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Contract Loan Processing, Inc
Over 15 years experience.
What You Do
Each File submitted to CLP Processing
REQUIRES the following Submit file using CLP loan
submission form. This form will include the following information
1. LOs Name and Phone Number
2. Complete and Signed 1003 (handwritten or other)
3. Credit Report (updated reports to come from Mortgage company)
4. Signed Original Disclosures (Including 4506 and lock-in confirmation)
5. Borrower's signed authorization to request supporting documents.
6. GFE or Closing Cost Summary
7. Fully Executed sales contract (if purchase)
8. Submission Information (Lender/Underwriter Information)
9. Appraiser Name, Telephone and Fax Number (Include who will be charged)
10. Attorneys Name, Telephone and Fax Number (Form will state Broker responsible
for any
cancellation fees)
11. Warranty Deed (if Refinance)
12. Current Mortgage Information including Loan Number and Phone Number.
13. Homeowners Insurance Information
14. Necessary Bank Statements, Tax Returns, W-2s and/or Pay Stubs for selected
loan program.
Additionally
1. Funded Files are paid to CLP direct from title company.
2. Initial and Updated Credit Reports are supplied by Mortgage Company.
3. Canceled files are returned to Mortgage Company minus any work that we
performed to the file.
4. CLP reserves the right to confirm cancellation with borrowers and Title
company.
Any file that is canceled and then re-opened, that CLP
submitted to Underwriter,
the processing fee is due.
5. Any negotiations with underwriter is Broker responsibility unless otherwise
agreed to in writing.