Missouri Loan Brokerage Fee Agreement And Brokerage Disclosure Statement Form
Download a blank fillable Missouri Loan Brokerage Fee Agreement And Brokerage Disclosure Statement Form in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Missouri Loan Brokerage Fee Agreement And Brokerage Disclosure Statement Form with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2MISSOURI LOAN BROKERAGE FEE AGREEMENT AND
BROKERAGE DISCLOSURE STATEMENT
Borrower Name(s):
Broker:
License Number:
Property Address:
Date:
Loan Terms:
Loan Amount: _________________________
Term (in Months): ___________________
Interest Rate:
_________________________
Term of Agreement: _________________
Sales Price:
_________________________
Appraised Value: ____________________
Loan Type: ____ Fixed ____ ARM (type ____) ____ GPM
Other ___________________________
Lien Type: ____ First ____ Second ____ Third
Other ___________________________
____ There is a Prepayment Penalty
____ There will be a balloon payment
Broker Fee: $______________
(_____________ %) of the principal balance.
Lender Paid Broker Fee: $_______________ (_____________%) of the principal balance of the loan obtained.
Processing Fee: $_______________
Origination Fee: $______________
Other:
$______________
Other:
$______________
TOTAL BROKER COMPENSATION: $______________
Loan Brokerage Agreement
(Title 4 CSR 140-30.080(1))
UPON REQUEST A COPY OF THE FOLLOWING AGREEMENT SHALL BE MADE AVAILABLE TO
THE BROROWER OR THE BORROWER’S ATTORNEY FOR REVIEW PRIOR TO SIGNING
1.
The Borrower grants to the Broker exclusive right to negotiate a mortgage loan on behalf of the Borrower with
the lenders which have correspondent agreements with Broker for the Term of Agreement.
2.
The Borrower agrees to complete all information and to provide all information requested by the Broker or
lender in order to complete the Borrower’s application for a mortgage loan.
3.
The Broker agrees to exert their best efforts to obtain a mortgage loan commitment for the Borrower.
4.
The Borrower agrees to pay the Broker, at the time of application, certain costs of the application which may
include reimbursement to third parties for costs such as credit reports and appraisals as set forth in a separate
Good Faith Estimate provided to the Borrower. The estimate of costs and the actual costs could be affected by
conditions which may include, but are not limited to, an appraised value different from that estimated by the
Borrower or credit obligations which the Borrower fails to report. Borrower agrees to pay other reasonable
costs of the Broker in connection with the mortgage application.
5.
At the time the Broker obtains a mortgage loan commitment, the Borrower agrees to pay the Loan Fee to the
Broker for obtaining the mortgage loan commitment. THE LOAN FEE IS AN OBLIGATION OF
BORROWER UPON COMMITMENT, AND SHALL BE PAID AT THE TIME OF THE LOAN CLOSING
OR OUT OF LOAN PROCEEDS.
6.
Once a mortgage loan commitment has been obtained, if the Borrower withdraws the application or has made
material misrepresentations on the loan application or failed to provide necessary documentation for loan
processing or closing, the Broker may keep all costs that have been paid by the Borrower, may collect any loan
fees due and recover any additional actual costs that it has incurred, including but not limited to reasonable
attorneys’ fees for enforcing its rights under this Agreement.
7
The Broker agrees to provide to the borrower a Truth-in-Lending Disclosure, transfer of servicing documents,
good faith estimates of closing costs, and all other documents required by state or federal law. The documents
are to be provided and signed by the Borrower within three (3) days of the application.
8.
The Borrower authorizes the release of any and all credit information to the Broker, its agents or lenders with
which the Broker has correspondent agreements. The Broker will verify the credit, employment and deposit
accounts listed on the original loan application. If that information varies significantly, it may materially
affect the amount of the loan (due to details which could not be known by the Broker at the time of execution
of this Agreement) including but not limited to: appraised value of the Property, undisclosed credit obligation,
a change in financial circumstances, or a change in available loan programs which may result in the voiding of
this Agreement. Upon completion of all verifications and the Property appraisal, the Broker will submit the
application information to one or more lenders for their consideration to grant a loan commitment.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial