Wholesale Mortgage Lender & California Mortgage Lender of Subprime Mortgages, Wholesale Mortgage Lending - Mandalay Loans, Leading California Wholesale Mortgage Lender



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Residential Subprime Wholesale Mortgages - Prequalification

 



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Broker Loan Submission Form

Fill out the form to get a printable version.

This form must be fully completed and must be submitted with the information under "Minimum Submission Requirements".

 
MANDALAY ACCOUNT EXECUTIVE
 
Broker:       Address:
Phone:    Fax:    Broker Contact:
Borrower:       Co-Borrower:
Property Address:       City/State/Zip:
Email Address:
Interest Only: Purchase Owner Occ Second Home Full Doc Stated
FICO Score: REFI Non Owner   Limited Doc
Appraised
Value:		 $       If purchase,
sales price:		 $
COST/YSP FIRST MORTGAGE SECOND MORTGAGE SELLER SECOND
Par < .5 >
  < 1 >
  1.5
  < 2 >
2/28 15/15 Fixed
3/27 30/30 Fixed
5/25  
10 % 15 %
20 %  
Term Years

(Minimum 3)
Loan Amount $ $ $
Rate/Margin   %   %   %
LTV/CLTV   %   %   %
Credit Grade: Prepayment Penalty
Property Type:
SFR  Detached PUD  Attached PUD/Condo  Units  #   Manuf
MINIMUM SUBMISSION REQUIREMENTS
If minimum requirements cannot be provided, please complete Mandalay Loans' Prequalification Form for program availability.
On All Loans: (also: stacking order)
  • Mandalay Submission Form
  • GFE (Good Faith Estimate)
  • 1003 Application
  • 1008 Application
  • Credit Report
  • Income Documentation (unless stated)
  • Purchase Contract
  • Appraisal (w/ color photos)
  • Appraisal Invoice
  • Title Report
  • If seller second, copy of terms.
    • Purchase Loans
  • Copy of signed/dated contract/lease option
  • If seller second, copy of terms.
    		•  Full Doc Loans:
  • Pay stubs up to 30 days old
  • W2's - 1 Year
    • If needed:
  • 1040's/1120 - 2 Years
  • 24 Mos. bank statements
  • Social security and/or pension award

    • Limited Doc Loans:
  • 12 Mos. Personal Bank Statements
  • 12 Mos. Business Bank Statements

    • Stated Income Loans:
  • If S/E 2 Years proof S/E
  • Income listed on 1003
    		•

    MINIMUM CREDIT SCORES:
    500 Mid Fico


    To submit this form and get a printed version for your records, click "Send Form":



     

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