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Get Afr Correspondent Submission & Fee Form - Afrwholesale.com
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How to fill out the Afr Correspondent Submission & Fee Form - AFRWholesale.com online
Filling out the Afr Correspondent Submission & Fee Form is a necessary step for users engaging in correspondent lending. This guide provides clear, step-by-step instructions to ensure proper completion of the form online, promoting a smooth submission process.
Follow the steps to successfully complete the Afr Correspondent Submission & Fee Form online.
- Press the ‘Get Form’ button to access the form and open it in your editor.
- Begin by providing the date of submission at the top of the form. Ensure it reflects the current date for accurate record-keeping.
- Select the premium level (Premium, Standard, Portfolio, or 203ks) relevant to your transaction. Note that 203ks can only submit as Correspondent.
- Input the AFR ID Code and broker/branch NMLS number if applicable.
- Fill in the transaction type, selecting from options such as Correspondent or Correspondent Delegated.
- Specify the loan amount, sales price, and appraised value. These figures are crucial for assessing the overall transaction.
- Provide detailed information about the loan purpose, specifying whether it is a purchase, refinance, or streamline, and indicate whether an appraisal is included.
- Complete the borrower and co-borrower sections, including names and contact emails, ensuring clear printing for proper disclosure delivery.
- List the required documentation that must accompany the submission, adhering to the specified order. Include all necessary reports and forms as indicated.
- Review all entries for accuracy, save changes, and finalize the form by downloading, printing, or sharing it as needed.
Complete your documents online today to ensure a seamless submission process.
A correspondent lender is a unique type of lender that originates, underwrites, and funds a mortgage loan using their name. The correspondent lender will then sell the loan to a larger mortgage lender, who becomes the loan servicer. The loan servicer will be the entity in charge of collecting the monthly payments.
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