Get Il Msi Fha Underwriting Submission Checklist 2019-2025

Filling out the IL MSI FHA Underwriting Submission Checklist is a crucial step in the loan underwriting process. This guide provides clear instructions to assist users in completing the checklist online, ensuring all necessary information is accurately submitted.

Follow the steps to successfully complete the checklist online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by providing your lender information. Fill in the lender name, lender ID number, processor details, loan officer information, and contact details such as phone number and fax number, along with the processor's email address.
3. Next, move to the borrower information section. Enter the borrower's name, subject property address, co-borrower's name, and city/state/zip code.
4. In the loan information section, input the estimated closing date, FHA case number, FSM loan number, loan amount, appraised value, sales price, and loan-to-value (LTV) ratio. Remember, an FSM loan number is required for processing.
5. Proceed to the U/W stacking order. Include only documents relevant to the loan being submitted. Make sure to upload your 1003 data into FSM’s website along with a fully completed underwriting submission checklist.
6. Attach necessary documentation including confirmations, credit reports, employment verifications, financial statements, and any other supporting documents as outlined in the checklist.
7. Review all fields to ensure the accuracy of the information provided. Note any specific requirements for disclosures as applicable to the loan and federal or state regulations.
8. Finally, once the form is fully completed and reviewed, you can save changes, download, print, or share the form as needed.

Complete your documents online and streamline your underwriting process today.