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.
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.
Non-QM Select 5 Program Guide
Premium program combining Non-QM (1- and 2-yr full doc, personal/business bank statements, 1099, P&L, asset depletion) and DSCR underwriting. Two rate sheets: Non-QM Select 5 and DSCR Select 5. Effective for locks on or after Mar 16, 2026.
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.
Sustainable Express Program Guide
Specialty program supporting clean/renewable-energy residential lending. Requires a verified Solar or Geothermal feature on the subject property; otherwise follows AUS (DU/LPA) and agency selling guide. One rate sheet: Sustainable Express 1. Effective for locks on or after Jan 5, 2026.
Non-QM Program Guide
Full-doc and alternative-doc Non-QM underwriting — personal and business bank statements, third-party P&L, 1099 statements, and written VOE. Four rate sheets (Non-QM 1, 2, 13, 15). Effective for locks on or after Feb 9, 2026.
DocMagic Plan Codes
MAXEX-to-DocMagic plan code crosswalk for document preparation. Maps every MAXEX product line (Conforming, Jumbo, Jumbo Express, Sustainable, Non-QM, Non-QM Select 5, DSCR, DSCR Select 5) across fixed-rate, SOFR ARM (5/6, 7/6, 10/6), and 10-year interest-only variations.
Jumbo Express Program Guide
AUS-driven jumbo program for borrowers who exceed conforming loan limits but otherwise meet DU/LPA approval. Includes six rate-sheet matrices (Jumbo Express 1, 2, 4, 5, 6, 9). Effective for locks on or after Jan 5, 2026.
Conforming Program Guides
MAXEX requirements for agency-eligible loans (30-yr fixed) underwritten via Fannie Mae DU or Freddie Mac LPA. Covers eligible borrowers, property types, appraisal/CDA standards, state restrictions, and LTV/credit/DTI matrices for primary, second home, and investment occupancy. Effective for locks beginning Nov 18, 2024.
