Emily B.

The lender offers both Remote Online Notarization (RON) and in-person notary closing services:Remote Online Notarization is available only in eligible locations/municipalitiesFor locations that req...

The lender uses automation to ensure each application complies with all eligibility requirements and underwriting guidelines.Once all validations have been completed, the file is manually quality-c...

1st lien HELOCs must have Hazard insurance to protect against loss or damage from fire and other hazards covered by the standard extended coverage endorsement. The coverage must provide for claims ...

For loans $25,000 to $350,000, the lender uses a Property Report from Stewart to confirm:Current grantee and grantorLast deed of record informationRecordable legal descriptionStatus of real estate ...

Inter vivos revocable trusts, also known as Living Trusts, are eligible for origination. The lender must obtain copies of the trust or trust certification and include them in the loan file. A revie...

Ownership must be fee simple or leasehold in name of individual(s) or inter vivos revocable trust.The following entities are prohibited:Limited Liability Company (LLC)CorporationPartnershipIrrevoca...

Properties currently listed for sale or listed within the last sixty (60) days are ineligible for a HELOC in the following states: DC, IL, IN, IA, LA, ME, NC, PA, RI, TN, TX, VT, WA

Properties with accessory dwelling units are eligibleNote: An ADU may not act as the subject property

The following are examples of unacceptable appraisal practices:Development of a valuation conclusion based either partially or completely on the race, color or national origin of either the prospec...

The Recertification of an existing appraisal is acceptable when the following requirements are met:Report has been completed within twelve (12) months of consummation dateCurrent appraisal provided...