Divorce decree must be provided with all attachments

Appraisal Waiver eligible - if elected, provide PIW Disclosure signed by borrower.

If subject is an attached PUD unit, provide - (1) HOA Certification Letter; (2) confirm if HOA master insurance includes the subject unit.

LOE for employment variances reported on credit report

Cleared by funder

This condition is issued when WMB cannot verify the borrower's social security number or the borrower's social security card is missing in the file. This condition may also be issued when there are social security number variations/discrepancies reporting on the borrower's credit report. To Resolve - upload Social Security Card

Gift Letter, with donor's source bank name and account number.

Appraisal Desk Review required due to SSR score higher than 2.5. Credit card authorization required - will be ordered internally.

This condition is issued when the borrower's citizenship status on the 1003 is indicated as "Permanent Resident Alien". At least 90 days of effective date must remain on the Green Card from the funding date, or the borrower must provide a proof of extension either in I-797 or I-551 stamp on passport. The extension must be valid up to the funding date. To Resolve - upload (1) Green Card front and back (2) if applicable, proof of Green Card extension (I-797 or I-551 stamp on passport)

Solar Panel related - copy of contract showing financing terms.

Business License - (1) last 2 yrs (2) current year

The underwriter conditions that tradeline(s) to be paid it off or closed with zero balance.

The underwriter will condition

For other rental properties

Fully executed Purchase Contract, including Counters, Addendas, and all applicable RE Disclosures.

Brand new house

Subordination - (1) Jr. lien Note or HELOC Agreement (2) Subordination Agreement

CPA/Tax-Preparer Letter -

VOM or Credit Supplement for -

Rent-Free Letter from relative

Any condition related with RPA will be used

Updated Settlement Stmnt. (certified copy)

1) subject address and APN# 2) Legal description 3) Subject to 4) Liens - PACE (solar loan from government) - Solar - 2nd lien

LOE for credit derogs/disputes reported on credit report

Borrower-signed P&L - (1) last 2 yrs (2) YTD

POA elected - (1) certified copy of executed POA; (2) Title company to acknowledge that they have reviewed and approved POA; (3) borrower's LOE incl. reason for POA and the relationship between borrower and the appointed; (4) prior-to-funding, copy of ID for the appointed and Patriot Act form completely filled out.

Updated/most-recent pay stubs for - BORROWER

Public listing

Payoff Demand, good through funding date (certified copy)

This condition is issued when the Final URLA (1003) is missing borrower's or loan officer's signatures/initials To Resolve - upload fully executed Final 1003 with both borrower and loan officer's signatures/initials

Master's ss with all closing funds

Termite Report & Clearance OR Buyer's Inspection Waiver

The underwriter will review that EMD receipt from escrow and source of EMD amount from borrower(s) asset account(s)

Credit report

Title vesting under an entity - (1) Entity Articles of Organization and Operating agreements; (2) corporate documents that contain a list of owners/partners with title/position; (3) IRS issued TIN/EIN; (4) Certificate of Authorization for the person(s) executing all documents on behalf of the entity, or, Corporate Resolution to enter loan contract.NOTE: Subject loan requires all owners/members of the entity to provide personal guaranties. All owners/members must fill out loan application in the capacity of guarantor.

All Deeds to be recorded (certified copy)

2nd Appraisal Report required due to Loan Amount being $1.5 mil and higher.

This condition is issued when the borrower applies for a cash-out refinance. Borrower must explain the purpose or the intended use of the net cash-out proceeds. Additional conditions may apply if the borrower intends to obtain new liability with the cash-out proceeds (such as new mortgage, new auto loan, etc.).

Lender's Rate and Term Amendment (certified)

This condition is issued when the borrower applies for a DSCR loan or a business-purpose loan. File must contain borrower's attestation confirming borrower's intended use of the subject property as an investment property. Also, when there is a concern regarding borrower's proposed occupancy (due to not currently owning a primary residence, etc.), WMB may require the borrower to provide a detailed motivation letter supporting the borrower's intent to utilize the subject property as an investment property. To Resolve - upload (1) completed WMB occupancy attestation form (2) detailed occupancy motivation letter (generic LOE format signed by the borrower ALLOWED. No specific WMB form requirement)

This condition is issued when not enough information is provided to WMB to make an underwriting decision. Also, this condition may be issued due to various red flags discovered during the review such as straw transaction, bailout transaction, occupancy issue, employment/income issue, etc. To Resolve - upload (1) detailed LOE (2) supporting documents, if applicable

For DSCR programs

Fully executed Escrow Instruction and Vesting Amendment (certified copy)

Payoff Demand for all mtgs.

