COR 0005 (10/02/20) TRUIST . CORRESPONDENT UNDERWRITING SUBMISSION CHECKLIST “This Form MUST be Included with Your Submission File” THIS SECTION MUST BE COMPLETED - IN ITS ENTIRETY
TRUIST CORRESPONDENT UNDERWRITING SUBMISSION CHECKLIST "This Form MUST be Included with Your Submission File" Truist Loan Number Borrower's Name THIS SECTION MUST BE COMPLETED - IN ITS ENTIRETY Purchase - COE Date Client Company Name Client contacts for Underwriter communication Primary Contact [Processor] PH Email Secondary Contact PH Email Truist Lock Desk Truist Contacts All pricing issues PH: 800-382-2111 Opt. 2 Email Correspondentlockdesk@suntrust.com SUBMISSION CHECKLIST Required Credit Documents - Missing documents will delayyour loanuntil missing items are received Submission Form "this form": we need the contact information above to notify you on status updates 1003/ Initial Loan Application "Signed" Gov. Monitoring Info, home phone, DOB and NMLS for LO & Company 1003 Addendum with Demographic information 1003/ Final Submission Application "Unsigned" Gov. Monitoring Info, home phone, DOB and NMLS for LO & Company 1008/ Transmittal Summary LOE's & Cover Letters DU or LP findings Finalized to Truist **note: Key Loan Program is manually underwritten, no AUS required** Appraisal Waiver or PIA: Indicate Yes or No to confirm in writing the borrower(s) are opting for the waiver and an appraisal has not been ordered. For Refinance Transactions, Include "Property Ownership Affidavit" [COR 0061] [may be signed as a PTC] (if not indicated Yes or No this will be conditioned for) Credit Report: Age of Document: Agency and Key: 120 days as of Note Date Income & Assets: Age of Document: Agency and Key: 120 days as of Note Date Flood Cert: Must be submitted with the credit file on ALL loans that Truist underwrites. Preliminary Title Report: Purchase Contract: Legible, All Addendums & Counter Offers included & Signed by all parties (Not required for initial Credit Only submissions) TRUIST PROCESSING AID Credit Package Submission Instructions 1. Client must Not deliver the Appraisal before delivering the Credit File 2. Credit File is uploaded to Lending Space: https://LoanSphereLendingSpace.bkiconnect.com/stm/SRVLPSPORTAL/ "Org. ID" is always: STM 3. Upload the Credit File in separate file from the Disclosures file [do not mix disclosures and credit documentation in same file] 4. When uploading the Credit file, it must be labeled: UW Credit Package & Submitted using "Submit to Underwriting" 5. When uploading the Credit Only file (TBD address), it must be labeled: UW Credit Package & Submitted using "Submit to Credit Only Approval". 6. Subsequent Credit Conditions must be labeled: UW Pend Conditions & submitted using "Submit Conditions". Disclosures Upload Disclosures as a separate File from your Credit File [i.e. Do Not Upload Disclosures in the same file as the credit pkg.] Flood Cert If Flood Determination is Zone A or V Escrows Are Required by Fed. Law! Impound for, min. Flood Insurance [regardless of LTV] Appraisals **Appraisals are uploaded to the Doc Center in LendingSpace 1. Upload Appraisal in MISMO XML format to the Doc Center in Lending Space: https://LoanSphereLendingSpace.bkiconnect.com/stm/SRVLPSPORTAL/ 2. Upload Purchase Contract if applicable SSR reports Upload SSR's to LendingSpace/ SSR's must match the final Truist approved Appraisal Note: You Must upload SSRs for both Fannie & Freddie Mortgage Insurance The MI Cert is ordered by the Correspondent [thru Correspondent's own chosen MI company] - PTC condition Condo Warranty ** Condo Warranty is "emailed" to Mortgage.CondoDesk@suntrust.com 1. Please Check the Fannie Mae approved Project List and the Truist Approved Condo list in Section 1.06: Condominium and PUD Approval Requirements within the Truist Seller Guide. If condo is on the list provide a screen shot and circle the condo project on the list. 2. Include: Condo Submission Form COR 0215 3. Include: Applicable Condo Warranty Documents [See Condo Submission Form for Documents Re quired] Note: CCR's are required "if" the condo Unit Owners carry their own hazard/flood insurance [example: detached condo's] Note: Key Jumbo requires full warranty Note: For Applicable Warranty Required : DU: see Property & Appraisal Section of find ings; LP: see seller guide COR 0005 (10/02/20)Microsoft Word 2010