Exception Request Form
Fillable form used to request an underwriting exception on a delegated or non-delegated loan. Collects loan-level details (origination type, program, loan number, borrower, amount, note rate, purpose, sales price, appraised value, LTV/CLTV, credit score, DTI/DSCR, doc type, property type/state, reserves, self-employment status), a free-text description of the exception requested, and supporting compensating factors. Includes an Approved/Denied decision block for MAXEX use.
Business Narrative Form
Document checklist used to package a Non-QM or DSCR file for Non-Delegated underwriting submission. Captures property, borrower, lender contact, and program info, then enumerates required documentation across Compliance (URLA, ID, fraud report, income worksheets), Credit, Assets/Reserves, Collateral (purchase contract, title, appraisal, CDA), Insurance, Entity docs (DSCR), and program-specific income sections — Conforming/Jumbo Express full-doc, DSCR (LTR vs. STR), bank statement, P&L, 1099, asset depletion, and WVOE — with a Yes/No required flag for each item.
