real estate finance - full book (500 pgs)

Therefore lenders are concerned about only the early

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Unformatted text preview: ons or forms, if any, cited in the Underwriter Certification. Copy of note with appropriate riders. Copy of mortgage instrument. HUD–1 Settlement Statement. Form HUD–92900 (copies 1 and 4), Application for Insurance. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 14-22 Licensing School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities 14: THE LOAN PROCESSING 12. 13. 14. 15. 16. Form HUD–92900, Mortgage Credit Worksheet (original). Form HUD–92800.5B, Statement of Appraised Value. Uniform Residential Appraisal Report (original) Photographs of property and comparable sales data. Form HUD–92800, Application for Property Appraisal and Commitment. Left Side of Case Binder (Top to bottom): 1. 2. 3. 4. 5. 6. Form HUD–92900 (copy 7), Application for Insurance. Form HUD–92900, Mortgage Credit Worksheet (carbon or photocopy). Uniform Residential Appraisal Report (photocopy). Mortgagee's Assurance of Completion (Form HUD–92300), where escrow was established for incomplete work. Affirmative Fair Housing Marketing Plan (it applicable). Copy of Builder Certification (only for “proposed” construction and “existing” construction cases involving new construction and high loan– to–value ratios). Form HUD–92051, Compliance Inspection Report(s), if applicable, for an “existing” or “proposed” construction case. Include photographs of site grading and drainage. Form HUD–92577, Request for Change to Plans and Specifications (if applicable). Form HUD–92544, Warranty of Substantial Completion with Plans and Specifications. Include One–Year Performance Guaranty from builder on workmanship and materials. Specific Condition(s) clearance documentation (i.e., local health authority approvals, termite inspection report or soil treatment certification, certificate of occupancy, etc.). Ten–Year Warranty Insurance Certification (if applicable). 7. 8. 9. 10. 11. Dynasty School (www.dynastySchool.com) 14-23 REAL ESTATE FINANCE 12. 13. 14. 15. 17. 18. 19. 20. Credit Report Verification of Deposit Copy of bank statemen...
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This note was uploaded on 12/30/2010 for the course SOC 101 taught by Professor Zhung during the Spring '10 term at Punjab Engineering College.

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