3. Proceed to enter the interest rate information. This includes the commitment period, lock period, and rate lock expiration date.
4. Next, provide information about any additional fees or charges associated with the loan. This may include origination fees, processing fees, or any other applicable expenses.
5. Enter the required borrower information, such as the borrower's name, address, and credit score.
6. In the following section, document any applicable credit or housing history for the loan.
7. Provide any necessary details regarding the loan structure, such as the loan term, repayment schedule, and any applicable interest rate adjustments.
8. Finally, review the completed rate sheet for accuracy, ensuring that all necessary information has been entered correctly.

As for who needs the flagstar correspondent rate sheet, it is typically used by mortgage industry professionals, such as loan officers, brokers, and correspondents. They rely on this rate sheet to track and document the terms and conditions associated with loan rates offered by Flagstar Bank.

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What is flagstar correspondent rate sheet?

The flagstar correspondent rate sheet is a document that contains the interest rates, fees, and terms offered by Flagstar Bank to its correspondent lenders for various mortgage loan products.

Who is required to file flagstar correspondent rate sheet?

Flagstar Bank is responsible for preparing and distributing the flagstar correspondent rate sheet to its correspondent lenders.

How to fill out flagstar correspondent rate sheet?

Correspondent lenders do not fill out the rate sheet. They review and use the rate sheet provided by Flagstar Bank to determine the rates and terms they will offer to their borrowers.

What is the purpose of flagstar correspondent rate sheet?

The purpose of the flagstar correspondent rate sheet is to inform and guide correspondent lenders about the interest rates, fees, and terms available to them for mortgage loan products, enabling them to make informed decisions.

What information must be reported on flagstar correspondent rate sheet?

The flagstar correspondent rate sheet typically includes information such as the interest rates, loan program names, applicable fees, points, lock periods, and any other relevant terms and conditions.