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Correspondent Closed Loan Submission Form Borrower SPM Loan #:Date:Correspondent Name:Correspondent Contact:___Correspondent Phone:Correspondent email:Fulfillment, if applicable:___ Fulfillment contact:_

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How to fill out non-delegated correspondent loan submission

01

Gather all necessary documents and information required for the loan submission.

02

Fill out the loan submission form completely and accurately, making sure to provide all requested details.

03

Double-check the form for any errors or missing information before submitting it.

04

Submit the completed loan submission to the appropriate department or lender as instructed.

Who needs non-delegated correspondent loan submission?

01

Mortgage brokers or loan officers who are working with borrowers that do not meet the eligibility requirements of delegated underwriting programs may need to submit a non-delegated correspondent loan submission.

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What is non-delegated correspondent loan submission?

Non-delegated correspondent loan submission is a process where a correspondent lender submits a loan file to an investor for underwriting and funding, instead of relying on a delegated underwriting authority.

Who is required to file non-delegated correspondent loan submission?

Correspondent lenders who do not have delegated underwriting authority are required to file non-delegated correspondent loan submissions.

How to fill out non-delegated correspondent loan submission?

Non-delegated correspondent loan submissions can be filled out by providing all required loan documentation to the investor for underwriting and funding.

What is the purpose of non-delegated correspondent loan submission?

The purpose of non-delegated correspondent loan submission is to ensure that the loan meets the investor's underwriting guidelines and to obtain funding for the loan.

What information must be reported on non-delegated correspondent loan submission?

Non-delegated correspondent loan submissions must include all relevant loan documentation, borrower information, property details, and any other information required by the investor.

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