Get Broker Application Checklist - Paramount Residential Mortgage Group - Prmg

Filling out the Broker Application Checklist for Paramount Residential Mortgage Group requires careful attention to detail. This guide offers step-by-step instructions to help users complete the form efficiently and accurately.

Follow the steps to complete the Broker Application Checklist online.

1. Click ‘Get Form’ button to access the Broker Application Checklist and open it in your preferred online editor.
2. Review the section entitled 'Items Required for Broker Approval.' Collect all necessary documents as listed, including the PRMG Broker Agreement, Articles of Incorporation, and other required certifications.
3. In the first section, ensure that you upload and attach the signed PRMG Broker Agreement, which must be dated and signed by an authorized individual within the organization, such as the President or CEO.
4. Fill in the ‘Company Formation’ field with your Articles of Incorporation or Articles of Organization for LLCs if applicable.
5. Submit a certified copy of the Corporate Resolution if applicable, ensuring it is signed by relevant officials.
6. Include resumes for principles, directors, and the broker of record to showcase qualifications and experience.
7. Complete the Authorization to Release Information Form (Credit Consent) and attach it alongside your broker's personal credit report, including a minimum of two bureaus with scores of at least 620.
8. Fill out and attach the IRS Form W-9, ensuring that your Taxpayer Identification Number is correct.
9. Prepare and submit a current balance sheet and profit & loss statement within the last 90 days to demonstrate the financial standing of your brokerage.
10. Attach the fully executed PRMG Broker Compensation Plan, marking the appropriate compensation selection.
11. If applicable, provide a copy of your Quality Control Procedures (QC Plan) and any anti-money laundering certifications.
12. For FHA and VA correspondents, complete any optional addendums as directed and collect additional required documents for approval.
13. Once all fields are fully completed and necessary attachments are secured, review the form for accuracy.
14. Save your changes in the editor. You should then proceed to download or print the completed form and share it as required.

Complete your Broker Application Checklist online to streamline your approval process with PRMG.