Correspondent Partner Guide - Wintrustmortgage.net

PARTNER GUIDE
MORTGAGE considers a complete package one that contains an “Original”
Note, files will still be reviewed if the Note does not arrive the same day
as the closed loan package. Correspondents must request the original
Note be delivered to WINTRUST MORTGAGE as quickly as possible.
Correspondents should pay close attention to delivery deadlines when
there is a holiday and/or weekend near your disbursement date.
WINTRUST MORTGAGE does not purchase “seasoned” loans.
File Delivery
All Collateral (Original Note) packages are to be delivered to:
Wintrust Mortgage
ATTN: CORRESPONDENT OPERATIONS
9700 W. Higgins Road, Suite 300
Rosemont, IL 60018
Pre‐ and Post‐Purchase Reviews
WINTRUST MORTGAGE will perform reviews on loans delivered for
purchase. These reviews can be pre‐purchase (done before a decision to
purchase the loan is made) or post‐purchase (done after the loan is
purchased). The review selection is weighted to loans identified as
having higher risk characteristics.
With respect to these reviews, WINTRUST MORTGAGE reserves the right
to reject any loan for purchase or demand repurchase, as applicable, if
WINTRUST MORTGAGE determines that the loan is not of investment
quality or does not otherwise conform to our delivery guidelines.
If loan is pulled for a pre‐purchase review, Correspondent will be sent a
suspense notification indicating such.
WINTRUST MORTGAGE requires that all loans where tax returns were
used require the Correspondent to process the 4506T prior to loan
purchase. The documentation received from this re‐verification process
must be included in the file. Files submitted for purchase without this
verification will be suspended until the documentation is received.
Suspense Notification
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