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CFPB's "2013 HOEPA Rule"
Section 32, Points and Fees Threshold:
The Section 32, Points and Fees Threshold has been lowered to 5% of Loan Amount (Principal dwelling only)Section 32, APR Thresholds:
The APR Thresholds have been lowered to:•
Greater than 6.5% above APOR for comparable transactions for the first lien loans;•
Greater than 8.5% if dwelling is personal property and the loan amount is less than $50,000
•
Credit life or similar insurance payable at or before closing if the lender is the beneficiary.•
Special Rule for HELOC’s: To calculate “points and fees” for HELOCS under Regulation Z,participation fees payable at or before account opening, if any andfees charged to consumers to draw on their credit line at least once, must be included.
There are three main prohibitions in the LO Comp Rule
:•
Loan originators cannot receive compensation that is based on the terms or conditions of the loan, other than loan amount.•
Loan originators cannot receive compensation from both a consumer and any other source, which includes the lender.•
Loan originators may not direct (or “steer”) a consumer to accept a loan that is not in the consumer’s interest in order toincrease the loan originator’s compensation.
VA Lender ID: 907659-00-00 (Lenders: Quicken Mortgage)
Qualified Mortgage (QM), Points and Fees Thresholds
: CFPB imposes a “Points and Fees” CAP on Qualified Mortgage Transactions asoutlined in the following table:
| Note Amount | Point and Fee Threshold |
| ≥ $100,000 | 3% of Total Loan Amount |
| $60,000 ~ $99,999 | $3000 |
| $20,000 ~ $59,999 | 5% of Total Loan Amount |
Saratoga Office: 12124 Saratoga Sunnyvale Rd ,
Saratoga, CA 95070 TEL: 408-988-0888;
Fremont Office: 39510 Paseo Padre Parkway, #160, Fremont, CA 94538 TEL: 510- 624-9047;
Fannie Mae Address Validation eDelivery Consent Form
Freddie Mac Address Validation
LOAN SUBMISSION FORM CreditCardAuthorization New 1003 Form 4506-C
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1003 LOAN APPLICATION FORM (pdf) GiftLetter
2022 LOAN LIMITS
Conforming Loan Limits: $726,200 (1-unit); $929,850 (2-unit); $1,123,900 (3-unit); $1,396,800 (4-unit)
High Balance Limits: $1,089,300(1-unit); $1,394,775 (2-unit); $1,685,850 (3-unit); $2,095,200 (4-unit)
Santa Clara County School Code #
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Mortgage Insurance Quote
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Saratoga Office FaxCover(GiantRealtyInc)
Fremont Office FaxCover(GiantRealtyInc)
Buyer Qualification Worksheet(Excel file)
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County Property Tax (Secured Tax)
| South Bay | |||||
| Santa Clara County | Monterey County | ||||
| East Bay/ Central Valley | |||||
| Alameda County | Contra Costa County | San Joaquin County | |||
| Peninsula / North Bay | |||||
| San Mateo County | San Francisco County | Marine County | NAPA County | Sonoma County | |
| Southern California | |||||
| Santa Barbara County | Orange County | Los Angeles County | |||
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WHO PAY WHAT? (online access)
Customary Closing Cost In Northern California
Seller's
Net Proceed Calculation
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LEGAL Disclosures and Videos
Referral Fee Rules / Guidelines Loan Questionnaire LegalQuiz FRUAD GUARD
DISCLOSURE CHARTS 2019
2021 REO-Disc-Chart
2021RE_Sales_Disc
2021 New Home Disc
2021 Lease Rental Disc
2021 SummaryDiscChart
Condo_Disc_QA
Video
Dual Agency and Sq Ft Case Study 2017 RPA & other forms Class 2017 All About Disclosures Probate Sale/Listing
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UTILITIES
AlamedaCountyUtility SantaClaraCountyUtility SanMateoCountyUtility
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3rd Party Disclosure Firms (natural hazard reports): JCP Reports, FirstAM NHD , HomeGuard NHD
USEFUL 3rd PARTY VENDORS (appraiser, contractors, lawyers, staging firms, cleaning, moving ...etc)
