Form 1 - Loan Submission Summary (Lss)
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1Loan Submission Summary (LSS)
Form 1
Seller Name:
Seller Loan #
Wells Fargo Loan #
Commitment #
Takedown # (Mandatory
only):
The Loan Information section is required to be fully completed.
Missing information will result in Loan suspension.
Loan Information
(“X” the box to the left of the primary wage earner.)
Borrower Name 1:
Borrower Name 2:
nd
nd
2
Mortgage Lender:
2
Mortgage Balance:
If LOC, Max loan amount:
LOC
Loan
$
$
Tax Information
Waived (Borrower has elected to not create a monthly tax escrow)
Exempt (Borrower is exempt from property taxes)
Next Discount Date or Economic Loss Date (ELD) for Wells Fargo*
____/____/_______
Note: A Discount date should be used first if available, then ELD. The ELD date is the last day to pay taxes without a penalty.
*Out of all taxing authorities, only provide the single earliest dated discount date or ELD for Wells Fargo. See Seller Guide
Section 515.03 for further details.
Origination Information:
RESPA Application Date:
_____/_____/_______
*Final Borrower Rate Lock Date (HPM):
____/____/_______
*Note: This is the latest date that the Borrower locked their interest rate with the Lender. This date cannot be after closing.
Name of the entity that originated the loan:
Name of the lender that underwrote the loan:
Name of the lender that closed the loan:
Compensation (Broker/Table Fund Loans Only)
Lender Paid
Consumer Paid
Pricing and Underwriting Information
Underwriting Method
AUS Used (check all that apply)
®
®
Delegated Underwriting
FHA Loan Score
FNMA Desktop Underwriter
(DU
)
Wells Fargo Prior Approval
FHMLC Loan Prospector
®
(LP)
Manual Underwriting
Loan Product
Interest-Only
Fixed
LIBOR ARMS
Product
Term
30 year
15 year
Conf. 3/1
5/1
30 year Fixed
Conf. 3/1 ARM
10 years
25 year
10 year
7/1
10/1
5/1ARM
7/1ARM
20 year
10/1 ARM
Documentation Option
Full
FHA Streamline Refi
VA IRRRL
Special Programs (if applicable-check all that apply)
®
Builder Grant Option
High Balance Loan Programs
Home Possible
Buydown
High Balance VA Loan Program
MyCommunityMortgage
®
CEMA
High Balance FHA Loan Program
RD Guaranteed Rural Housing
Community Homebuyer’s
High Balance Conforming Loan Program
(GRH) Loan
Co-op Loan
Home Opportunities
SM
.
Super Conforming Mortgage
Down Payment Assistance
Non-Traditional Credit
Program
TM
DU Refi Plus
Cash On Hand
Trust Loan
®
Energy Efficient Mortgage
HomePath
Non-Conforming/Jumbo
New Construction Loans – Conventional only
Spec or Model Home: Check this box, if purchase of new property, not previously occupied and borrower did not obtain
construction financing. If this box is checked, do not choose a construction loan type from below.
If new construction, identify construction loan type based on one of the three columns below:
If DU utilized, choose one of
If LP utilized, choose one of the FHLMC
If no AUS was utilized (Prior
the FNMA construction loan
construction loan types:
Approval Non-Conforming or Prior
types:
Approval Manual Underwrite):
Integrated Documentation
Single-Closing (with Special
Single Close
Separate Documentation
Feature Code 151)
Double Close
Modification Documentation
Two-Closings
Double Close - Modification
Fannie Mae’s Modification option
Single Close Modification
Double Close Modification
I affirm that all answers and information submitted in this Loan Submission Summary are true and correct, and that Wells
Fargo Funding (Wells Fargo) is entitled to rely, and is relying on the information contained herein. I hereby authorize Wells
Fargo, at its discretion, to verify the information with any other sources.
Contact Name: ________________________________________ Phone: ____________________________
Email Address: _____________________________ Fax: ______________________
Signature: ________________________________________________
Date: ________________________
Effective Date: December 7, 2013
Form 1 - Page 1 of 1
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Parent category: Business