Reverse It New Submission Checklist

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					                                         HECM Submission Checklist
    Reverseit/Wholesale U/W                                                                Admin Use Only
    9175 S. Yale Avenue, Suite 300                                       Rec'd Date & Time:
    Tulsa, Ok. 74137
    P: 918.477.7771
    F: 918.477.7343                                         Margin:
    Borrower(s):                                                                            Loan #:
    State:                                                                                  County:
    County Limit:                                                                           Verified on:

    Loan Officer License (Copy of current state license for LO who took Application)-REQUIRED!
    Insurance Binder
    Flood Certificate to Urban Financial Group
    Flood Insurance- if applicable
    FHA Connection- (Sponsor MUST show Urban Financial Group)
    Initial Application (1009) - (4 pages)
    Initial Application Addendum (HUD/VA addendum)                       PLEASE CHECK ALL THAT APPLY:
    Good Faith Estimate
    Required Providers Disclosure                                        Fixed            yes         no
    Total Annual Loan Cost Rate
    Amortization Schedule - Annual Projections                           Adjustable       yes         no
    Reverse Mortgage Comparison
    HECM Consumer Protection Against Excessive fees Disclosure           MFG Home:        yes         no
    Annuity disclosure
    HECM TIL- Important Terms Disclosure                                 POA:             yes         no
    Borrowers Certification and Authorization
    Borrower Notification                                                Trust:           yes         no
    Tax & Insurance Disclosure
    Servicing Transfer Disclosure Statement                              Life Estate:     yes         no
    Equal Credit/Fair Credit/Govn't Loans
    Right to Privacy and Bankruptcy Disclosure                           PUD/Condo:       yes         no
    Housing Discrimination of 1977 Disclosure
    State Specific Disclosures- if applicable                            HECM to HECM: yes            no
    Anti-Coercion Disclosure
    Notice of Availability of Appraisal                                  Short to Close:  yes         no
    Alternative Contact and Information Release Authorization
    Interthinx Authorization- (if no SSN verification available)         In a Flood Zone: yes         no
    Customer Identification - Patriot Act
    Reverse Mortgage Repair Acknowledgment
    Occupancy Certification
    Lead Based Paint Certification
    HECM Anti-Churning Disclosure -(REQUIRED for HECM to HECM refinances)
    HECM Refinance Worksheet - (REQUIRED for HECM to HECM refinances)
    Counseling Disclosure
    List of HUD Approved Counselors
    Counseling Certificate
    LDP print out
    GSA print out
    CAIVRS print out
    Credit Report - Tri-merge
    Social Security number verification
    Evidence of DOB
    Additional disclosures- (disclosures not on checklist, other companies disclosures, etc)
    VOD/Gift Letter - if applicable
    Attorney Opinion Letter & Copy of Trust Agreement (all pages, amendments) - if closing in a Trust
    Guardianship, Conservatorship, Power of Attorney - if closing with a POA
    Affiliated Business Arrangement Disclosure Statement - if applicable
    Ownership Interest Certification - if removing spouse/other party from title
    Certificate Regarding Hotel & Transient Use - if property is multi-unit
    Preliminary Title Report
    Last Vesting Deed- (Must include 24 months chain of Title)
    CPL and Wiring Instructions
    Repair Inspections/bids - if applicable
    Condominium documentation- FHA approved Condo ID or Spot Condo affidavit
    PLEASE TAKE NOTE OF OUR NEW SUBMISISON PROCESS AND MOST RECENT CHECKLIST
    AT http://reverseit.com/pages/our-process.asp (PLEASE CONTACT YOUR AE WITH ANY QUESTIONS).
Notes:

Company:                                                                                    Branch:

Processor:                                                                                  L. O.

Processor email address:

Processor phone number:

Account Executive:

				
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posted:8/9/2012
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