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Landlord/Tenant:
Rent Control Chart Lead
Disclosure Useful
Forms/Letters
Fremont
Union High School District Boundary Map:
Lynbrook MontaVista
Cupertino-High
Fremont-High
 1% + $600 EPO 6 Month payments RATE SHEET |
Shawn Karami 1-818-483-1691 /
shawnk@altloan.com • JUMBO PRIME • NEAR PRIME • ALT-A • NON-PRIME • INVESTOR RENTAL (Cash Flow) • INVESTOR RENTIAL (No Ratio) • FOREIGN NATIONAL • ITIN & Other Niches RATE SHEET | ||||||
 1.25% EPO 6 months |
Darlene Mason-Lopez
602-367-2857 Mobile https://www.accwholesaleportal.com/ For Forms and Instruction
Guides go to:
https://www.accmortgage.com/broker-toolkit/ | ||||||
 Athas Capital |
AE: Oliver Barrosos 818-963-9362 LOAN PRODUCTS FORMS LOAN SUBMISSION | ||||||
 EPO 6 Month 1.25% NON-QM |
John Macedo Cell : 408-888-0031
John.Macedo@angeloakms.com QUICK QUOTE NON-QM | ||||||
 1.3750% (max$20,000) EPO 6 Months Agency, NON-QM |
Tim Kwong
Tim.Kwong@amwestfunding.com
408-607-9965 Lock Desk 714-831-3299 Lockdesk@amwestfunding.com File Status Matthew Blum 714-831-3558 matthew.blum@amwestfunding.com | ||||||
 Broker ID 10584 EPO 6 Months 1.000% min $2500 - Max $20,000 |
Jeff Ratcliff 408-234-9733 jeff.ratcliff@caliberhomeloans.com We offer Non-QM Loans! Bank Statement loans to 90%. DSCR loans to 80%. CalHFA Updated Income Limits Cal HFA | ||||||
1.25% |
Deon Ward Tel (949)
482-8963 Deon.Ward@ChangeWholesale.com
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 EPO 6 months 1.25%+$500 NON-QM |
Blanche
Esteban
C
510.366.5219 | ||||||
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Coast 2 Coast Funding Group | ||||||
 EPO 6 month 1.15% + $500 (min $2000-max $19,000) LIVE RATE |
AE WIlliam Chu 415-722-8093
wchu@financeofamerica.com Coordinator Echo Fajarito efajarito@financeofamerica.com Fuji Jumbo OPT EAD Card | ||||||
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Ann Heinz Ann.Heinz@flagstar.com CELL: 707-299-8218 Freddie Mac Service Number 916903
866.945.9872 Customer Support (WLSC)
FLAGSTAR_SELLER_GUIDE
FLAGSTAR_UNDERWRITING
JUMBO_Guideline
PIW fee $75 Purchase Advice flagstarwarehouselending@flagstar.com Final Doc-DoT, Title Policy finaldocuments@flagstar.com.
Flagstar Loans
Send To: Flagstar Bank, FSB 5151 Corporate Drive Mailstop: W-800-1
Other Investor
Loans Send To: Flagstar Bank, FSB 301 W. Michigan Avenue Attn: Note Department, Warehouse Lending, Mailstop:
4-314 | ||||||
 1.375% EPO 6 months |
Cynthia Terry (925) 580-2802 (866) 861-3500
cynthia.terry@freedommortgage.com phxcsrteam@freedommortgage.com (855) 336-4672 * Status, Turn times, Conditions,Uploading files/documents, Freedom Wholesale website issues,Streetlink/AMC issues, AE/JR/Funder/ETC Lock Desk phxlockdesk@freedommortgage.com or call (855) 336 - 4555
Technical
Website Support (800) 871-6467 Submission Form - New!! Doc Request Requirements - New!! Closing Doc Request Form Lock Policy GOOD ARM PROGRAMS | ||||||
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1.25% Rebate |
Ken Owens Cell: (408) 390-7579; Fax: (510) 512-1860 www.fremontbank.com/wholesale GUIDELINES FORMS NON-OCCUPANT CO-BORROWER; 4 FINANCED PROPERTY GOOD FOR NOO GOLD JUMBO program: RSU •May only be used as qualifying Incomei f the income has been consistent ly received for 2 years and is identified on the paystubs, W-2s and tax returns as income and the vesting schedule indicates the income will continue for a minimum of three (3)years at a similar level as pri or 2 years. •A two year average of prior incomereceivedfrom RSUs or stock options should be used to calculate the income, wi th the continuancebased on the vesting schedule using a stock price based on the 52 week low for the most recent 12 months report ing at the time of closing. The income used for qualifying must be supported by future vesting based on the stock price used for qualifying and vesti ng schedule •Additional awards must be similar to the qualifying income and awarded on a consistent basis. •Borrower must be currently employed by the employer issuing the RSUs/stock options in order for the RSUs/stock options to be considered In qualifying income. •Vested restr icted stock unitsand stock opt i ons cannot be used for reserves i f using for income to qualify |
