Get Redwood Exception Request Form

The Redwood Exception Request Form is a crucial document for submitting exception requests related to loans. This guide will assist you in navigating the online process to fill out and submit the form, ensuring that you provide all necessary information accurately.

Follow the steps to complete your Redwood Exception Request Form online.

1. Press the ‘Get Form’ button to access the Redwood Exception Request Form and open it in your document editor.
2. Enter the request date in the designated field. This should reflect the current date when you are submitting the request.
3. Provide the seller name and the Redwoods loan number in their respective fields. Ensure accurate entry for seamless processing.
4. Fill in the seller loan number and loan program. This information helps in identifying the specific loan tied to your exception request.
5. Input the borrower's name and the subject property address. Ensure spelling is correct to avoid delays.
6. Specify the loan purpose and the occupancy type in the provided fields.
7. Indicate the property type and detail whether it is a purchase, refinance, etc.
8. List the loan-to-value (LTV) and combined loan-to-value (CLTV) ratios along with the loan amount in dollars.
9. Enter the liquid and retirement post-closing reserves in the respective fields.
10. Provide the debt-to-income (DTI) ratio, ensuring that retirement funds are adjusted based on age accordingly.
11. Complete the total monthly income field and the credit scores for both the borrower and co-borrower.
12. Fill out the present and proposed housing payment fields, ensuring accuracy for effective assessment.
13. Specify the exception requested and list any compensating factors that support your request.
14. Complete the signature fields by entering your name, email, and phone number on behalf of the seller.
15. Review the information you have entered to confirm accuracy. Once satisfied, you can save changes, download, print, or share the form as needed.

Complete your Redwood Exception Request Form online today for prompt processing.