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M&T Bank Correspondent Submission ProcessConventional, VA, Treasury Jumbo and HomeStyle LoansM&T BankAttn: Correspondent Conventional Loan Purchase313 Ushers RdBallston Lake, NY 12019Website: www.mtbcl.comEmail Blitzdocs Submission: www.Blitzdocs.netHelpdesk 1-800-378-7212Step One- Register your Loan Log onto MEME (www.mtbcl.com)From the Homepage, choose “New Loan” under the “Price, Register and Lock” heading or choose “Upload a NewLoan” under the “Create a Loan” heading if you have the 1003 in FNMA 3.2 format.Input the requested data and proceed with the registration and lock of loan.Step Two- Submit to M&T Bank for Pre-Purchase Review (Conventional, Treasury Jumbo, HomeStyle and VA LoansOnly) The loan should be fully processed and underwritten by the Lender to M&T Bank Product Guidelines, with theLender’s underwriter signing the 1008.Credit files should be uploaded to BlitzDocs or emailed to [email protected] the file using the submission checklist provided on pages 3 & 4. There is a max of 20 MB per email.Complete the Loan Delivery Contact Information Form with your loan submission so we know who to email thePurchase and Suspense Notifications.Any subsequent submissions for conditions should be emailed identifying the customer name and loan # on thesubject line to [email protected] regarding the Suspense notification can be either directed back to the processor listed on theSuspense Notification or emailed to [email protected]&T will provide the lender with a Clear to Close when all conditions have been met. Lender may close the loanbefore M&T’s clear to close with the understanding that they will still need to provide all outstanding conditionsStep Three- Submit Closed File to M&T Bank Loan must be locked and closed loan documents delivered to M&T Bank prior to the lock expiration date.The closed loan package must be uploaded to Blitzdocs. Packages must be uploaded by 3:30pm EST to beconsidered received that day. This is especially important for loan files with an expiring rate. Do not resend thecredit package.Loan Review Turn Times are posted on page 1 of our daily rate sheet or at www.mtbcl.comPurchase and Suspense Notifications will be e-mailed to the contact provided in the loan submissionQuestions surrounding the initial suspense notice can be e-mailed ies must be cured and the loan cleared for funding by the fifth (5th) business day from the receipt of theSuspense Notice or the lockIf you utilize BlitzDocs for file delivery, please submit all conditions directly through BlitzDocs in the “Conditionsfor Loan Review” Folder. Conditions can also be sent to [email protected] 5001 Corr. Conventional & VA Submission Processrev 10-3-15Page 1 of 6
Loan #:Borrower’s Name:M&T Account Executive:Name of contact person to send status updates:Email address for contact person:Phone number for contact person:Loan Type:USDAConventionalFNMA HomeStyleTreasury JumboFHA 203bFHA 203kVAInformation we should know about the loan:Form 5001 Corr. Conventional & VA Submission Processrev 10-3-15Page 2 of 6
Correspondent Conventional, VA, Treasury Jumbo and HomeStyle Loan FilesCredit Package Submission- Part 1Use Part I to send the credit package for pre-purchase review of your underwriting. Credit files should be uploaded to BlitzDocs.M&T may request additional conditions before loan closing. Once M&T’s review is completed, use Parts 2 and 3 for delivery of theclosed loan documents for loan purchase. Please use this form to stack the loan if a paper submission in necessary.Please check applicable documents included in shipment.Loan Delivery Contact Information FormConfirmed Loan Lock/Registration FormAppraisal with all attachments, including photos of subject property and compsFinal Inspection with photo(s) if applicable (FHLMC or FNMA as required)Property Value Acknowledgement Disclosure (separate form or proof appraisal was sent to borrower via email)FNMA Only: Collateral Underwriter Risk Score and Messages- Corresp. Lender must provide resolution for clearingmessagesIncome Verification — VOE, pay stubs, tax returns, lease agreements, P & L, W-2, income worksheets for Conv.1003 Loan Application (Initial)1008/ Transmittal Summary/VA Loan AnalysisTitle Commitment/Binder/EndorsementsDeedComplete AUS findings, including underwriting report and system-generated 1003 and credit reportCredit Report — RMCR or triple merge credit reportCredit ExplanationIncome Verification — VOE, pay stubs, tax returns, lease agreements, P & L, W-2, income worksheets for ConvAsset Verification — VOD, bank statements, proof of down payment, gift letters, etc.Liabilities — Verification of Mortgage, Verification of RentSales Contract and AddendaHomeStyle Renovation documentation (All forms should be signed and dated by applicable parties)HomeStyle Maximum Mortgage Worksheet [Form 2609]Homeowner Contractor Agreement [Form 2101] One per contractorRehab Permit Certification [Form 