Get Becu Subordination

Filling out the Becu Subordination form online can help streamline your loan process and ensure that your request is processed efficiently. This guide provides clear, step-by-step instructions tailored to help users understand each section of the form and successfully submit their request.

Follow the steps to complete the Becu Subordination form online.

1. Press the ‘Get Form’ button to access the Becu Subordination form. This will allow you to download and open the document for completion.
2. Enter the Becu loan number in the designated field. This is essential for identifying your existing loan.
3. Fill out the borrower and co-borrower names as they appear on your loan documents. Ensure that the spelling is accurate.
4. Provide the property address. This should include the full address where the property is located.
5. Identify the requesting mortgage lender or broker, and ensure they complete and submit the form to Becu.
6. A subordination fee of $100 is required. Provide your member’s deposit account number on page 2 to debit this fee. Remember that this fee is non-refundable and must be paid prior to review.
7. On page 2, ensure that the borrower signs the authorization for subordination.
8. Compile all required documents including the commitment letter or loan approval, a copy of the loan application showing the new mortgage amount, a copy of the preliminary title search, and a copy of the current property value.
9. If you intend to cash out, indicate the cash out amount and reason for cash out. Additionally, provide a copy of your credit report, tax returns, pay stubs, and W-2 forms.
10. Obtain a pre-paid overnight mailing label or include your FedEx or UPS account number. Ensure this is included in your request package.
11. Once you have completed the form and compiled the required documents, send the completed request package to Subordination@BECU.org or fax it to (206) 835-8094. Do not mail your request package.
12. Finally, save your changes, download, print, or share the completed form as needed.

Complete your Becu Subordination request online for a smoother loan processing experience.