Get the free Wholesale Lock Request - Blue Point Mortgage

Email to lock requests bluepointmtg.com RATE LOCK REQUEST 15-day locks MUST be in final approved status. 30 day locks MUST be approved. 3pm PST cutoff. Account Executive Date Rate Sheet # Loan Officer

How to fill out wholesale lock request

How to fill out a wholesale lock request:

1. Gather all necessary information: Before filling out a wholesale lock request, make sure you have all the necessary information at hand. This may include the client's name, contact information, loan details, and any specific terms or conditions they require.
2. Identify the purpose: Determine the purpose for the wholesale lock request, whether it is for a new loan, refinancing, or any other specific transaction. This will help ensure that you provide the appropriate information and accurately meet the client's needs.
3. Complete the form: Fill out the wholesale lock request form with the required details. Pay attention to any fields marked as mandatory and provide accurate and up-to-date information. Double-check your entries for any errors or omissions to ensure the form is complete and accurate.
4. Review the terms and conditions: Take the time to carefully review the terms and conditions of the wholesale lock request. Understand the implications and obligations associated with the lock-in agreement, including any potential fees or penalties. If you have any questions or concerns, seek clarification from the appropriate parties before submitting the request.
5. Obtain necessary signatures: Depending on the procedures in place, you may need to obtain signatures from the client, relevant stakeholders, or authorized individuals. Ensure that all required signatures are obtained and valid, following any specific guidelines or protocols outlined by your institution or organization.
6. Submit the request: Once the wholesale lock request form is completed and signed, follow the designated procedures to submit it. This may involve delivering the form to the appropriate department, uploading it through an online portal, or sending it via email or fax.

Who needs a wholesale lock request?

A wholesale lock request is typically required by individuals or institutions involved in the mortgage industry. This may include mortgage brokers, loan officers, or lending institutions. The wholesale lock request allows them to request a lock-in agreement, which fixes the interest rate and terms of a loan for a specific period. This benefits both the borrower and lender by providing certainty and protection against potential interest rate fluctuations during the loan processing period.

For pdfFiller’s FAQs

What is wholesale lock request?

Wholesale lock request is a formal request to lock in wholesale prices for a certain product or service.

Who is required to file wholesale lock request?

Any business or individual looking to secure wholesale prices for a product or service is required to file a wholesale lock request.

How to fill out wholesale lock request?

To fill out a wholesale lock request, you must provide detailed information about the product or service, desired quantity, price range, and contact information.

What is the purpose of wholesale lock request?

The purpose of wholesale lock request is to secure fixed wholesale prices for a specific product or service to avoid price fluctuations.

What information must be reported on wholesale lock request?

On a wholesale lock request, you must report the product or service details, desired quantity, price range, and contact information.

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