We take a thorough and complete loan application from all of the borrowers
We collect documentation from borrowers to verify income, cash to close and identity
We pull and review the borrowers' credit reports
We properly classify the loan based on annual percentage rate (APR) to High-Cost Loan (HCL) or Higher-Priced Mortgage (HPML) and confirm requirements for classification are met
We provide all initial federal and state mandated disclosures as well as documentation that they were delivered within required time frames
We create and present an underwriting summary to the seller
Seller approves or denies loan
We confirm late charge clause in Note complies with HCL/HPML requirement
We oversee the preparation of and we review the TRID closing disclosure and insure proper delivery timing with documentation
We prepare closing disclosures including calculation of final APR and initial escrow account deposits. We also provide the Initial Escrow Account disclosure for closing.
We collect and organize all loan documents including initial and final disclosures, underwriting documents, verification documents, and closing documents. Seller receives copy of completed loan binder
We complete and submit loan servicer package (approved servicers only)
We file all Mortgage Call Reports through National Mortgage Licencing System (NMLS)
We manage audit of file by Texas Department of Savings and Mortgage Lending (TDSML)
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North Texas Homes, LLC DBA Investor Mortgage Compliance Services
NMLS #1705723 2208 Molly Lane Plano TX 75074 972-881-4739