IL MSI FHA Underwriting Submission Checklist 2019-2025 free printable template
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Mailing Address Corporate Office: 502 N. Hershey Road Bloomington, IL 61704 Attn: Loan Underwriting Submission New underwriting submissions may be submitted through our online portal: www.fsmloans.biz.
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How to fill out IL MSI FHA Underwriting Submission Checklist
01
Gather necessary borrower information, including full names, addresses, and Social Security numbers.
02
Provide details of the loan, including loan amount, purpose, and type of financing.
03
Include property information such as address, type of dwelling, and year built.
04
Collect financial documents such as pay stubs, bank statements, and tax returns.
05
Complete the credit report section by obtaining a credit report for each borrower.
06
Fill out the employment history with accurate contact information for employers.
07
Review and attach any required legal documents such as divorce decrees or bankruptcy papers.
08
Sign and date the checklist, ensuring all information is accurate and complete.
Who needs IL MSI FHA Underwriting Submission Checklist?
01
Mortgage lenders processing FHA loans.
02
Underwriters assessing the borrower's financial qualifications.
03
Real estate agents assisting clients in the FHA loan process.
04
Borrowers applying for FHA loans to ensure required documentation is submitted.
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What is IL MSI FHA Underwriting Submission Checklist?
The IL MSI FHA Underwriting Submission Checklist is a document used by lenders to ensure that all necessary information and documentation are submitted for the underwriting of FHA-insured loans in the state of Illinois.
Who is required to file IL MSI FHA Underwriting Submission Checklist?
Any lender or mortgage company submitting an FHA loan application in Illinois is required to file the IL MSI FHA Underwriting Submission Checklist.
How to fill out IL MSI FHA Underwriting Submission Checklist?
To fill out the IL MSI FHA Underwriting Submission Checklist, lenders should gather all required documentation for the loan application, complete each section of the checklist by providing accurate information, and ensure all necessary signatures are obtained before submission.
What is the purpose of IL MSI FHA Underwriting Submission Checklist?
The purpose of the IL MSI FHA Underwriting Submission Checklist is to streamline the underwriting process by providing a clear and detailed outline of the required documents and information needed for FHA loan approval.
What information must be reported on IL MSI FHA Underwriting Submission Checklist?
The IL MSI FHA Underwriting Submission Checklist requires reporting of borrower information, loan details, property details, required documentation such as credit reports and income verification, and any other relevant information necessary for the underwriting process.
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