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 EPO 5 months 1.375% min $1500- max $15000 |
DOUG BLAND 408-510-4484 dbland@homepointfinancial.com | ||||||
 Live Rate NON-QM 1.25% + $500 |
Roobina.Ovanessian@impacmail.com 650-685-9600 FLYER(NON-QM) | ||||||
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LiveRate 104162
(min $2500; max $13,500) |
Mike
Garland 423-837-9083
Mike.Garland@jmaclending.com
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ACCOUNT ID 4558 AE: Tyler Schnepf tschnepf@ldwholesale.com 480.818.8335 | ||||||
 1.375% MIN $3000 - Max $15000 |
Ruby Celia
C: 301.254.1377
rcelia@lsmortgage.com NonQM Matrix NonQMSubmissionForm PIW NonQM EzCALC Jumbo Program NOO OK |
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 EPO 6 Months 1.125% + $500 (MAX $15000) |
Kathleen Taylor AE Cell: 206-679-6842 kathleen@newfi.com | ||||||
 1.25% max:$15000 LIVE RATE Broker ID: 2048 Dublin ID: 2048-1 EPO: 6 months  |
Jeff Ratcliff 408-234-9733
JRatcliff@newrez.com May only be used as qualifying income if the income has been consistently received for two (2) years and is identified on the paystubs, W-2s and tax returns as income and the vesting schedule indicates the income will continue for a minimum of three (3) years at a similar level as prior two (2) years. · A two (2) year average of prior income received from RSUs or stock options should be used to calculate the income, with the continuance based on the vesting schedule using a stock price based on the 52 week low for the most recent twelve (12) months reporting at the time of closing. The income used for qualifying must be supported by future vesting based on the stock price used for qualifying and vesting schedule. · Vested restricted stock units and stock options cannot be used for reserves if using for income to qualify. | ||||||
 1.25%+$500 MAX:$20,000 EPO 7 Months |
PAUL WU C: 909-767-8918
paul.wu@newwavelending.com
Submission Check List SubmissionForm EsignConsent | ||||||
 Broker ID 1566 1.125% EPO 6 Months Modular or Manufactured HOME ok. Reduced Doc |
Danette Sandusky
Danette.Sandusky@nexbank.com
619-933-5716 Client Advocates Christina Espinoza Christina.Espinoza@NetBank.com 469-362-8819 OR Daja Johnson Daja.Johnson@NexBank.com 469-362-8828 How To use NexBank System Reg/Lock Guideline *Setup Department 469-362-8818 or setup@nexbank.com *Underwriting Status: 469-362-8822 or conditions@nexbank.com *Locks- 469-362-8820 or Lockdesk@nexbank.com *Closing: Closings@nexbank.com | ||||||
 EPO 180 DAYS 1.375% + $500 MIN $3000 MAX $21000 (Used to be eThos) |
Trinh Bui
tbui@oneamericanmortgage.com
408-898-7827 Broker Advocate Roxanne Saucedo 858-214-4711 RSaucedo@oneamericanmortgage.com ConformingAdjust JumboAdjust ADMIN FEE $895 Good 5/1, 7/1 ARM programs and JUMBO FIXED eThosLite LTV< 65% and FIC > 760; extra 0.125% |
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 1.25% NON-QM EPO 6 months |
Wholesale
Sales Manager - CA NMLS: 1887095 Fax: 888-289-5801 Email: Cynthia Pearson cpearson@quonticbank.com 718-819-5856 Lee Ann Casanova lcasanova@quonticbank.com | ||||||
Broker COMP |
Michelle Luo 626-316-3547
michelle.luo@pacbaylending.com
StatedPlus AltDoc TrueStated VOEPlus JUMBO products | ||||||
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1.25% + $500
(min $1200-max
$18750) |
Dirk Nelson 925-303-9203 dirk@parksidelending.com 180 Redwood Street, Suite
350, San Francisco, CA 94102 Ratelocks@Parksidelending.com
for:
APPRAISAL ORDER STATUS | ||||||
 EPO 6 months from from loan SOLD |
AE Teresa Talavera-King Direct (858) 945-4633 teresa.talaveraking@pnmac.com Corporate NMLS# 35953 | ||||||
