Non-Delegated Loan Submission Form (Non-QM & DSCR)
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.
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.
Income Worksheets
Multi-tab Excel workbook (“Powered by Maxwell”) for qualifying borrower income on MAXEX Non-QM and DSCR loans. Includes worksheets for Personal Bank Statement income (12/24-month), Business Bank Statement income, Asset Depletion, and Debt-Service Coverage Ratio calculation, plus a DSCR Requirements reference tab summarizing minimum FICO, DSCR calculation methodology, restrictions, asset rules, and income/employment criteria. A Lists tab feeds program/term/transaction-type dropdowns (12/24 Month, P&L, Expense Factor, 30YR Fixed, 5/1, 7/1, 10/1, IO variants, Purchase, No Cash Out, Cash Out).
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.
DSCR Program Guide
Debt Service Coverage Ratio program for experienced investors purchasing or refinancing business-purpose investment properties; borrower qualifies on subject-property cash flow only. Five rate sheets (DSCR 1, 2, 11, 13, 15). Effective for locks on or after Feb 9, 2026.
