Requirements for the Loan Application Package
The table below provides the requirements for the loan application package.
| ✓ | The loan application package must include … |
|---|---|
| A copy of the ratified sales agreement, if applicable. | |
| Escrow/closing or settlement instructions, if applicable. | |
| Any other information or documentation used to verify, clarify, or substantiate information in the borrower’s application. | |
| All other documentation that was used to make a prudent underwriting decision, including (but not limited to) the credit report, property appraisal and inspection reports, and project documents. |
See Section A2-4.1, Establishment, Ownership, and Retention of Loan Files and Records for additional information about the loan file.
For additional information, see B1-1-01, Contents of the Application Package.