Correspondent Partner Guide - Wintrustmortgage.net

PARTNER GUIDE
Corrections/Letter of Intent
The Letter of Intent is the primary means for corrections. This letter
from the Correspondent is acceptable for corrections to be made on the
Security Instrument and/or applicable riders. The Letter of Intent should
include the following:
A reference to the error to be corrected
State that the borrower must initial the corrections made
State that the corrected documents will be sent for re‐recording
Note: Act of Corrections is acceptable in lieu of a Letter of Intent in
Louisiana.
Riders to the Security Instrument
All Security Instruments must be amended by one or more of the
following Uniform or Fannie Mae or Freddie Mac specific riders, as
applicable. State specific Riders must be used if required by Fannie Mae.
Multistate Planned Unit Development rider must be used for a
mortgage that is secured by a unit in a Planned Unit Development
(PUD).
Multistate Condominium Rider must be used for a mortgage that is
secured by a unit in a PUD or condominium project.
Multistate 1‐4 Family Rider must be used for a mortgage that is
secured by a 1‐4 family investment property or a 2‐4 family
primary residence.
Multistate Second Home rider must be used for a mortgage that is
secured by a second home.
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