Get Loan Submission Form - Normandy

This guide will help you understand how to accurately complete the Loan Submission Form - Normandy online. By following these steps, you will ensure that all necessary information is submitted correctly and in a timely manner.

Follow the steps to effectively complete the form.

1. Click ‘Get Form’ button to obtain the Loan Submission Form - Normandy and open it in your preferred document editor.
2. Begin by entering your personal information in the Broker section. Provide your name, NMLS number, company name, company NMLS number, phone number, fax number, and email address. This information is crucial for accurate identification and communication.
3. Indicate your preferred compensation type for the loan. Choose either 'Borrower Paid' or 'Lender Paid', ensuring to specify the percentage. Remember that the maximum allowable fee is 2.50% for both options.
4. Next, complete the Loan Summary section. Detail the Loan Amount, Borrower(s) name(s), and Guarantor(s) name(s). Make sure all names are spelled correctly to avoid potential issues.
5. Fill in the Subject Property Address. Clearly distinguish between residential and commercial properties by checking the appropriate boxes.
6. Input the Purchase Price of the Land, Lot Size, and the Acquired or Anticipated Date. If a subdivision map is completed, indicate this as well.
7. Provide information on Mid FICO scores, the number of approved lots, total cost of improvements, and the estimated value of improved lots upon completion.
8. Disclose any existing liens on the land and whether all building permits have been issued. Indicate the expected start date and completion date for the project.
9. Regarding the bond requirement, confirm if one is needed. If 'No', specify when it will be required.
10. State whether the builder is licensed and if lots have been pre-sold. If applicable, include the sale price and the number sold.
11. In the Additional Comments section, feel free to provide any other relevant information that may assist in the loan evaluation.
12. Finally, save the changed document. You can download, print, or share the completed Loan Submission Form - Normandy as necessary.

Start completing your Loan Submission Form - Normandy online today for a streamlined application process.