June 18, 2014

REMN Wholesale is pleased to announce our new Renovation Worksheet.  This replaces our 203k Worksheet, and is designed to assist the Broker with proper disclosure of appropriate fees on all renovation loans; including 203k, HomePath Renovation, and HomeStyle. The completion of this form is mandatory for file submission. Your loan will be rejected by our Opening Department if this is not completed and uploaded in BlitzDocs.

The Renovation Worksheet is located in the Broker Portal. After logging in, select “Actions” and the worksheet appears in the dropdown menu.

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** Please note** REMN Wholesale does not charge a Supplemental Origination Fee on  FHA 203k products or a Loan Administration Fee on FNMA Reno products.

REMN Wholesale has created a detailed “How To” Guide that will show the Broker how to use the Renovation Worksheet. This is located on our website under Tools – Training Materials, and the link is below.

/uploads/2014/01/Renovation-Worksheet.pdf

Please contact your Account Executive with any questions.

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