HomeBridge is updating the documents required at loan submission for Expanded Plus transactions due to investor requirements. These updates are effective with loans submitted on or after March 1, 2018
The following documents are required at time of loan submission; brokers must provide the documents prior to the loan moving to underwriting.
Your Home Loan Toolkit Delivery and CHARM Certification
The Certification is now required to be signed and dated by the borrower(s). A sample of the Certification is attached for reference (refer to the PDF).
Homeownership Counseling Disclosure
The Counseling Disclosure must be signed and dated by the borrower(s) within three (3) days of loan application. Brokers must now use their own version of the form; the HomeBridge version of the form is no longer acceptable.
5/1 LIBOR ARM or 5/1 LIBOR ARM Interest-Only Disclosure
The applicable ARM Disclosure must be signed and dated by the borrower(s) within three (3) days of loan application. The ARM Disclosures are attached for reference (refer to the PDF).
E-Sign Disclosures and Consent Form (required only when electronic signatures will be used)
Brokers are responsible to provide this form to the borrower(s) for signature when the borrower(s) will be signing documents electronically. This is a general form that explains e-signing, required software/hardware and requirements for withdrawing consent.
The Expanded Plus Submission form has been updated with this information and posted on the HomeBridge website at www.HomeBridgeWholesale.com. Additionally, the Your Home Loan Toolkit Delivery/CHARM Certification and ARM Disclosures have been posted on the website under “Expanded Plus Specific
