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.
Non-Delegated Quick Reference Guide
Seller-facing resource for the MAXEX Non-Delegated channel. Lists department operating hours (Pre-Close, Lock Desk, Underwriting), Atlanta-based general phone numbers, channel-specific email aliases (nondelops, nondelscenarios, nondelexceptions, lockdesk, transactions, collateral, trailingdocs, servicing), links to program guidelines and key forms, named operations contacts (Elisabeth Cleland, Blake Scheifele), turn-time guidance via LoanExchange, and current funding fees.
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.
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.
Personal Guaranty
Form of Personal Guaranty used on business-purpose / investor loans (typically DSCR). Executed by the members, partners, or stockholders of a borrower entity to jointly and severally guarantee all obligations under the loan agreement, note, mortgage, and related loan documents.
Encompass Plan Codes
Investor product detail reference for ICE Mortgage Technology Encompass. Provides Encompass plan code IDs and corresponding MAXEX investor plan codes with loan type, lien position, amortization, term, IO period, ARM cap structure, floor basis, and rounding rules for every MAXEX product.
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.
