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A copy of the first payment letter from the Client to the borrower must be provided with the closed Loan File. The first payment letter should include the borrowers’ mailing address if different than the property address (second home or...

A copy of the first payment letter from the Client to the borrower must be provided with the closed Loan File. The first payment letter should include the borrowers’ mailing address if different than the property address (second home or...

PHH requires a current pay history if one or more payments are due or have been paid at the time of loan purchase. The history is preferred to be system generated and must include the following on the Client’s...

PHH requires a current pay history if one or more payments are due or have been paid at the time of loan purchase. The history is preferred to be system generated and must include the following on the Client’s...

A W-9 is required for each borrower on all loans:

• Must include a form for each borrower
• Must be signed and dated by borrower
• The form must reflect the borrower(s)’ SSN

A W-9 is required for each borrower on all loans:

• Must include a form for each borrower
• Must be signed and dated by borrower
• The form must reflect the borrower(s)’ SSN

Our Servicing Division must have sufficient time to process the loan before the first full monthly payment is due, therefore, an interest credit to the borrower at closing can only be made up to the 10th day of the month.

Our Servicing Division must have sufficient time to process the loan before the first full monthly payment is due, therefore, an interest credit to the borrower at closing can only be made up to the 10th day of the month.

An Itemization of Amount Financed must be included in the closed loan fil. This information is typically included on page five of the Closing Disclosure.

An Itemization of Amount Financed must be included in the closed loan fil. This information is typically included on page five of the Closing Disclosure.