8000]HomeStyle Borrowers Acknowledgement [Form 2600]HomeStyle Renovation Consumer Tips [Form 2602]HomeStyle Rehab Loan Agreement [Form MT 4743] (This is a document that will be signed at closing. M&T islooking for the unsigned form to confirm it is completed completely.)Documents each contractor will provide:Cost Estimates for each contractor on their letterhead. Must include detailed line items of work to bedone and state that it includes labor and materials. Must be signed and dated by borrower andcontractor.Contractor License (as required per state and local requirements)Contractor Liability InsuranceContractor Resume [Form 2605]Contractor Acceptance Checklist completed by Correspondent Underwriter [Exh 03-099]Documents the Plan Reviewer would provide on a Full HomeStyle loanSpecification of Repairs/Work Write-Up [Fully Executed by all parties/All Pages]Condo/PUD/WarrantySurveyWell/Septic Test if applicableTermite Inspection if applicableSecond loan submissionsPiggyback — Copy of the first trust’s Note, Deed of Trust, and Closing DisclosureForm 5001 Corr. Conventional & VA Submission Processrev 10-3-15Page 3 of 6
Continued:Initial DisclosuresCredit Score Disclosure(s) and Notice(s) (Facta Disclosure)ARM Loan Program DisclosureLoan Estimates and any Change of Circumstance FormsPreliminary Truth-In-Lending DisclosureState Disclosures, if applicableHomeownership Counseling Checklist DisclosureHomeownership ListProduct Specific Disclosures (ARM)VA DocumentsVA Loan Summary Sheet (VA 26-0286)VA Loan Analysis (VA 26-6393)VA IRRRL Worksheet (VA-8923) (if applicable)Certificate of Eligibility (VA 26-8320) - copy/print-outDD214 – VA Certificate of Release/Discharge from Service VA 26-1820 Report & Certification of Loan DisbursementVA 26-1802a Addendum to Application (pages 1&2)VA Benefit-Related Indebtedness (VA 26-8937) if applicableChild Care Expense StatementNearest Living Relative DisclosureAlive & Well Certification (Lender) – if applicableVA Notice of Value / Certificate of Reasonable ValueVA website Case Query – Print ScreenFinal Step for files submitted through Blitzdocs:Form 5001 Corr. Conventional & VA Submission Processrev 10-3-15Page 4 of 6
File Submission Form – Part 2The Closed Loan PackageThe closed loan package must be uploaded to Blitzdocs . Do not resend the credit package. Packages must beuploaded/received by 3:30pm to be considered received that day. This is especially important for loan files with anexpiring rate.Please check applicable documents included in shipment.Servicing Released LoansFirst Payment LetterInsurance Information and Tax Record FormMortgagee clause endorsement notificationCollateral documentsCertified true copy of the Corporate Assignment to Mortgage Electronic Registration System, Inc., ifapplicableCertified true copy of the Interim Assignments, if applicableOriginal Note with all applicable endorsements and Original Allonge(s) If the Note is not endorsedCertified true copy of the Power of AttorneyCertified true copy of the Deed of Trust/Mortgage with applicable ridersCEMA documents, if applicableFinal Title Commitment/Policy from ClosingFinal Signed HUD-1 Settlement StatementFinal Signed 1003 Loan ApplicationInitial Escrow Account Statement or Escrow WaiverMortgage Insurance DisclosureFinal Truth-in-Lending (include Itemization of Amount Financed)Notice of Right to RescindCompliance Letter or Errors and Omissions AgreementLoan Closing InstructionsFlood Certificate of Flood Zone RatingNotice to Borrower - Flood AreaNotice to Borrower - Flood Insurance CertificateFlood Insurance Policy (or insurance application with proof of payment)Hazard Insurance Binder or Policy and proof of payment including wind coverage as applicableMortgage Insurance CertificateVA 26-1820 Report & Certification of Loan DisbursementVA CommitmentVA Funding Fee ReceiptVA Purchase w/Seller Credit – include addendum to the CD itemizing what items are included in the creditBuydown Deposit Agreement and Buydown Payment ScheduleName /Signature AffidavitIRS Form 4506-TIRS Form W-9 or W-8Leasehold AgreementCompletion Escrow AgreementFinal Inspection with photo(s) if applicable (FHLMC or FNMA as required)Wiring instructions and/or Bailee LetterVerbal VOE completed within 10 days of Closing OR if self-employed within 30 days of closingForm 5001 Corr. Conventional & VA Submission Processrev 10-3-15Page 5 of 6
File Submission Form – Part 3The collateral file should contain original documents only and sent via overnight courier to:M&T BankCorrespondent Conventional313 Ushers RoadBallston Lake, NY 12019Please check applicable documents included in shipment.Original NoteOriginal Allonge (if shipped separately from Note)Wiring instructions and/or Bailee LetterForm 5001 Corr. Conventional & VA Submission Processrev 10-3-15Page 6 of 6
DD214 – VA Certificate of Release/Discharge from Service VA 26-1820 Report & Certification of Loan Disbursement VA 26-1802a Addendum to Application (pages 1&2) VA Benefit-Related
