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 […]
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Latest News Category: Bulletin
Bulletin W14-015 - New States Added, Missouri and Ohio
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Topic included in Bulletin W14-015: Missouri and Ohio have been added as approved states, effective Monday, January 27, 2014 The following systems will be updated prior to Monday, January 27, […]
Bulletin W14-013 - Clarification, VA IRRRL Guidelines and Matrix
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Topic included in Bulletin W14-013: Update provided regarding VA IRRRL appraisal policy Bulletin reprinted in its entirety and clarification noted in red Guidelines and Matrix are published on the Intranet […]
Wholesale Locking Policy Under New QM Guidelines
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Locking Carrington Loans Under the New QM Guidelines IMPORTANT: When locking loans with submission dates of 1/10/2014 or later, the CMS underwriting fee is now included in your QM points […]
Bulletin W14-012 - Clarification, VA IRRRL Guidelines and Matrix
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Topic included in Bulletin W14-012: Clarification provided regarding VA IRRRL appraisal policy Bulletin reprinted in its entirety and clarification noted in red Guidelines and Matrix are published on the Intranet […]
Bulletin W14-011 - Approved Condominium Review Vendor
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Topic included in Bulletin W14-011: CMS has added InterIsland Mortgage Corporation as our primary condo review vendor Formal condominium review will be completed by Underwriter. List of required documentation for […]
Bulletin W14-008 - Update, Conventional Underwriting Guidelines and FHA Underwriting Guidelines
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Topic included in Bulletin W14-008: Conventional Underwriting Guidelines and FHA Underwriting Guidelines have been updated Updates include: Property Flipping Guidelines defined Property Flipping dates defined Clarification provided regarding HPML Appraisal […]
Bulletin W14-007 - Update, Policies and Procedures; Appraisal Management and Retail Appraisal Policy
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Topic included in Bulletin W14-007: Credit Policy and Underwriting Policy updated Updates include: Credit Policy QM Maximum Points and Fee Calculations ATR-QM Loan Ability to Repay Anti-Steering clarification Affordable and […]
Bulletin W14-005 - Update, Policies and Procedures; Appraisal Management and Retail Appraisal Policy
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Topic included in Bulletin W14-005: VA Underwriting Guideline, VA IRRRL Underwriting Guidelines and VA IRRRL Matrix updated Updates include: VA Underwriting Guidelines Clarification regarding Flipped Properties Flipped Property dates defined […]
Bulletin W14-003 - Update, Policies; Mortgage Lending Licensing Policy
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Topic included in Bulletin W14-003: The Mortgage Lending Licensing Policy and Branch Operations Policy have been updated Updates include: Mortgage Lending Policy CAIVRS required for all NMLS Branch Managers Update […]
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