Minimum Submission to Processing Requirements

AUS

AUS (DU, LP, GUS) to be ran and in the file with an Approve/Eligible or Accept rating OR manual
underwrite to be noted on the Processing Order Out page.

DISCLOSURES

Fully signed State and product required disclosures with completed 1003 including 2 year
residence and employment history.

CREDIT REPORT

Tri merged credit report with any issues noted on AUS addressed on Processor Order Out page if
not resolved.

INCOME

Most recent paystubs per AUS or AUS equivalent (WVOE, Day 1 Certainty)
W2(s) per AUS
Tax returns for all self-employed borrowers, borrowers that work for family, etc. as determined by AUS
Required K1’s for self-employed income
Award letter, 1099, trust agreement, etc. for passive income sources – as determined by AUS
Income Calculation Worksheet OR Candor income calculations
Loan Beam on any self-employed borrowers OR Candor income calculations

ASSETS

Asset statements (all pages) – as determined by AUS, showing sufficient cash to close. If borrowers do
not yet have funds verified, receiving a gift, or taking a loan from 401K, a comment needs to be
notated on the Procssing Order Out page. Assets need to be accurate as possible.

PROPERTY

Purchase Loan – Sales Contract with all required addendums
Refinance Only – Title and Appraisal ordered as determined by AUS and/or program OR request Set-Up to order when submitted