Bulletin W14-014 - Third Party Attestation Requirements

Topic included in Bulletin W14-014:

• A broker may use a Third Party Processing Company when the broker’s compensation does not include the addition of the $695 fee
• This is allowed on both Lender and Borrower paid compensation
• When the broker uses a Third Party Processing Company, the following are required:
  • Third Party Processing Attestation
  • Copy of Third Party Processing Company’s NMLS License
  • Itemized Invoice for services performed by the Third Party Processing Company
• Documents will be uploaded to the system and labeled “Third Party Processing Attestation and Supporting Documents”
• This is a loan level condition and will be required on all loans using a Third Party Processing Company
• The form, Third Party Processing Attestation is posted on the website for the brokers and the Intranet for Associates

Download: Bulletin - W14-014 (PDF)