Correspondent Partner Guide - Wintrustmortgage.net

PARTNER GUIDE
U.S. Citizen – the borrower must have a valid social security number and
be a citizen of the United States or of a U.S. Possession or Territory.
Permanent Resident Alien – a permanent resident alien is a non‐U.S.
citizen who is legally able to maintain permanent residency in the United
States and holds a permanent resident card. Correspondent must verify
borrower has all of the following:
A valid and current permanent resident card “green card” (form I‐
551) see www.uscis.gov for more information.
Non‐Permanent Resident Alien – a non‐permanent resident alien is a
non‐U.S. Citizen who enters the United States for specific periods
(typically up to six years) under the terms of a Visa. A non‐permanent
resident status may or may not permit employment. Non‐permanent
resident aliens who are permitted employment and meet the guidelines
below, are only eligible for a primary residence or second home if the
product guidelines permit. Correspondent must verify borrower has all
of the following:
A valid social security number
Documentation to support that the Borrower is eligible to work in
the U.S. as evidenced by an unexpired Employment Authorization
Document (EAD) issued by United States Citizenship and
Immigrations Services (USCIS). For further information, see
www.uscis.gov
If the authorization for temporary residency status will expire
within one year and a prior history of residency status renewals
exists, continuation may be assumed. If there are no prior
renewals, the likelihood of renewal must be determined, based
on information from USCIS.
Borrowers sponsored by a specific employer do not need an
EAD. A valid passport, a letter from the employer/sponsor and
an I‐94 or I‐797 form proving they may work in the U.S. are
acceptable in lieu of the EAD.
A Social Security card may not be used as evidence of eligibility
of employment; the USCIS EAD must be used.
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