The Following Items Are Needed For A Loan To Be Submitted, For Rapid Approval Through Our Office:

• Completed Loan Application (1003)
  
• Credit Report
  
• Current bank statements for each bank account.
  
• Signed letter from borrower stating their purpose for this loan.
  
• Signed letter from borrower stating their exist strategy for this loan.
  
• Appraisal or something showing value (such as a Broker Priced Opinion/BPO).
  
• Something Showing Income (such as 7 bank statements, 1099, W-2, current paystub, tax return, leases, etc.)
  
• Broker fees being charged.

CONDITONAL:

• If this new loan will be paying off an existing loan, then we need a copy of the existing mortgage statement.
  
• For 2nds, need a copy of the most recent mortgage statement and NOTE for the senior loan.
  
• Prelim and Escrow contact, unless we will be opening Escrow.
  
• If property is in a Trust or LLC, etc. we will need the Trust Cert, LLC Docs, etc.
  
• Copy of Purchase Agreement if a Purchase.