List of Documents we Collect and Review for Loan Auditing

Here is a list of documents we collect and review for the loan audit:

Initial Borrower Application
Borrower Authorization
Credit (credit used to qualify the loan)
Initial Disclosures
Initial GFE
Initial TIL
Estimated Settlement Statement (HUD 1)
Lender Loan Approval
Appraisal (Appraisal used to qualify the loan originally)
Final Borrower Application
Final Disclosures
Final GFE
Final TIL
Final Settlement Statement (HUD 1)
NOTE
Deed of Trust / Mortgage Document
All Riders
Escrow Instructions
Title policy
Right of Rescission (if refi)
Purchase Agreement (if purchase)

    FNMA 1003
Borrower Application - Detail Loan application from Borrower
    Borrower Authorization
Form signed by Borrower authorizing Lender to pull his credit and review his personal information for the purpose of loan qualification.
    GFE-
Good Faith Estimate - Estimate of Borrowers Closing costs and loan terms.
    TIL
Truth in Lending - Federally mandated disclosure of loan rate, payment, amount of loan and total of all loan payments through the end of term.
    HUD 1
Settlement Statement - Detailed accounting statement for the loan and how the money is disbursed at closing.
    NOTE
The IOU that the Borrower signs for the loan.
    Deed of Trust/Mortgage
This is the lien on the property or collateral agreement against your property.
    Right of Rescission
Form that gives the Borrower the right to change their mind about a refinance within three days of signing the loan documents.

	Forensic First Group 17284 Newhope Street Fountain Valley, CA 92708 >> contact us <<	Here is a list of documents we collect and review for the loan audit: Initial Borrower Application Borrower Authorization Credit (credit used to qualify the loan) Initial Disclosures Initial GFE Initial TIL Estimated Settlement Statement (HUD 1) Lender Loan Approval Appraisal (Appraisal used to qualify the loan originally) Final Borrower Application Final Disclosures Final GFE Final TIL Final Settlement Statement (HUD 1) NOTE Deed of Trust / Mortgage Document All Riders Escrow Instructions Title policy Right of Rescission (if refi) Purchase Agreement (if purchase) FNMA 1003 Borrower Application - Detail Loan application from Borrower Borrower Authorization Form signed by Borrower authorizing Lender to pull his credit and review his personal information for the purpose of loan qualification. GFE- Good Faith Estimate - Estimate of Borrowers Closing costs and loan terms. TIL Truth in Lending - Federally mandated disclosure of loan rate, payment, amount of loan and total of all loan payments through the end of term. HUD 1 Settlement Statement - Detailed accounting statement for the loan and how the money is disbursed at closing. NOTE The IOU that the Borrower signs for the loan. Deed of Trust/Mortgage This is the lien on the property or collateral agreement against your property. Right of Rescission Form that gives the Borrower the right to change their mind about a refinance within three days of signing the loan documents.

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