Government Submission Review Checklist All Loans FHA Purchase FHA Refinance FHA Streamline VA Purchase VA Refinance VA IRRRL GRH Purchase GRH Refinance Conventional Checklist Flagstar's Underwriting Submission Review process allows our customers the ability to reduce the number of file conditions, resulting in more accurate approvals and denials. The initial submission to underwriting should include the documentation listed in the All Loans section along with those listed in the specific loan type section. Failure to submit all required documentation will result in the loan being placed in a Submission Hold status. Direct any questions to the Underwriting Support Desk by calling (866) 945-9872, option #1. All issues will be resolved within eight business hours. ALL LOANS Initial 1003 fully completed (HMDA GMI, NMLS, employment and income, etc.) with all pages and date. Borrower’s Certification/Authorization form signed and dated by all borrowers Patriot Act Information Disclosure, Doc. #3243 or equivalent, completed and signed for all borrowers Notice to the Home Loan Applicant, Doc. #3249, or equivalent for all borrowers. Credit Score Disclosure, Doc. #3251 or equivalent for all borrowers including credit score, source, date, score range, percentage, key factors and contact information for at least one of the three credit reporting agencies. For borrowers without a credit score, No Credit Score Disclosure, Doc. #3252 or equivalent. Notice to Borrower of Property in a Special Flood Area, Doc. #3214 fully completed, signed and dated by a borrower (only required if property is in a flood zone). ARM Disclosure (ARM products only) or equivalent, fully completed. Reference the product description specific disclosure required. Homeownership Counseling Disclosure containing a minimum of 10 counseling agencies Notice of Intent to Proceed signed and dated by a borrower (Broker Loans Only) FHA PURCHASE Paystub dated within 30 days of 1003 for all working borrowers 2 years tax returns for self-employed borrowers Credit report associated with Loantrac HUD/VA Addendum to Uniform Residential Loan Application, HUD-92900-A. Page 1, fully completed and page 2, signed and dated in both places by all borrowers Bank statement or 30-day banking transaction history Important Notice to Homebuyers, HUD-92900-B, signed and dated by all borrowers III. Forms and Disclosures Return to Top 1 of 4 Document #3205 01/15/2020 Government Submission Review Checklist All Loans FHA Purchase FHA Refinance FHA Streamline VA Purchase VA Refinance VA IRRRL GRH Purchase GRH Refinance Conventional Checklist Informed Consumer Choice Disclosure Notice, Doc. #9308-A or Informed Consumer Choice Disclosure Notice, Doc. #9308-B or equivalent Purchase Agreement (not required on TBD properties) FHA Case Number Assignment documentation with all pages (not required on TBD properties) Fully completed 4506-T signed and dated by all borrowers with the applicable box checked FHA REFINANCE Paystub dated within 30 days of 1003 for all working borrowers 2 years tax returns for self-employed borrowers Credit report associated with Loantrac HUD/VA Addendum to Uniform Residential Loan Application, HUD-92900-A. Page 1, fully completed and page 2, signed and dated in both places by all borrowers Important Notice to Homebuyers, HUD-92900-B, signed and dated by all borrowers Informed Consumer Choice Disclosure Notice, Doc. #9308-A or Informed Consumer Choice Disclosure Notice, Doc. #9308-B or equivalent FHA Case Number Assignment documentation with all pages. If loan is FHA to FHA refinance, Refinance Authorization also required. Fully completed 4506-T signed and dated by all borrowers with the applicable box checked FHA STREAMLINE Credit report associated with Loantrac HUD/VA Addendum to Uniform Residential Loan Application, HUD-92900-A. Page 1, fully completed and page 2, signed and dated in both places by all borrowers Important Notice to Homebuyers, HUD-92900-B, signed and dated by all borrowers Informed Consumer Choice Disclosure Notice, Doc. #9308-A or Informed Consumer Choice Disclosure Notice, Doc. #9308-B or equivalent FHA Case Number Assignment documentation with all pages. If loan is FHA to FHA refinance, Refinance Authorization also required. VA PURCHASE Paystub dated within 30 days of 1003 for all working borrowers 2 year tax returns for self-employed borrowers Credit report associated with Loantrac III. Forms and Disclosures Return to Top 2 of 4 Document #3205 01/15/2020 Government Submission Review Checklist All Loans FHA Purchase FHA Refinance FHA Streamline VA Purchase VA Refinance VA IRRRL GRH Purchase GRH Refinance Conventional Checklist HUD/VA Addendum to Uniform Residential Loan Application, HUD-92900-A. Page 1, fully completed and page 2, signed and dated in both places by all borrowers Certificate of Eligibility or ACE Verification Active Duty Only - Military Counseling Checklist (VA26-0592), signed and dated by all borrowers and loan officer Purchase Agreement (Not required on TBD properties) Fully completed 4506-T signed and dated by all borrowers with the applicable box checked VA REFINANCE Paystub dated within 30 days of 1003 for all working borrowers 2 year tax returns for self-employed borrowers Credit report associated with Loantrac HUD/VA Addendum to Uniform Residential Loan Application, HUD-92900-A. Page 1, fully completed and page 2, signed and dated in both places by all borrowers Certificate of Eligibility or ACE Verification Active Duty Only – Military Counseling Checklist (VA26-0592), signed and dated by all borrowers and loan officer VA Cash-Out Net Tangible Benefit Initial Loan Comparison Disclosure, Doc. #9707-A, that was provided to the borrower(s) within 3 days of the application, signed and dated by all borrowers. Fully completed 4506-T signed and dated by all borrowers with the applicable box checked VA INTEREST RATE REDUCTION REFINANCE LOAN (IRRRL) Credit report associated with Loantrac HUD/VA Addendum to Uniform Residential Loan Application, HUD-92900-A. Page 1, fully completed and page 2, signed and dated in both places by all borrowers Active Duty Only - Military Counseling Checklist (VA26-0592), signed and dated by all borrowers and loan officer VA IRRRL Initial Net Tangible Benefit & Loan Comparison, Doc. #9723-A, that was provided to the borrower(s) within 3 days of the application, signed and dated by all borrowers. GRH PURCHASE Paystub dated within 30 days of 1003 and 2 years W2s for all working borrowers 2 year tax returns for self-employed borrowers Purchase Agreement (Not required on TBD properties) III. Forms and Disclosures Return to Top 3 of 4 Document #3205 01/15/2020 Government Submission Review Checklist All Loans FHA Purchase FHA Refinance FHA Streamline VA Purchase VA Refinance VA IRRRL GRH Purchase GRH Refinance Conventional Checklist Rural Housing Worksheet for Documenting Eligible Household and Repayment Income Form RD 3555-21 (revised 10/2018 Request for Single Family Housing Loan Guarantee Form RD 3555-21 (revised 10/2019 ) fully completed Fully completed 4506-T signed and dated by all borrowers with the applicable box checked GRH REFINANCE Paystub dated within 30 days of 1003 and 2 years W2s for all working borrowers 2 year tax returns for self-employed borrowers Rural Housing Worksheet for Documenting Eligible Household and Repayment Income Form RD 3555-21 (revised 10/2019) Request for Single Family Housing Loan Guarantee Form RD 3555-21 (revised 10/2018) fully completed. Fully completed 4506-T signed and dated by all borrowers with the applicable box checked III. Forms and Disclosures Return to Top 4 of 4 Document #3205 01/15/2020
