LOAN ESTIMATOR

Inputs			Outputs
	$	%	Tests	APR	Pts Fees	Results
Discount Points (%)		0.00 %	Current Loan(Actual)
Lender Fees($)			High Cost(Fed)
Broker Fees($)			High Cost(State)
3rd Party Fees($)			QM
Other Fees($)			HPML
Interest Days($)			Loan Type
Click Get Price button to update Loan Estimator			Valuation Type

LOCK

Lock Detail
Broker Name	Broker Loan ID
Borrower Name	Property Address
Property City	State	Zip
Comments
Broker Email	Acct Exec

Lock Desk Hours: 8:00am - 4:00 pm PST

PREPARE

Disclosure Required

UW Submission Required

UW Submission Recommended

INCOME WORKSHEET

Down Pmt + Closing Costs + Prepaid Fees (Purchase Transaction)
Name of Business		Type of Business

Bank Statement Type		Bank Name

Last 4 digits (Account No 1)	Statement Mos	Last 4 digits (Account No 2)	Statement Mos

Percentage of Business Owned
Note

P & L Information

Income	Loan Details	Totals
	P & L Effective Dates (Start / End)
	Annual Revenue
	Annual Expenses
	Net Income
	Expense Factor %
Qualify	Qualifying Monthly Income (Revenue - Expenses / 12 mo)

Bank Statement
Stmt	Date	Beginning Balance	Total Deposits on Bank Statement	Non-Business Related Deposits	Adj. Deposits (For qualifying)	Ending Balance	NSF/ Overdraft
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Totals:

NSFs (YesNo)
Expense Factor %
% of Deposits Used

100%

%Business Owned

Adj Net Income (Total)
Adj Net Income (Annual)
Adj Net Income (Monthly)

Income	Loan Details	Totals
Income	Down Payment + Closing Cost + Prepaid Fees (Purchase Transaction)

Assets	Account Type	Original Balance	Pct Allowed	Eligible Assets
	Checking/Savings/Money Market
	Stocks and Bonds
	Mutual Funds
	Retirement Accounts (if distribution is not set up)
	Total Eligible Assets

Qualify	Monthly Eligible Assets - Loan [Amortized Over 84 Months]
Qualify	Monthly Adjusted Net Income + Monthly Eligible Assets

DSCR Information
Loan	Details	Totals
	Loan Amount
	Cash-Out Amount (Cash-Out Refi Only)
	Appraisal / Sales Price (Lower of)
	LTV (See Guidelines for LTV Limitations)
	Note Rate
	Payment Type
	Loan Term
	Proposed Monthly P&I Payment

Property	Monthly Property Taxes
	Monthly Insurance
	Monthly HOA
	Total Monthly Property Costs
	Monthly Rent (100% of Gross - Lower of Current or Market Rents)
	Total ITIA
	Property Cash Flow
	DSCR Calculation (Gross Rents / Total ITIA)

Credit	Credit Score
	Borrower Experience: Previous Ownership/Operation of Residential or Commercial Property
	Credit Depth Requirement Met
	Mortgage Lates (Max 1x30x24)

Assets	Funds / Reserves Required to Close	Balances
	Checking/Savings/Money Market
	Stocks and Bonds
	Mutual Funds
	Retirement Accounts
	Gift Funds
	Other
	Cashout Amount Applied Towards Reserves
	Total Assets/Cash out applied toward Reserves/Down payment /Closing costs

	Cash To Close (down payment plus closing costs if purchase)
	Reserves Required Months: 200k-1.0m (6mo), >1.0-1.5m (9mo), >1.5 (12mo)
	Reserves Required Amount
	Reserves Required Amount: Additional (Subject Property)
	Reserves Required Amount: Additional (Additional Properties)
	Total Funds Needed (Cash to Close + Reserves)
	Funds to Close Plus Reserves

Asset Depletion

Loan	Details	Totals
	Loan Amount
	Down Payment + Closing Costs + Prepaid Fees (Purchase Transaction)
	Appraisal / Sales Price (Lower of)
	LTV (See Guidelines for LTV Limitations)

Assets	Account Type	Original Balance	Pct Allowed	Eligible Assets
	Checking/Savings/Money Market
	Stocks and Bonds
	Mutual Funds
	Retirement Accounts (if distribution is not set up)
	Total Eligible Assets
Qualify	Qualifying Monthly Income (Total Eligible Assets - Down Pmt / 84 mo)

BLENDED RATES

	1st Lien	2nd Lien	Blended
Amount
Rate

LOAN SUBMISSION FORM

Priority

15 Day Close Eligible (2nd Lien Only)

See below for requirements and refer to training deck for timeline

Broker Information

Company Name		Loan Officer Name
Company NMLS #		Loan Officer NMLS #
Contact Phone		Loan Officer Email
3rd Party Processor		If Yes, Processor NMLS #
Processor Name		Processor Email
Compensation Type		Account Executive

Borrower Information

Borrower 1 Name	FICO	Email
Borrower 2 Name	FICO	Email
Borrower 3 Name	FICO	Email
Borrower 4 Name	FICO	Email
Title Only Borrower	FICO	Email

Property and Loan Information

Program
Occupancy
Vesting Type
Loan Term
Amortization Type
Loan Purpose
Property Type
Impounds
Payment
Prepay Penalty
Doc Type
Bank Statement Months

Interest Rate
Loan Amount
Loan Amount (Other lien)
Intial Draw Amount (HELOC)
Value / Purchase Price
LTV
CLTV
DTI
DSCR
Estimated Rent (Monthly)
IPS / Buydown
if IPS, Paid for by

Doc Type Income Documentation Requirements

Subject Property Address
City, State, Zip

Required Documentation

1003 Loan Application, Signed and Dated by LO	3.4 File
Broker Fee Sheet	Rate Lock Confirmation, if loan is locked

Property and Loan Information

Borrower Paid Compensation
Broker's Origination	Underwriting Fee	0.00
Credit Report Fee (Invoice Required)	Tax Service	$0.00
3rd Party Processing Fee (Invoice Required)	Flood Cert	$0.00
Lender Paid Compensation
Broker's Origination	Underwriting Fee	0.00
Credit Report Fee (Invoice Required)	Tax Service	$0.00
3rd Party Processing Fee (Invoice Required)	Flood Cert	$0.00

Required Services

Appraisal Fee* (All Loans)

Type in Fee Name		Fee Amount
	(Invoice Required)
	(Invoice Required)

Service Providers Name & Contact Information

Prepaids

Escrow Type	Escrow Y/N	Annual Amount
Hazard Insurance
County Taxes
Flood Insurance
Other

Notes

Escrows many not be waived if any of the below apply:

HPML loans

Scenario Input		LLPA	Message
Product*
Note Rate*
Occupancy*
Credit Score*
CLTV*
Loan Amount*
Amortization Term*
Amortization Type*
Document Type*
Bank Statement*
Months Reserves*
DTI*
DSCR*
Purpose*
Cash-out Amount*
Property*
Valuation Type*
State*
Housing History*
Credit Events*
Citizenship*
Employment*
1st Time HB/Inv*
Payment*
Servicing*
Prepay*
Lock Term*
Lock Type
Compensation Type*
Total LLPA

Max Price
Final Price