Broker Agreement Version 2012 at a glance
What it is: Broker Agreement Version 2012 is the application to join the United Wholesale Mortgage Broker network.
Who signs: Sign on the Broker/Owner/Corporate Officer Signature line and enter the Date. Broker agreement - fully executed and dated. Remember to initial pages 1-13 and sign page 14.
What to bring and attach to Broker Agreement Version 2012
Broker documents - with your application and agreement, please complete the Authorization Release form, and one of the Resolution documents.
Errors & omissions and fidelity bond insurance - if you have a current E&O policy or a fidelity bond in effect, please provide a copy of the policy or declaration page.
Resumes for owners, principals and key employees - please provide a resume for each principal owner, majority stockholder (persons with 10% or more of the corporate stock issued) and key staff members whose experience and knowledge is relied upon to run daily operations of your loan brokerage business.
W-9 request for Taxpayer ID number - complete a W-9 with all required information. Current financial statements - include copies of your most recent financial statements covering a two year period, certified by a Principal or Chief Financial Officer.
Quality control plan - a copy of your company's quality control plan.
Articles of incorporation/organization or operating agreement - include copies of your current articles of incorporation, organization or operating agreement. If doing business using a dba, trade name or fictitious name, please provide the filings. Names must match the application and license(s)/NMLS.
Professional licenses - if your state license is not required to be on NMLS yet, please provide it.
Contact List - all employees and/or sales contact for corporate as well as any branch offices.
A filled-in Broker Agreement Version 2012 example: a broker fills in the company information
How to fill out Broker Agreement Version 2012, box by box
Company/Broker information (main office or parent company)
Enter the Business Name and check one: Sole Proprietor, Partnership, Corporation, LLC, LLP or LTP.
Enter the Doing Business As, Street Address, City, State, Zip, County, Phone, Fax and Email Address.
More rules for Broker Agreement Version 2012
Enter the Broker(S) Name(S), Broker SSN's, how long your company has been originating loans, the Broker Office Contact and Phone Number, the Date Incorporated, County, State, Federal ID Number and, if no Federal ID Number, SSN, with the Company NMLS#.
Under LICENSE/APPROVAL, enter the Broker Name License Was Issued To, License Number, Date Issued, Expiration Date, Home Address of Broker, Phone Number and Email.
If approved by any of these entities, the following information is required: FHA/HUD No, Fannie Mae No., Veterans Affairs No and Freddie Mac No., each with its Date Approved.
For each of the PRINCIPALS, enter the Name, Title, Phone No., %Owned, Date of Birth, E-Mail, Residence Address and Fax No.
Broker application - complete all pages and be sure to sign the Lender References page.
Under ORIGINATION AND PROCESSING METHOD (CHECK ONE), check the Origination method, Internet Leads or Traditional Originations, and the Processing method, In-House or Outsource.
Under TECHNOLOGY RESOURCES, enter what processing software you use (include name and version). Do you currently use Fannie Mae's Desktop Underwriter to approve Loans? Do you currently use Freddie Mac's Loan Prospector?
Under BRANCH OFFICES (IF ADDITIONAL BRANCHES, PLEASE USE ADDITIONAL PAGE), enter the states you are currently licensed to do business in and list all branches in every state you are currently licensed in.
Under LOAN PRODUCTION, enter the Prior 12 Months Funding Volume and Average Loan Amount for Government, Conventional, Jumbo, Sub-Prime and 2nd Trust Deeds, and the Prior 12 Months Percent for Government, Conventional, Jumbo and Sub-Prime.
Under CONTACT INFORMATION, enter the NAME, EMAIL and PHONE for Processing, Secondary, Underwriting, Shipping, Funding, Servicing and Accounting.
Under WAREHOUSE/CREDIT LENDERS, enter the NAME, AMOUNT and RENEWAL DATE.
Under Wire Transfer Information, enter the Wire to Bank Name, Address, City, State, Zip, ABA Number, Account Number, Account Name, Contact Name and Phone Number.
Enter the LENDER NAME, PHONE NUMBER, TITLE and CONTACT PERSON under LENDER REFERENCES, and the COMPANY NAME, PHONE NUMBER, TYPE OF BUSINESS and PERCENT OWNERSHIP under AFFILIATED COMPANIES.
Under DISCLOSURES/DUE DILIGENCE, if yes, please provide explanation.
For questions, please contact your UWM Account Executive at (800) 981-8898.
If your situation is different
Broker agreement
Any changes to the agreement will not be accepted.
Resolution documents
The Resolution documents are the Written Consent of the Board of Directors, the Written Consent of the Members or Managers, the Written Consent of the Partners and the Written Consent of the Sole Proprietor.
FHA Sponsorship
Complete the included FHA Sponsorship form.
Forward this completed form to BrokerAdmin@uwm.com.
Lender Paid Compensation Agreement
Complete the included Lender Paid Compensation Agreement.
For new Brokers this form must be sent in with your UWM Broker Package.
Before you go
Complete and sign your Broker Application and Agreement. Review the Application Submission Checklist. For each item that applies to your business, please provide the documentation or information requested.
A complete application and supporting documentation will assure a faster approval.
Common questions about Broker Agreement Version 2012
Where do I file it?
Send your completed package to: United Wholesale Mortgage, 555 South Adams Road, Birmingham, MI 48009, Attention To Your UWM Account Executive.
Sources
[1] United Wholesale Mortgage Broker Agreement Version 2012 (the served file; no issuer file found) (the Official source link on this page).
