HELOC Eligibility Analysis and Certification - REMN Wholesale - A Division of Homebridge Financial Services

Borrower Name(Required)

First Last

Borrower Email(Required)

Enter Email Confirm Email

Subject Property Address(Required)

Subject Property City(Required)

Subject Property State*(Required)

*Only listed States are currently available for the HELOC program

Subject Property Zip Code(Required)

Is the home currently for sale?(Required)

This HELOC product is not currently available on homes that are listed for sale.

Estimated Property Value (per Zillow Zestimate)(Required)

Amount of First Mortgage(Required)

Requested HELOC Amount(Required)

Total Monthly Household Income(Required)

Credit Company(Required)

Date Credit Report Run(Required)

Credit Report ID#(Required)

Credit Bureaus Accessed(Required)

Experian

TransUnion

Equifax

Borrower Middle Credit Score(Required)

Total Monthly Debts (not including HELOC Payment)(Required)

Broker Certification(Required)

The individual clicking the checkboxes and completing the information below is an authorized representative of the Broker/Emerging Banker and certifies that all information indicated below is true and accurate.

We have assisted the borrower in fully completing a Residential Mortgage Loan Application and provided the borrower all required broker initial/application state and federal disclosures.

We have analyzed the borrower’s income and debt (based on documentation provided by the borrower and the credit report), and prequalified the prospective borrower to determine the maximum HELOC that the prospective borrower could likely afford/obtain.

We have educated the prospective borrower in the financing process, and advised the borrower about the different types of loan products available, and demonstrated how closing costs and monthly payments could vary under each product.

We have assisted the borrower in understanding potential problems associated with the history reflected on their credit report.

We will maintain regular contact with the borrower and lender, between application and closing, to apprise them of the status of the application and gathering any additional information as needed.

All Five (5) of the above Items are Required to Proceed:

Mortgage Loan Origination Agreement

You, the applicant(s), agree to enter into this Mortgage Loan Origination Agreement with your mortgage broker (listed below) as an independent contractor to apply for a residential mortgage loan from a participating lender with which we from time-to-time contract upon such terms and conditions as you may request or a lender may require. We are licensed as a "Mortgage Broker" under applicable State Law.

Section 1. Nature of Relationship

In connection with this mortgage loan we are acting as an independent contractor and not as your agent. We will enter into separate independent contractor agreements with various lenders. While we seek to assist you in meeting your financial needs, we do not distribute the products of all lenders or investors in the market and cannot guarantee the lowest price or best terms available in the market.

Section 2. Our Compensation

The lenders whose loan products we distribute generally provide their loan products to us at a wholesale rate. The retail price we offer you – your interest rate, total points and fees – will include our compensation. In some cases, we may be paid all of our compensation by either you or the lender. Alternatively, we may be paid a portion of our compensation by both you and the lender. For example, in some cases, if you would rather pay a lower interest rate, you may pay higher up-front points and fees. Also, in some cases, if you would rather pay less up-front, you may be able to pay some or all of our compensation indirectly through a higher interest rate in which case we will be paid directly by the lender. We also may be paid by the lender based on (i) the value of the Mortgage Loan or related servicing rights in the marketplace or (ii) other services, goods or facilities performed or provided by us to the lender. For the REMN HELOC (Home Equity Line of Credit) program, the lender will pay us a fee of 1.00% of the initial draw on your line of credit.

Entering your name and date below signifies your agreement to the above.

Broker MLO Name(Required)

Today's Date(Required)

Broker MLO Name(Required)

Broker MLO NMLS#(Required)

Broker MLO Email(Required)

Enter Email Confirm Email

Broker MLO Phone(Required)

Broker Company Name(Required)

Broker Mailing Address(Required)

Broker fee check will be sent to this address.

Street Address Address Line 2 City State ZIP Code

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