Standard Items for Underwriting

Clients Total

Additional Items Needed to Close

Title Policy (obtained by borrower’s attorney) insuring marketable title
Signed purchase & sales agreement
Hazard insurance binder
Current year property tax statement showing taxes paid in full through closing
Appraisal (obtained by us paid by borrower)
Borrower’s counsel’s opinion letter
Voided check to set up ACH payments

All Loans Must Close in an LLC or a Corporation

Articles of Incorporation/Organization
Corporate / LLC resolution authorizing the loan, and the officer(s) authorized to execute the loan documents
Corporate bylaws or LLC Operating Agreement (resolution required)
Certificate of Legal Existence
Copies of Partnership / Trust Agreement
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