Emm Wholesale Submission Form PDF Details

When navigating the world of mortgage lending, the EMM Wholesale Submission Form is an essential document for brokers aiming to submit loan applications effectively. With sections meticulously detailing broker information, borrower specifics, and comprehensive property insights, this form is structured to streamline the loan submission process to E Mortgage Management, LLC (EMM). From the outset, it requires the submission date and account executive details, moving on to necessitate exhaustive information ranging from the company's name and NMLS number to borrower email and property type. Transaction information, covering loan amounts, loan-to-value (LTV) ratios, and compensation types, further augments its thoroughness. The form distinguishes between requirements for EMM disclosures and those needed for underwriting submission, incorporating various necessities such as disclosure packages, underwriting credit packages, and government documentation for FHA, VA, and USDA loans. The requisite initial Good Faith Estimate (GFE) submission by brokers, within three days of application, underscores EMM's commitment to compliance and borrower protection. This document not only facilitates a comprehensive view of the applicant's financial and property information but also aligns with regulatory standards to ensure both parties are well-informed and compliant throughout the lending process.

QuestionAnswer
Form NameEmm Wholesale Submission Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesemm wholesale mortgage, emmwholesale com, emmwholesale, emm wholesale online

Form Preview Example

EMM WHOLESALE SUBMISSION FORM

Submission Date:

Account Executive:

Disclosures Only

 

Full Submission

 

 

 

 

 

 

 

BROKER INFORMATION

 

 

 

 

 

Company Name:

 

 

 

NMLS #:

 

 

 

 

 

 

 

MLO Name:

Phone:

 

Email:

 

 

 

 

 

 

Processor Name:

Phone:

 

Email:

 

 

 

 

 

 

 

BORROWER INFORMATION

Borrower:

Co-Borrower:

Borrower Email:

Co-Borrower Email:

PROPERTY INFORMATION

Property Address:

 

Property Type: SFR

PUD 2 Unit 3-4 Unit Condo

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated/Appraised Value: $

 

 

 

 

 

Sales Price: $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TRANSACTION INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Amount: $

 

 

 

LTV:

 

 

 

Escrow/Impounds: Yes

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subordinate Financing: $

 

 

 

 

CLTV:

 

 

Compensation: Lender Paid Borrower Paid

 

 

 

 

 

 

 

 

 

 

 

 

Purpose: Purchase Refi Rate/Term Refi Cash Out

Streamline

 

DO Submitted: Yes No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Occupancy: Primary

2nd Home Investment

 

 

 

 

 

 

 

 

DO Case File #:

 

Product Type: Conventional

FHA

VA

Jumbo

DU Refi Plus

USDA

 

Interest Only

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Type: Fixed: 30 Yr

20 Yr

15 Yr

10 Yr

 

 

ARM:

10/1 7/1

5/1 3/1

 

 

 

 

 

 

 

 

 

 

REQUIRED FOR EMM DISCLOSURES

 

 

 

 

 

 

REQUIRED FOR UNDERWRITING SUBMISSION

 

• Upload a Fannie Mae 3.2 Data File to the EMM Wholesale

 

 

 

 

• All Requirements for Disclosures

 

website

 

 

 

 

 

 

 

 

 

 

 

• Transmittal Summary: 1008 / FHA 92900LT / VA 26-6393

 

• Upload a Disclosure Submission Package, including the

 

 

 

 

Copy of photo identification

 

following-

 

 

 

 

 

 

 

 

 

 

 

Underwriting Credit Package-

 

O Loan Submission Form (EMM Form Required)

 

 

 

 

 

- Credit Report and supporting documents, letters of

 

O Broker Disclosure Package

 

 

 

 

 

 

 

 

 

 

 

explanation

 

 

 

- Completed 1003, Signed and Dated (face to face must

 

 

- DO Findings (if DO is required)

 

have a borrower signature)

 

 

 

 

 

 

 

 

 

 

-

Income Documentation

 

- Broker’s Initial Good Faith Estimate (properly executed,

 

 

-

Asset Documentation

 

per RESPA)

 

 

 

 

 

 

 

 

 