Flood Insurance required - (1) building coverage must be at least $250,000 or replacement cost, whichever is lower; (2) invoice for the premium; Flood Insurance related disclosures fully executed - must be signed by borrower at least 10 days prior to loan funding).

Verifying social security number

This condition is a note for EOI's 1st mortgagee

This condition is issued when the Driver License is missing in the file or provided Driver License has expired. To Resolve - upload unexpired Driver License

Updated Master Settlement Stmnt

This condition is issued when not enough information is provided on the Initial URLA (1003) or when the fully executed Initial URLA (1003) is missing To Resolve - upload (1) updated Initial 1003 with missing information OR (2) fully executed Initial 1003 with both borrower and loan officer's signatures

Evidence of insurance for primary residence

Business asset/funds being used (1) proof document showing borrower owns 100% of the business (2) CPA Letter to confirm borrower has full access to business funds and use of the funds will not have negative impact on the ongoing business operations (3) if using to satisfy reserve requirement, funds must be transferred into personal account prior to CTC

Condo Project Full Review - (1) HOA Questionnaire (2) CC&R (3) Articles of Incorporation (4) By-laws (5) Budget (6) Reserves Study

Access letter must be indicated (1) bank(s) name, (2) account number(s), and (3) relationship between joint owners of the account(s)

Check tax rate for each county and tax season

12 mo. mtg rating - VOM or mtg stmts

CPA-signed P&L - (1) 2021 (2) YTD

Foreign National borrower - fully executed IRS Form W-8 (BEN).

For the borrowing entity - (1) copy of operating agreement, and any and all amendments, supplements and/or modifications thereto, certified by the appropriate manager or member; (2) complete current list of members certified by manager or member; (3) certificate of good standing; (4) last filed Statement of Information copy; (5) document showing EIN.

rental income check

This condition is issued when fully executed and correctly dated WMB's e-consent form and WMB's borrower's cert & auth form are missing. WMB must pull a lender back up credit report (on all programs that require credit report). In order to do so, WMB must have borrower's consent. To Resolve - (1) download WMB's e-consent form and WMB's borrower's cert & auth form (2) advise borrower to sign and date both forms (must be dated on or prior to the submission date) (3) upload fully executed forms to the web portal

SSA-89 must be required below: 1) credit agency name and address 2) lender company name and address 3) borrower name, address, SS# and DOB 4) borrower's wet-signature and signed date

Funder will pull the PCCR before funding to avoid the additional liability

If file was moved to initial UW without e-disclosure

Borrower's Acknowledgment Letter, confirming the lesser appraisal value and intent to proceed with the transaction.

Seller signed ssand seller CD with forwarding address (certified)

Flood Cert.

W-2's for - BORROWER

The underwriter usually conditions that new credit report regarding incorrect borrower's info. such as SS#, DOB, or Current residence.

Appraisal 1004D/442 for "subject to" repairs or completition.

Limited Condo Project Review - HOA Questionnaire

Evidence of insurance for investment (NOO)

This condition will be used for closing funds, down-payment, or reserves.

CPA-signed Letter confirming - (1) % ownership (2) CPA prepared last 2 yrs business tax returns (3) location of business (4) CPA license #

P&L for - (1) current year YTD; (2) signed by borrower; (3) biz bank acct. last 3 mos stmnts to support P&L; (4) IF last year tax is not filed yet, also provide P&L for entire last year.

Copies of all Closing Funds with Receipts (certified copy) - must include wire details page, showing sender's bank and account number.

Appraisal Report with Rental Survey (1007 for SFR/Condo)

This condition is for condo

For credit reference, provide one of followings: (1) U.S. credit report; OR, (2) international credit report; OR, (3) credit reference letter from financial institution/bank, either domestic or foreign. Letter must clearly show institution name, address, contact phone number, and contact person.

