Fillable Usda File Submission Checklist printable pdf download

USDA F

ILE

UBMISSION

HECKLIST

CMC Loan Number:____________________ Borrower Name(s):__________________________________________________

Company Name:__________________________________________________________________________

Main Contact for File:__________________________ Email:__________________________________ Phone: _________________

Secondary Contact:____________________________ Email:__________________________________ Phone: _________________

Quick Steps for submitting:

Upload your FNMA 3.2 file or Create loan in

https://

Scan/Upload file into Imaging. *All docs titled as “Credit Package”

Return to

ACTIONS

tab and click FINAL. If you do not

FINAL

loan to Crescent, we will not receive

for underwriting.

FINAL

the loan: In order to have an option to “FINAL” loan to CMC

Loan must be registered as a float or lock

Crescent Express 1003 must have a signature date and HMDA must be completed

Mortgagee Clause:

Title Work: Crescent Mortgage Company 5901 Peachtree Dunwoody Rd. NE. Building C, Suite 250 Atlanta, GA 30328

Insurance Binder: Crescent Mortgage Company, ISAOA, ATIMA, P.O. Box 28258, Atlanta GA 30358



Pre‐ Submission

Upload this checklist as the first page of your scanned

loan package

EARLY TIL REQUEST

(loans closing in name of CMC)

APPRAISAL REQUEST FORM

(if CMC orders your appraisal)



Items with asterisks (*) are mandatory for submission to

USDA PRE‐QUAL PROCESS

(optional)

underwriting.

Application

*RD 1980‐21 {must be fully completed including the TPO lender tax ID # and page 2 signed by borrower(s)}

1008/Transmittal

*Initial 1003

(must be fully completed in its entirety and signed/dated by both borrower(s) and the Loan Officer)

Final 1003

(INITIAL AND FINAL 1003 MUST SHOW INSTITUTION AND LOAN OFFICER NMLS ID’S)

NMLS PROCESSOR DISCLOSURE

(if not a W2 employee with institution please provide NMLS ID)

NMLS –

Crescent will verify LO & COMPANY NMLS on Consumer Access (make sure that info on your 1003

matches NMLS ‐ AKA Names, LO/Company identifier ID’s, and Company Name and address must match 1003)

PROCESSOR NOTES

(if applicable)

TAX INFORMATION WORKSHEET

Credit

GUS FINDINGS (Ran by Crescent)

*MERGED CREDIT REPORT‐

(

Including FACTA and Risk Based Pricing RBP

must be from one of the agencies listed in the

product description, if not Crescent will re‐pull credit)

BUSINESS CREDIT REPORT (If applicable)

CREDIT INQUIRY /EXPLANATION LETTER

FHA SOCIAL SECURITY VALIDATION THRU FHA CONNECTION

BANKRUPTCY PAPERS (If applicable)

DIVORCE DECREE/SEPARATION AGREEMENT (If applicable)

VOM OR VOR for 24 months (If not reported on the credit report)

HOMEBUYER EDUCATION CERTIFICATE

Income

*VERIFICATION OF INCOME/VERBAL VOE

* SALARIED BORROWER(S): MOST RECENT PAYSTUB(S) WITH 30 DAYS YTD EARNINGS AND 2 YEARS W2’S

* SELF EMPLOYED/ COMMISSIONED ‐SIGNED AND DATED FEDERAL TAX RETURNS FOR MOST RECENT 2 YEARS

YTD P&L (SIGNED AND DATED)

2 YEARS PARTNERSHIP, S‐CORP OR CORPORATE RETURNS (SIGNED AND DATED)

OTHER INCOME DOCUMENTATION (Social Security, Leases, Child support, Divorce decree)

EMPLOYMENT GAP EXPLANATION FOR GAP OF 30 DAYS OR MORE

PROCESSOR’S INCOME CALCULATION

GUARANTEE FEE WORKSHEET

INCOME & RATIO CALCULATION WORKSHEET

Assets

*VERIFICATION OF DEPOSIT OR TWO MONTHS CURRENT BANK STATEMENTS

(if cash required to close)

GIFT LETTER (If applicable)

VERIFICATION OF DONOR’S ABILITY TO GIVE GIFT AND VERFICATION OF TRANSFER OF FUNDS TO THE BORR(S)

EARNEST MONEY VERIFICATION

Usda File Submission Checklist

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