 

 

 

- Purchase Contract with all Counteroffers and Addenda,

 

- Borrower’s Intent to Proceed, signed

 

 

 

 

 

 

 

signed by all

 

 

 

- Anti-Steering/Safe Harbor Certification- Lender Paid only

 

Preliminary Title Report (ok to trail)

 

(EMM Form Required)

 

 

 

 

 

 

 

 

 

• Appraisal - if required (ok to trail)

 

- Broker Truth in Lending

 

 

 

 

 

 

 

 

 

• Any additional required State and Federal Disclosures

 

- Mortgage Broker Fee Agreement (must match initial

 

 

 

 

Signed SSA-89 form

 

GFE)

 

 

 

 

 

 

 

 

 

 

 

Signed 4506-T form

 

- Settlement Service Provider Worksheet (EMM Form

 

 

 

 

• Affiliated Business Disclosure – if applicable

 

Available)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

• Borrower’s Authorization and Certification

 

- Itemized Fee Worksheet (EMM Form Available)

 

 

 

 

 

 

 

 

 

Broker ECOA Notice

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FHA, VA and USDA Documents – See Government Submission

 

Broker Patriot Act Disclosure

 

Requirements

 

 

 

 

 

 

 

 

 

 

 

• Broker FACT Act Disclosure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FHA, VA and USDA Documents – See Government

 

 

 

 

 

 

 

 

 

 

 

 

 

Submission Requirements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Broker is responsible for providing the initial GFE to the borrower(s) within three business days of the application date. Broker’s initial GFE is binding;

EMM will reject any GFE that is not in compliance. Once EMM has accepted a loan file, only EMM may issue a revised GFE.

GOVERNMENT SUBMISSION REQUIREMENTS

REQUIRED FOR FHA UNDERWRITING

REQUIRED FOR VA UNDERWRITING

SUBMISSION

SUBMISSION

• SS Card or evidence of Social Security Number

• SS Card or evidence of Social Security Number

FHA Required Documents

• VA Required Documents

 

- Addendum to the 1003 (92900A)

- 26-1802 Addendum to 1003

 

- 26-1805 VA Case number assignment

 

- Important Notice to Homebuyers (92900B)

 

-

Certificate of Eligibility (not required for IRRRL)

 

- For your protection: Get a home inspection

 

-

26-1880 Request for Eligibility

 

- Informed Consumer Choice disclosure

 

-

Borrower Letters – Child case letter, nearest

 

 

 

 

- Notice to Homeowner – assumption notice

 

living relative statement, military status

FHA Purchase Documents

 

statement

 

- Signed Real Estate Certification

- Borrower Questionnaires – Debt questionnaire,

 

 

Disability questionnaire

 

-

Amendatory Clause

 

 

-

26-0503 Federal Collection Policy

• FHA Streamline Required Documents

-

Funding Fee disclosure/certification

 

- Previous FHA Case #

 

-

Interest Rate and Discount Point disclosure

 

 

 

 

-

Copy of current Promissory Note

-

26-0592 Counseling Checklist for military

 

-

Current Payoff Demand

 

homebuyers

 

-

Estimated HUD-1

- Rights of VA Borrowers – Assumption Notice

 

- For your protection – get a home inspection

 

-

Payoff statement

 

• VA Purchase Required Documents

 

 

 

 

 

 

- Signed Real Estate Certification & Amendatory

 

 

 

 

Clause (Addendum to sales contract)

 

 

 

• VA IRRRL Required Documents

 

 

 

-

Current Payoff Demand

 

 

 

-

IRRRL Worksheet

 

 

 

- Copy of current promissory note

 

 

 

- Previous case number printout, including

 

 

 

 

Previous Loan Value (PLV)

REQUIRED FOR USDA UNDERWRITING SUBMISSION

1980-21

Loan Eligibility (location)

This document is intended for use by E Mortgage Management, LLC and its business partners only. It may not be disseminated without express,

written consent of E Mortgage Management, LLC. EMM Wholesale Lending is a division of E Mortgage Management, LLC.

© 2013 – E Mortgage Management, LLC

NMLS #2926

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