reverse mortgage loan submission checklist - SWMC.com - Sun ...

Sun West Mortgage Company, Inc.18303 Gridley Road,Cerritos, CA 90703-5401Phone: (800) 453-7884Fax: (562) 924-6057Web: www.swmc.com | NMLS: 3277REVERSE MORTGAGE LOAN SUBMISSION CHECKLISTLOAN NUMBER:ACCOUNT EXECUTIVE:BORROWER NAME(S):BROKER COMPANY NAME:BROKER COMPANY PHONE:BROKER COMPANY FAX:LOAN PROCESSOR NAME:PROCESSOR PHONE:PROCESSOR EMAIL:LOAN OFFICER NAME:LOAN OFFICER PHONE:LOAN OFFICER EMAIL:COMPENSATION PLAN SELECTION: Consumer Paid Lender PaidHas any exception been sought previously regarding the parameters of the loan? Yes NoIf Yes, please specify:Are you requesting any specific underwriters or junior underwriters? (If yes, please mention the names below)Underwriter:Junior Underwriter:TITLE COMPANY NAME:TITLE OFFICER NAME:TITLE OFFICER PHONE:TITLE OFFICER EMAIL:ESCROW COMPANY NAME:ESCROW OFFICER NAME:ESCROW OFFICER PHONE:ESCROW OFFICER EMAIL:Additional Instructions (If Any):SWMC Reverse Mortgage Loan Submission Checklist Page 1 of 2

Sun West Mortgage Company, Inc.18303 Gridley Road,Cerritos, CA 90703-5401Phone: (800) 453-7884Fax: (562) 924-6057Web: www.swmc.com | NMLS: 3277Application 1009 (Signed and dated by Borrower(s) and Loan Officer)Counseling CertificateCopy of Drivers License and Social Security CardCredit ReportPreliminary Title ReportFlood CertificatePayoff demand or Mortgage billRepair set aside (if applicable)Termite report and bids for any required work (if applicable)RESPA compliant GFE and Borrower's Intent to ProceedFederal Truth in Lending Statement (TIL)HUD Addendum to URLA 92900aNon-borrowing spouse credit report (for community property state)Trust Documents (if applicable)Hazard InsuranceClosing Protection Letter (CPL), E & O and Wire InstructionsEsimated HUD-1 OR Closing Costs from the closing agentPower of attorney (if applicable)Initial Disclosures/Misc Forms:Amortization schedule and initial loan calculationsPrincipal limit lock disclosureAnti churning form (applicable only in case of HECM to HECM refinances)Rate lock disclosureImportant terms disclosureOther notificationsExcessive fees disclosureTax and Insurance disclosureEqual credit opportunity act noticeAffiliated business arrangement disclosuresGeneral authorization, joint application and bankruptcy statementFair lending noticeLead based paint certification (for properties built prior to 1978)Total annual loan cost disclosure (TALC)Customer identification certificationConsent to social security administration's release of social security number verificationRESPA transfer of servicing disclosureFace to Face opt out disclosureState specific disclosuresReferences:To view SWMC Product guidelines and rate sheets please visit:http://www.swmc.com/swmc/wholesale_lender/broker/guidelines_and_rate_sheets.phpFor instructions on how to submit a loan to Sun West Mortgage Company using SunSOFT, please watch our "E Origination - How tosend loans to SWMC'' training video available at http://www.swmc.com/swmc/mortgage_related_training_videos.phpSWMC Reverse Mortgage Loan Submission Checklist Page 2 of 2