Welcome Loan Originators! We want to help you succeed. Here, you will find everything you need to complete the loan application process.
SUBMITTING A LOAN SCENARIO
Have a client with a Residential loan scenario? Our
Residential Short Form Application authorizes FCMC to run credit for your client and gives us an overall picture of the loan. Simply complete and sign the application, have the borrower sign the credit authorization and fax it to 973-574-0999. Your account executive will contact you regarding the loan programs that are available to your client.
Commercial and Mixed-use loans differ from residential loans. Lenders need to know specific information about the property before they will quote rates. Fees associated with these loans also differ. If you have a
Commercial or
Mixed-use loan scenario, please review and complete our
Commercial and Mixed-Use Short Form Application and submit, via fax, with a
Borrowers' Authorization Form. We will contact the appropriate lenders and contact you to discuss the available loan programs.
SUBMITTING AN APPLICATION
Loan applications are easy with our
Secure On-Line 1003 form. Enter the borrower's information into the appropriate boxes. (DO NOT use the borrower's email address. Instead, enter your email address so that you can receive the email notifications regarding the application.) You needn't bother with entering the liabilities…we'll do that for you. If this is the first time the loan is being presented to us, please fax a
Borrowers' Authorization Form to 973-574-0999 so that we can run credit for your client.
Once you have completed the application we will receive notification in our office. We download the application into our Loan Origination software and begin the application process. You will receive, via email, a completed loan application and good faith estimate to forward to your clients for signature. Please make sure that your clients receive the appropriate state and federal disclosures as well. Disclosure forms are available by clicking on the links below:
Remember that your signature is required on the loan application and disclosures.
HELP
Questions? Confused? We have prepared a loan process reference manual entitled,
"Understanding the Mortgage Loan Process". This manual was designed to provide answers to questions regarding borrower qualification, loan processing procedures and closing fee estimates. Keep this manual handy as a reference guide when you are meeting with clients.
