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Get Subordination Request Checklist - Keypoint Credit Union
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How to fill out the SUBORDINATION REQUEST CHECKLIST - KeyPoint Credit Union online
Filling out the Subordination Request Checklist for KeyPoint Credit Union is a straightforward process that requires careful attention to detail. This guide provides step-by-step instructions to help users complete the checklist accurately and efficiently.
Follow the steps to complete the Subordination Request Checklist effectively.
- Press the ‘Get Form’ button to access the checklist. This allows you to open the form and begin filling it out.
- Carefully read the checklist instructions. Ensure you understand all requirements and what documents are needed for submission.
- Begin with the first field by entering your typed application information (Form 1003). Make sure you include current details and provide the signatures of all borrowers.
- Complete the Transmittal Summary (Form 1008) to summarize your application information.
- Obtain and attach your preliminary title report. Ensure that any unsatisfied liens are cleared before submission.
- Include an appraisal report or an Automated Valuation Model (AVM) if applicable. Make sure you have the appraiser’s license information ready.
- If applicable, provide the promissory note or describe the product associated with your new first mortgage, especially if it involves an adjustable-rate mortgage (ARM).
- Prepare the Subordination Agreement as required, ensuring it includes details about the subordination amount and the recipient. Additionally, confirm that the notary page is compliant with California notary regulations.
- If you are applying for a cash-out refinance, add the most recent paycheck stubs for all applicants and the last two years of signed tax returns for self-employed individuals or those with rental income.
- Include a prepaid return envelope (FedEx or UPS) to expedite the process, providing your own billing number if overnight mailing is requested.
- Prepare a check for $200.00 made out to KeyPoint Credit Union or provide authorization for direct deduction from your KeyPoint Credit Union account.
- Finally, review all entries for accuracy. Save your changes, download a copy, or print the completed form for your records. Then, submit the checklist and all documents to KeyPoint Credit Union.
Get started by filling out the Subordination Request Checklist online today.
To obtain a subordination agreement, you'll generally need specific documentation such as proof of existing loans and property information. KeyPoint Credit Union requires this information to evaluate your request accurately. For detailed guidance, consult our SUBORDINATION REQUEST CHECKLIST - KeyPoint Credit Union, which outlines all necessary steps and requirements.
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