Correspondent Seller Eligibility & Documentation Requirements

U.S. BANK CONSUMER FINANCE CORRESPONDENT LENDING SELLER APPLICATION
REVISED MAR 2008
8. If you are currently originating any ARM products, what are the rate caps, index and margin?
9. Do you originate stated income loans? If so, are they for self-employed borrowers only?
10. Do you offer alternative documentation loans? If so, what type(s)?
11. Do you have a loss reserve account specifically for loans sold in secondary
market transactions?
If so, what is the current balance:
LOAN VOLUME/PRODUCTION DATA
1. Year to Date numbers include data through:
2. What is your total loan production for the following time periods:
YTD: Current Year Estimate: Prior Year:
3. Estimated annual volume with U.S. Bank:
4. Please list all channels through which your company originates mortgage loans currently:
Retail
Wholesale
Correspondent
Other:
% of Total $
Originations
Yes No
5. What percentage of the loans you originate are sold through whole loan sales, securitization or held in
portfolio?
Whole Loan Sales
Securitization
Held in Portfolio
% of Total $
Originations
(YTD)
% of Total $
Originations (last
5 yrs.)
6. What percentage of the loans sold through whole loan sales are sold as bulk transactions versus flow
transactions?
Bulk
Flow
% of Whole
Loan Sales
(YTD)
% of Whole
Loan Sales (last
5 yrs.)
7. Do you originate prime/agency loans? If so, what is the percentage of prime/agency and non-prime?
Prime
Non-Prime
% of Total $
Originations
(YTD)
8. What percentage of the loans you originate are 1 st lien and 2 nd lien?
1 st Lien
2 nd Lien
% of Total $
Originations
(YTD)
% of Total $
Originations
(last 5 yrs.)
% of Total $
Originations
(last 5 yrs.)
CORRESPONDENT LENDING DIVISION • 205 WEST FOURTH STREET • CN-OH-X6 • CINCINNATI, OH 45202 2