Get Subordination Agreement

Filling out the Subordination Agreement is an important step for those holding a lien position that is superior to the lien to be filed by Nationstar Mortgage. This guide will provide you with straightforward instructions to effectively complete the form online.

Follow the steps to fill out your Subordination Agreement with ease.

1. Press the ‘Get Form’ button to access the Subordination Agreement form and open it in your online editor.
2. In the upper right-hand corner, enter the loan number associated with the mortgage to ensure proper identification.
3. For the property description, use the exact legal description as stated on the title commitment. If it is lengthy, write 'See Exhibit A attached' in the form and attach the corresponding document labeled 'Exhibit A' to the agreement.
4. Ensure that both the loan amount and the date of the loan are accurate before completing these sections. Only fill this out after finalizing the details of the loan.
5. Once you have completed the agreement, submit the Subordination Agreement along with the necessary documentation to the appropriate Underwriting Manager for review, which includes the portion of the title commitment describing the lien to be subordinated and the legal description of the property.
6. Remember that most changes made to the Subordination Agreement will necessitate a revised agreement from the subordinating lienholder. It is advisable to secure their approval before obtaining their signature.
7. If any lenders or entities require their own agreements to be used, these must also be reviewed by the Legal department of Nationstar Mortgage before proceeding.
8. To facilitate the review, provide your name, phone number, and fax number on the cover sheet when submitting any documents to the Legal department. Expect a reasonable amount of time for the review process.
9. Upon completion, you can save changes to the form, download it, print it out for your records, or share it with relevant parties as required.

Complete and manage your documents online for a smoother process.