Correspondent Seller Eligibility & Documentation Requirements

Correspondent Lending Seller Application Checklist
Below is a checklist to help you verify that you have submitted all required documentation. Please use
the column indicated with a checkmark to track the documentation required for the appropriate review
type. If a checkbox does not appear in the column, the documentation listed is not required for the review
type identified.
Seller Name:
Original approval date (if recertification):
Date approval expires (if recertification):
Due date for requested items (if recertification):
Initial
Approval
Review Type
Annual
Recertification
/ Risk Review Documentation Description
Completed Correspondent Lending Seller Application Form
Two executed original Correspondent Agreements (Whole
Loan Purchase Agreement) or Correspondent Flow Agreements
MERS Orig ID#:
Articles of Incorporation
Bylaws
Certificate of Good Standing
Certificate of Corporate Resolution
Executed original Limited Power of Attorney
Completed Correspondent Lending Seller Recertification
Review Form
Last 2 years audited financial statements and unaudited financial
statements through the most recent quarter ended
Up to date resumes and bios for principal officers and executive
management team
Company management team organizational chart
Current license, exemption letter or documentation of authority
to lend in each state where U.S. Bank will purchase loans
Product guidelines/matrices/summary. Please provide matrices
for all Non-Prime products currently being originated
* Quality Control Guidelines/Policies
* Broker approval process
* Broker monitoring/performance evaluation process
* Only required if changes have been made to the required documents or procedures requested since the
original approval date listed at the top of the form.