Rushmore Loan Management Services Form – Fill Out and Use This PDF

Checklist

We need the following documents in order to expedite your modification review:

All Borrowers:

A completed, signed, and dated Borrower Assistance Application from all obligated parties Most recent one (1) full month of paystubs; minimum of two consecutive paystubs for new employment

Most recent bank statement from all accounts, with all pages, for each borrower

Signed and dated federal tax return(s), with all schedules, for the most recent calendar year (If not required to file taxes, provide a signed and dated letter of explanation)

If applicable, most recent HOA statement to verify monthly Homeowners’ Association Dues Completed, signed, and dated IRS Form 4506T or 4506T-EZ

Non-Borrowers

If a non-borrower(s) contributes money towards the mortgage payment and/or household expenses:

Signed and dated letter from non-borrower(s) stating monthly contribution amount A letter of authorization to obtain a credit report on all contributing non-borrowers Proof of income to support contribution amount; see borrower income requirements Most recent bank statement, with all pages, for each contributing non-borrower

Additional documents for other sources of income:

If you are Self-Employed:

Signed and dated tax return(s), with all schedules and forms, for the most recent calendar year (1040s, and if Corporation or LLC, include 1120s, K-1s, and/or 1065s)

Last three (3) months or most recent quarterly, signed and dated, Profit and Loss Statement Last three (3) months business bank statements for the same period reflected on the Profit and Loss Statement

If you own rental properties:

Copy of all fully executed lease agreements

Most recent bank statement, with all pages, to verify rental income deposits (if unable to provide bank statements, please provide cancelled checks or Schedule E of recent tax return) Recent mortgage or payoff statements for all rental properties owned; if loans are not escrowed, provide property tax statement, homeowner’s insurance declaration page, and HOA statement, if applicable

Revised: 09/07/2018

If you receive Fixed Income (e.g. SSI, pension, long term disability, alimony, child support)

Award letter or benefit statement showing the amount, frequency, and duration of pay Most recent bank statement, with all pages, to verify deposits

If you receive Variable Income (e.g. seasonal income, school employees):

Evidence of the frequency and duration of pay, and documentation to support income received (e.g. Employment Contract, Letter of Explanation from Employer, along with paystubs and/or bank statements for the months worked)

In cases where a divorce or legal separation has occurred:

A copy of a divorce decree or legal separation filed/acknowledged with the Court A copy of a recorded Quit Claim Deed or Warranty Deed filed with the County

If your loan is not currently escrowed for property tax and/or hazard insurance:

A copy of the most recent property tax statement and/or hazard insurance declaration page

If you are reapplying due to a change in your circumstances:

A signed and dated letter of explanation and supporting documentation to outline your change in circumstance.

*Note: Any expenses disclosed must be validated with supporting documents (e.g. Alimony, Child Support, Liens, and Judgments)

If you have any questions or concerns regarding this checklist, please contact our office toll free at

1-888-504-7300, Monday through Thursday from 6:00am to 7:00pm, and Friday from 6:00am to 6:00pm Pacific Time.

Revised: 09/07/2018

This completed Borrower Assistance Application and all required documentation must be sent to one of the following locations:

Questions: Call us at 888-504-7300 M-Th 6:00 am PST to 7:00 pm PST or

F 6:00 am PST to 6:00 PST.

BORROWER ASSISTANCE APPLICATION

If you are experiencing a temporary or long-term hardship and need help, you must complete and submit this application along with other required documentation to be considered for available

options. You must disclose information about (1) your intentions to either keep or transition out of the property; (2) the property’s status; (3) bankruptcy; and (4) your credit counseling agency or

representative, if any.

You must disclose information about your income, expenses and assets. This application also lists the required income documentation that you must submit in support of your request for assistance. You must also complete the Hardship Affidavit in which you disclose the nature of your hardship. The Hardship Affidavit informs you of the required documentation that you must submit in support of your hardship claim.

When you sign and date this application you will make certain certifications, representations and agreements, including certifying that the information you provide in the application is accurate and truthful and that the identified hardship has contributed to your need for mortgage relief.

This application requires a completed and signed IRS Form 4506-T, the required income documentation, the required hardship documentation, a signed and completed Dodd-Frank Certification and, if applicable, a completed and signed Non-Borrower Contribution form

Loan Number: ______________________ (found on your monthly mortgage statement)