Get Loan Submission Checklist - Newfi Wholesale

This guide provides a step-by-step approach to completing the Loan Submission Checklist for Newfi Wholesale online. It is designed to assist users with various levels of experience in filling out this important loan documentation accurately and efficiently.

Follow the steps to effectively complete the checklist online.

1. Press the ‘Get Form’ button to obtain the Loan Submission Checklist form and access it in your preferred editing tool.
2. Begin by entering the borrower's name and loan number in the designated fields at the top of the form.
3. Complete the cover letter section, providing any relevant information that the loan department needs to know about the loan.
4. Review the list of required items for the initial credit file. Ensure that each applicable item is checked before proceeding.
5. For items specific to certain states, ensure you include the corresponding disclosures as required, such as the Anti-Steering Disclosure for LPC transactions and the Affiliated Business Arrangement Disclosure.
6. If the borrower is a W2 employee, gather and attach the necessary documentation including a recent pay stub, W2 forms, and prior tax returns.
7. For self-employed individuals, check the box for 1-year income findings if applicable, and attach the requisite tax documents.
8. Ensure to provide documentation for assets, including sources of funds for purchase and reserves on NOO transactions.
9. For purchase transactions, include the completed signed purchase contract along with the Purchase Contact Sheet if required.
10. Gather any additional required documents such as insurance declarations, tax bills, or title reports if applicable.
11. After filling out all necessary sections and verifying the completeness, save your changes, and download or print the form for submission.

Complete your loan submission checklist online today for a streamlined process.