 |Broker ID: 222044 EPO 6 months 1.25% + $500 (min $3500 - max. $15000) LIVE RATE NON-QM |
KEVIN LAFEVER tel: 619-942-3960 Kevin.LaFever@plazahomemortgage.com
REVERSE
MORTGAGE (ID: plaza, PWD: reverse) | ||||||
 1.25% (min $3000, Max $20,000) LIVE_RATE |
Scott Alfstad SAlfstad@prmg.net Direct: 916-350-0380 CalHFA CalHFA Updated Income Limits | ||||||
 Broker id: # 7158 1.0% + $650 (max $20,000) EPO 6 Months |
AE
Wendy Hughes, (714)330-4511
WHughes@myprovident.com RATE SHEEET ACCESS rate sheet password: Provident1 | ||||||
 1.25% EPO 6 months Min- Max $1500-$15,000 |
PF Admin Fee $1050 ;
$33.11 charge for Tri-Merge Credit per report requested Appraisal Fee California_Civil_Code_Disclosure Mortgagee Clause: Provident Funding Associates, L.P., its Successors and/or Assigns. 7 Parkway Center, Suite 220 Pittsburgh, PA 15220 Loan Number: Loss Payee Clause: Provident Funding Associates, L.P., its Successors and/or Assigns. P.O. Box 5914 Santa Rosa, CA 95402 Loan Number: Mortgagee Clause: Provident Funding, a division of Colorado Federal Savings Bank 8400 E Prentice Ave, Suite 840 Greenwood Village, CO 80111 Loan Number: Loss Payee Clause: Provident Funding, a division of Colorado Federal Savings Bank P.O. Box 5914 Santa Rosa, CA 95402 Loan Number: | ||||||
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(1.25% + $500) |
Paul Boyd 408-834-0744; Fax: 877-454-9230; PaulBoyd@QuickenLoans.com U/W Fee: $805; Life of Loan Tax Service Fee: $60; Tax Certification Fee: $18; Flood Cert: $10.50; Life of Loan Flood Fee: $5
HOT HOT HOT!!! High
Balance ARM page 6 ARM, HIGH BALANCE ARM, LPMI | ||||||
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EPO 6 months (Compensaton < 2.75%) |
Chuck Parks
Senior
Wholesale Account Executive O: (949) 662-3291 | M: (714) 746-8102
E: cparks@quonticbank.com NO Income Verification SUBMISSION FORM OWNER OCCUPIED-NO INCOME No Employment - No Ratio - No Income at All on 1003! OWNER OCCUPIED-NO EMPLOYMENT (like Stated , but NO Income or Job) Your Office is Approved “Unemployed, Retired, Self-Employed And Wage Earners” ( You can have this loan that nobody else has today! ) • Call me on any of your deals with income issues! Look back through your deals with income issues from the past 6-8 months, Cash Out especially! 75% PURCHASE and Rate/ Term 70% URCHASE (FTHB) 65% CASH OUT, No Restrictions up to $3 Million cash out No Seasoning for Down Payment or Gift Funds • 30 Year Fixed Loans begin in the 5’s. LOAN AMOUNTS UP TO $3 Million |
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 1.25%+ $500; EPO 6 Months min $2500~max $14500 Broker ID: 136760 |
Amy Hulett Cell: 209-518-1136 amy.hulett@spmc.com CalHFA Megan Peer Customer Service Representative 916-932-0582 megan.peer@spmc.com ExpressLoan Client Support Support Hours: Mon-Fri 6am-6pm (PST) TPOExpressLoanHelp@spmc.com 800-213-2554
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1.25% min $3500-max$15000
BrokerID: 4116-a |
FAY HOFFMAN fhoffman@stearns.com 510-220-1330 HELP desk 1-800-314-1225 Jumbo O/O LTV< 80% ; DTI < 45%; HARF2.0 UNLIMITED LTV; LPMI; NOO HB < 75% OK; Borrower needs to print the til and disclosure to sign and send back to us FPF_SELLER_GUIDE RSU Jumbo |
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 HELOC LENDER |
HELOC LENDER Douglas Smurthwaite dsmurthwaite@tcfbank.com Tel: 916-934-3886 LENDER FORMS SubmissionForm CompensationForm GuideLine_Contact QualifyWorkSheet |
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 EPO 6 months ID:93352 1.25% |
Laurie Nilsen, VP - Wholesale Account Executive Sales Specialist Cell (925) 519-0527 Laurie.Nilsen@unionbank.com CONTACT LIST Resource Center Portal FLYERUnlimited Cash Out, 80/10/10 Combo, 30/40 Years Inter Only, 1-Year Self Employee MAY BE OK | ||||||
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Robert O'Connor: (972)596-8617, Fax: (866) 856-0763 Email: Robert.Oconnor@Weslend.com
NICHE: JUMBO FIXED and JUMBO 10/1 ARM and High Balance | ||||||
