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  • Submission Form - Symmetrylending.com

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Submission Form Date: Purpose: Purchase Refi StandaloneCollateral: Primary Residence 2nd HomeHow to Submit: 1. 3.2 Direct upload through broker portal with trailing submission documents through email.

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How to fill out the Submission Form - Symmetrylending.com online

Filling out the Submission Form for Symmetry Lending is an important step in the mortgage application process. This guide provides a clear and user-friendly approach to completing the form online, ensuring that you understand each section and its requirements.

Follow the steps to successfully complete the Submission Form

  1. Press the ‘Get Form’ button to access the Submission Form. This will allow you to open the form in an online editor.
  2. Begin by selecting the purpose of your loan request by checking the appropriate box: Purchase, Refinance, or Standalone.
  3. Indicate the type of collateral by checking either Primary Residence or Second Home.
  4. Fill in the primary borrower's name and email address in the designated fields. If there is a co-borrower, include their name and email address as well.
  5. Provide your mortgage company details, including the submitting mortgage company name, mortgage company name on the 1003 form, and the MLO name on the 1003 form. Make sure to include a contact phone number and email address.
  6. Enter your mortgage processor or loan officer assistant's name, along with their contact phone number and email.
  7. If submitted by a wholesale lender, specify the account executive’s information.
  8. In the loan request information section, specify the HELOC requested line amount, property value or purchase price, and the proposed or current first mortgage balance.
  9. Indicate the requested combined loan-to-value (CLTV) percentage.
  10. Fill in important dates, including the contingency date (if applicable), the date documents will be delivered to title or escrow, the initial draw amount requested, and the date you need clearance to close.
  11. As you complete the form, ensure to acknowledge that you are submitting the loan request with the consent of the identified borrower(s) by signing in the broker signature field.
  12. Review the list of items needed for initial submission to ensure all necessary documentation is prepared. This includes the 1003/1008 forms, tri-merge credit report, Symmetry authorization form, and applicable income documents.
  13. Submit any additional information required as soon as possible, including mortgage statements, proof of taxes, insurance, and HOA dues.
  14. After completing the form, you can save your changes, download, print, or share the form based on your needs.

Complete your Submission Form online today to streamline your mortgage process!

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In a piggyback loan, instead of financing a home purchase with a single mortgage, you're doing it with two, which you take out at the same time: one big loan and a second, smaller one (the piggy on the back, so to speak). The second loan essentially provides funds towards your down payment.

From application to approval and closing, getting a mortgage can take anywhere from 30 days to 60 days. However, some home purchases can take longer, depending on factors unique to the purchase transaction and the home loan processing time.

A Symmetry Lending Post-Close Piggyback HELOC is defined as any HELOC that will be subordinate to a 1st mortgage that was closed LESS than 120 days from time of submission to Symmetry Lending AND closed by Symmetry Lending WITHIN 150 days from date of the 1st mortgage closing.

And with turn-times averaging 7-10 business days, we remain true to our commitment to service, speed, and simplicity. Visit our Knowledge Center to view rates, guidelines, and instructions for submitting your Symmetry Concurrent Piggyback.

Symmetry Lending's Standalone HELOC offers a second mortgage solution to borrowers more than 120 days after closing on their first mortgage.

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