Wet-signed 4506-C for W-2/1040/1120(s)/1065 transcripts

This condition is issued when the borrower's citizenship status on the 1003 is indicated as "Non-Permanent Resident Alien". At least 90 days of effective date must remain on the Employment Authorization Card from the funding date, or the borrower must provide a proof of extension in I-797C form Eligible VISA types : E-1, E-2, E-3, G-1, G-2, G-3, G-4, H1-B, H1-C, H-2, H-3, H-4, L-1A, L-1B, L-2, O-1A, O-1B, TN-1 and TN-2 Eligible EAD categories : A03-08, A13-20, C02, C03B, C03C, C04, C06-09, C12, C16, C20, C22, C24, C33 A13, A16, A19, C09, C20, C22, C24 - Case-by-case basis C33 (DACA) - Only eligible for Fannie Mae and FHA To Resolve - upload (1) EAD card front and back OR valid VISA (2) if applicable, proof of EAD extension (I-797C form)

Article of Incorporation (Corp) or Articles of Organization (LLC) and all amendment thereto with appropriate filing stamps.

This condition is issued when the borrower's citizenship status on the 1003 is indicated as "Non-Resident Alien". Unexpired Passport and Valid VISA must be provided. Also, I-94 may have to be provided for certain loan programs. Eligible VISA Types : B-1, B-2, C-1, C-2, C-3, C-4, Q-1, Q-2, R-2, TD, U-3 To Resolve - upload (1) unexpired Passport (2) valid VISA (3) I-94

Appraisal Report

For Seller Organization (corp., LLC, partnership) - organization entity related documents and Authorized Signers List.

Last 1 year filed 1065 tax return, signed by borrower.

Appraisal is being transferred - (1) Appraisal Transfer Letter from transferring Lender; (2) the transferring lender Certificate of Appraiser Independence letter that was issued with the original appraisal; (3) XML format of full appraisal with UCDP/SSR; (4) copy of LE that was disclosed with appraisal fee (with signed Notice of Intent to Proceed signed by borrower prior to ordering the original appraisal); *NOTE* If any modifications, corrections or material changes are required to the appraisal, the original appraiser must cooperate. If the appraiser fails to cooperate with any requests, a new appraisal must be obtained. Original report may not be more than 120 days old by the date of funding of subject transaction.

Appraisal Desk Review required due to Loan Amount between $1.0 mil. to $1.5 mil. Credit card authorization required - will be ordered internally.

Escrow Instruction and Vesting Amendment

Appraisal XML file, UCDP/SSR, AIR Cert., Invoice, and Proof of Delivery to borrower.

Buyer signed ss (certified)

Escrow receipt (certified) and wire detail showing sender's acct number for all closing funds

1) Trust cert. name 2) Authorization for purchase agreement execute 3) wet sign 4) signed date 5) vesting

This condition is issued when WMB cannot determine the borrower's US citizenship status. This condition is also issued when the borrower's social security number issue date EITHER cannot be verified or has been issued less than 10 years per credit report. To Resolve - upload (1) U.S. passport OR (2) Citizenship Cert

For subject property

Purchase Contract - (1) page 1, #3.E(3) to be check-marked with "Investment"; (2) page 16, provide all contact info incl. address, email add., and text# for all R.E. agents; (3) page 16, ESCROW HOLDER ACK. to be completely filled out; (4) counters/addendum; (4) missing disclosures incl. AD, BIA, SBSA, etc.

WrittenVOE for - BORROWER

Last 1 year filed 1040 tax return (with Sch.E for rental income), signed by borrower.

VOR for current residence

Checking all inquires of mortgage rate shopping, credit card, or government grant.

Checking undisclosed properties or occupancy issue.

Mortgage insurance required

Last 1 year filed 1120/1120-S tax return, signed by borrower.

Foreign National borrower - must provide/have a bank acct. in the U.S. for ACH payment setup. ACH setup form to be filled out with loan closing docs.

12-48 hours

The investor did not decline due to uniqueness of the structure but because the property is located in a rural/underserved area per CFPB. CFPB is the one who provides this info, so it holds significant authority when initially determining if the property is located in a rural area.

No

The property must have been purchased (or acquired) by the borrower at least six months prior to the disbursement date of the new mortgage loan except for the Fannie Mae guidelines B2-1.3-03, Cash-Out Refinance Transactions For EDSCR or EzDSCR programs, There is no seasoning requirement for cash-out per our guideline as long as the borrower is on the title before the cash-out. However, an underwriter will thoroughly search to make sure that the transaction isn’t – (1) a bailout; OR (2) a straw transaction.

Delayed Financing / Value Seasoning