Wells Fargo Home Mortgage, Standard Submission Form
The Wells Fargo Client ID#, SS#, and U/W selection must be provided to register a loan. Please print clearly. Missing, Inaccurate or Illegible information could jeopardize your price code protection.
Pricing Dept Fax: (866) 831-0588 Phone: (866) 350-5698
Home Opportunities Loans should be delivered to:
4820 West Wabash Ave. ATTN: Receiving, MAC X2803-016 Springfield, IL 62711
Wells AE: Loan #: Client Information Client ID#: Tablefund ID# (state applicable): Broker Name: Broker Contact: Broker Email: Broker Address: City: State: Phone #: Fax #: Borrower’s Information Primary Borrower: SS#: Subject Property Address: City: State: County: Zip Code:
Borrower's Information (cont.) Borrower's Present Mailing Address: City: State: Zip: Co-Borrower #1: SS#: Co-Borrower #2: SS#: Sale Price/Market Value: $ Loan Amount: $ LTV: % 2nd Line Bal./Line Limit: $ 2nd Loan Bal: $ TLTV: % CLTV: FICO Score: Self-Employed Borrower
%
In order to comply with Federal Regulations, the applicant present at the time of the interview provided authority to apply for joint credit on behalf of the applicants who were not present or on the phone. LO Signature: Program: RELO LP LP A-MINUS DU DAP Amt: $ Tracking # Underwritten by WFHM Contract Underwritten SIMO 1ST/2ND (complete HE box below)
Underwriting Selection (You MUST choose one):
Delivery Period: If lock period is not indicated, Wells Fargo will Pricing Information: assume “Float” “Float/Play” 90 Day Lock* 240 Day Lock* Price Code: 15 Day Lock 120 Day Lock* 270 Day Lock* 30 Day Lock 150 Day Lock* 300 Day Lock* 45 Day Lock 180 Day Lock* 330 Day Lock* 1st Mortgage Interest Rate: 60 Day Lock 210 Day Lock* 360 Day Lock* Please contact Priceline if you do not receive a lock WF Discount Fee/Cost: confirmation within 24 hrs. (Cost charged by WF) *There is an upfront, nonrefundable fee for locks over 60 days. (Per rate sheet) Collect Escrow? No Yes Processing Program Property Type Standard/Full Documentation Single-Family VOA Multi-family 2 3 4 Streamline (R/T Only) Condo Low High FHLMC Owned Streamline Refinance PUD Attached Co-op Purpose of Loan Purchase Refinance(R/T) Year Acquired Refinance(C/O) Year Acquired **Reason for cash out required** FHA Payoff Special Programs Freddie Mac 100 Home Opportunities Flex 97 / Alt 97 35% MI Mortgage Express Other: Occupancy Status Primary Second Home Investor
Loan Origination Fee: (not to exceed 3% of loan amt.) % Broker Discount Fee: (Table Fund/Concurrent Clients only)
% % %
% Mortgage Broker Compensation*:
Waiver Fee Paid by: Borrower MBC Seller Loan Type Conforming Non-Conforming Government ( FHA VA) Rural Housing (Traditional Only) Product Fixed 40 year Fixed 10 year Fixed 30 year Fixed 15 year Fixed 20 year Fixed 30 (40 yr amortization) 6 Month LIBOR 5/1 LIBOR (40 year amortization) 1 Yr LIBOR ARM 3/1 LIBOR ARM 5/1 LIBOR ARM 7/1 LIBOR ARM 10/1 LIBOR ARM Interest Only* Term *All Interest Only programs must have the term specified. See guidelines for term options. ARM Margins 1.75 (not available on 1/1 ARM) 2.00 2.25 Disclosure Required on all Loans GFE (prepared within 3 business days of app) Mortgage Broker Fee Disclosure FACTA Disclosure – Tablefund loans (separate for each borrower) TIL (Purchase O/O- prepared within 3 days of application). Effective 11/1 -Tablefunded loans only. Applicable State Disclosures Accurate ARM disclosure/CHARM Acknowledgement(when applicable) Mortgage Insurance Lender Paid MI (Premium Pricing) Zero Upfront Monthly Temporary Buydown Option 3/2/1 Option 2/1 Lender Funded Third Party Funded Buyer Seller Builder
18% MI
Wells Fargo Home Equity (HE) Registration (if submitting 1st & 2nd mortgage concurrently – Separate 1003 Not Required)
HE Product HELOAN – Term:
5 Year 25 Year 7 Year 30/15 10 Year 30/10 15 Year 30/5 20 Year Rate: (include all adjusters) HELOC - Index: Margin: Interest Only 10 Year With Balloon Interest Only 10 Year With 20 Year Repay Draw Amount at Closing: $ Fixed Rate Advance Option (FRAO) Yes No Complete the fields below only if FRAO = Yes Interest Only FRAO? Yes No FRAO – Draw Amount at Closing: $ FRAO Rate: FRAO Term: You may request a term in ANY of the following increments: $10,000 - $19,999 (5 – 15 Years) $20,000 - $49,999 (5 – 30 Years) $50,000 + (7 – 30 Years) Interest Only (1-10 Years)
Complete for ALL Home Equity Products Home Equity Transaction Amount: $ HE Doc Type: Full Rebate: % Discount: % Loan Origination Fee (2nd): Decision FICO: Buy out Prepay HELOC Credit Card Access Vesting in a Trust POA Used at Signing ACH
June 2008