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SUN WEST MORTGAGE CO. BROKER/CORRESPONDENTAPPLICATION FORMContact InformationSWMC Client Relations Managers (CRM):(If you have been contacted by an CRM, please name them here, else we shall assign one to you)Company Name:Contact Person:· E-Mail:Cell: · Phone: · FAX:Application for Approval as (please check [X] as applicable)[ ] FORWARD MORTGAGE[ ] B12 - Client Originates & Processes, SWMC Underwrites draw Docs in the name of SWMC & Funds 1[ ] B14 - Client Originates & Processes, SWMC Underwrites, draw Docs in the name of SWMC & Funds[ ] C11 - Client Originates & Processes, SWMC Underwrites, Client draws Docs & Funds[ ] C12 - Client Originates & Processes, SWMC Underwrites & draw Docs, Client Funds[ ] C10 - Correspondent Seller, Closed Loan U/W Review by SWMC[ ] REVERSE MORTGAGE[ ] B03 - Client Originates & Processes, SWMC Underwrites draw Docs in the name of SWMC & Funds 1[ ] B14 - Client Originates & Processes, SWMC Underwrites, draw Docs in the name of SWMC & Funds[ ] C11 - Client Originates & Processes, SWMC Underwrites, Client draws Docs & Funds[ ] C12 - Client Originates & Processes, SWMC Underwrites & draw Docs, Client Funds[ ] C31 - Correspondent Seller, Closed HECM U/W Review by SWMC1 – Applicable for Non-FHA Approved clients (Sponsored Third Party Originators)Business InformationCompany Legal Name:AKAs/DBAs:Business Type: [ ] Corporation [ ] LLC [ ] Partnership [ ] Sole ProprietorshipMain Activity: [ ] Broker [ ] Banker [ ] OtherContact Info: Tel: ( ) · Fax: ( )Street Address:City: · State: · Zip Code:Biz Estd. Date: · Biz Inc. Date: · Yrs. At Present Address:Federal Tax ID:· # of Sales PersonsE&O / Fidelity Insurance / BondWe have, [ ] E&O / [ ] Fidelity Insurance / [ ] Bond & is attached with the applicationDo not have [ ] E&O / [ ] Fidelity Insurance / [ ] BondInitials:________ BC App Ver. 7.7 10/06/2014 Page 2
Flood CertificateA copy of the invoice for the flood certificate in each loan is required for compliance.How would you like to provide a record of the cost for the flood certificate?1. Include an invoice copy in each loan file [ ]2. Copy of the Master Agreement (stating the rate) is included in this Application [ ]3. SWMC to order Flood Certificate for B/C [ ]Principle / Owner/ Officer Information[ ] If Corporation, identify Principals and/or Officers[ ] If Sole Proprietorship/Partnership, identify OwnersName Title SSNMr./Ms.Mr./Ms.Mr./Ms.Post Closing Contact InformationMr./Ms:E-Mail :Phone :Licensing InformationAgency Date Approved ID NumberHUD/FHA CorrespondentHUD/FHA MortgageeFNMAFHLMCGNMAVAMERS IDNMLS IDProduction VolumesLast Year:Year to Date:No. of Loans Value No. of Loans ValueFHA/VAConventionalReverse (HECM)Lender ReferencesCompany Name Contact Person Phone # E-Mail1.Initials:________ BC App Ver. 7.7 10/06/2014 Page 3
Page 4 and 5: Servicing Transfer InformationSecti
Page 6 and 7: MORTGAGE BROKER & CORRESPONDENT AGR
Page 8 and 9: iii. Best Effort/Mandatory Commitme
Page 10 and 11: n. Securitization. Seller recognize
Page 12 and 13: appropriate proceedings diligently
Page 14 and 15: Mortgage Loan note. On a reverse Mo
Page 16 and 17: c. SWMC, in its sole discretion, ma
Page 18 and 19: egulations or ordinances require ad
Page 20 and 21: IN WITNESS WHEREOF, The parties hav
Page 22 and 23: (e) Hazard Insurance. The mortgaged
Page 24 and 25: (k) Validity of Mortgage Documents.
Page 26 and 27: index plus the gross margin (rounde
Page 28 and 29: (ee) Other Insurance Policies. No a
Page 30 and 31: omission which would or may invalid
Page 32 and 33: VA ADDENDUMThis addendum is to the
Page 34 and 35: REVERSE MORTGAGE ADDENDUMThis Rever
Page 36 and 37: INTERNET ADDENDUMThis Internet Adde
Page 38 and 39: F. Disclaimer of Warranties.1. THE
Page 40 and 41: RECERTIFICATION ADDENDUMThis Recert
Page 42 and 43: NO SANCTIONS DECLARATIONThis is to
Page 44 and 45: Part 2: Exemption: If exempt from 1
Page 46 and 47: DIRECT DEPOSIT AUTHORIZATION FORMIn
Page 48 and 49: STATE LICENSESState License Type Li
Page 50 and 51: BRANCH LISTBranchOffice NameBranch
Page 52 and 53:
APPLICATION CHECKLISTPlease use thi
Page 54 and 55:
7. The assignment of any mortgage,
Page 56:
(SPACE ABOVE FOR RECORDER’S USE)S
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