This page is to be used as a resource for anything that may be needed to close loans.

Email us at [email protected]

Mortgagee Clause & Agency ID #'s

Pre-qualification Reviews

Mortgage Support can review ANY potential loan file.

Pre-qualification Request Form

Send an email to us with the complete 1003, credit report and AUS findings. Any additional information that is important to the review should also be sent with your email. We will review the information and provide you with a written prequal to assist you with discussions you have with your borrower.

Income Reviews -  Income Calculation Request Form

Mortgage Support will review ANY income situation to help determine the income that will be used for Qualifying or Annual income if USDA. Please send us the income documentation as it pertains to the borrower's situation.

Self Employed Borrowers (file Sch C, Sch E, or Sch F) - provide all pages of personal tax returns for the most recent 2 years. If a Sch E shows K-1 income/loss, provide the K-1's and business returns for the most recent 2 years.

**Due to COVID-19, additional documentation is needed for Self-Employed borrowers. Please review our most recent information on this topic.**

January 2021 Announcement

Sample P&L worksheet

Stability Income Review Worksheet*

P&L Analysis Worksheet*

SAM Cash Flow Analysis Worksheet*

*These worksheets are completed by Mortgage Support*

Wage Earner Borrowers - each situation is different but we do like to have paystubs, W-2's and an idea of the situation, please. It is very helpful to get a VOE, if available.   

Mortgage Support reviews & submits the grant requests to FHLB. The request from the LO for this grant should be made early in the loan process but after disclosing to the borrower.  

The forms needed to submit are:

Beneficiary Questionnaire - one per borrower/household member (must be signed)

Income Calculation Workbook- must include VOE or paystubs used to complete. If VOE, at least 1 paystub must be included. Award letters required if this is the income source. Self employed borrowers to provide 2 years tax returns and current YTD P&L. 

*Please email Mortgage Support for the most recently updated version of this workbook*

Certification of Tip Income - when applicable

Certification of Zero Income - when an applicant does not have any income to verify

All docs should be labeled according to the Reservation Document Checklist. Please include this checklist with your request and the required documents.  

If purchasing a 2-unit property, a lease agreement or appraisal with market value rents will be needed for submission.

Homebuyer Education to be completed through Framework or eHomeAmerica only. Please include cost of Homebuyer Education on the Loan Estimate to allow for reimbursement at closing to borrower. Click here for DPP Homebuyer Education & Counseling link.  

Effective 4/1/2019, all IBTS orders for Manufactured home certifications will be requested through Mortgage Support. To request your order, please use the order form below and send your request to Mortgage Support. Don't forget to disclose or re-disclose for this cost!

IBTS Man Home Certification Order Form

VA

How to Restore VA Entitlement

VA Entitlement Calculations

VA Funding Fee Chart

VA Non Allowable Fee Chart

VA High Balance & Jumbo Size Loans

How to Obtain a VA Builder ID

Mortgagebot & Support

How to start a file in Mortgagebot

How to Order MI in Mortgagebot

How and when to contact Mortgage Support

HOI, Flood, & Title

HOI & Flood Requirements

Title & Commitment Requirements

24 Month Chain of Title - Sample

Applying for a LOMA

Condo Information

Determining the Review Type for Conventional Condos

Documentation Needed for Condo Approval

Miscellaneous

How to Document Gift Funds

Escrow Repair Holdback Information

Letters of Explanation Guidance

Credit LOX Instructions

Divorce & Mortgages

How to Gross Up Fixed Income