Freedom Mortgage Corporation Required Documents checklist

Transcription

1 Freedom Mortgage Corporation Required Documents checklist Please be sure to check each item for completeness before submission. The documents are fill able and can be saved to your computer when complete. Documents should be uploaded to your Comergence application or ed to Balance Sheet and Profit & Loss, signed by a principal Articles of Incorporation or Organization DBA Registration for Fictitious Name filing for all DBAs to be used Resumes for all Principals with 10% ownership and greater Quality Control plan or policy IRS W 9 form Residential Mortgage Loan Origination Agreement (not included, available on Comergence) Board of Resolution Broker Compensation Selection form Broker Fee Election form Loan Type Request form List of Authorized Users for website VA Approval/Sponsorship form, if applicable Lender References (2 mininum) Mini C required documents (these docs are required in addition to above) Appraiser Independence Certificate of Compliance Executed Mini C Addendum (not included, available on Comergence) MERS approval letter UCDP registration form A copy of your executed warehouse agreement or approval letter Power of Attorney (POA) (must have (2) separate witness signatures and Notarized) *Please remember to complete the AML (Anti Money Laundering) Certification on your Comergence application as this is a requirement for approval. Instructions included.

2 Comergence AML Certification In order to attest to the AML Certification, please follow the instructions as outlined below. 1. Login to Comergence and click on My Profile. 2. Once in your profile click on AML Certification. 3. Enter your Name and Title and click Save to complete the attestation for AML.

3 Loan Type Request Form Check the box(s) for the loan type you are requesting approval: Conventional FHA approved FHA lenders will need audited financials which meet FHA guidelines Non-approved FHA lenders will need signed and certified financials by a CPA on CPA s letterhead, which meet Freedom Mortgage guidelines VA approval form must be completed and uploaded in Comergence. A check must be made payable to VA for $100 and mailed to: Freedom Mortgage Corporation Kincaid Dr, Suite 300 Fishers, IN Attn: Chris Jenkins

4 REQUESTING AGENT APPROVAL FORM THE DEPARTMENT OF VETERANS AFFAIRS (VA) Wholesale Branch: Approval Renewal Please complete the following Broker information when requesting VA approval: Broker: Corporate Address: Telephone: Fax: VA ID Number: Tax ID#: Contact: Address: Please provide this completed form and $100 check payable to the Department of Veteran Affairs to: Freedom Mortgage Corporation Attn: Chris Jenkins Kincaid Drive, Ste. 300 Fishers, IN Revised 9/24/12 lg

5 Form W-9 (Rev. January 2011) Department of the Treasury Internal Revenue Service Name (as shown on your income tax return) Request for Taxpayer Identification Number and Certification Give Form to the requester. Do not send to the IRS. Print or type See Specific Instructions on page 2. Business name/disregarded entity name, if different from above Check appropriate box for federal tax classification (required): Individual/sole proprietor C Corporation S Corporation Partnership Trust/estate Exempt payee Limited liability company. Enter the tax classification (C=C corporation, S=S corporation, P=partnership) Other (see instructions) Address (number, street, and apt. or suite no.) Requester s name and address (optional) City, state, and ZIP code List account number(s) here (optional) Part I Taxpayer Identification Number (TIN) Enter your TIN in the appropriate box. The TIN provided must match the name given on the Name line to avoid backup withholding. For individuals, this is your social security number (SSN). However, for a resident alien, sole proprietor, or disregarded entity, see the Part I instructions on page 3. For other entities, it is your employer identification number (EIN). If you do not have a number, see How to get a TIN on page 3. Note. If the account is in more than one name, see the chart on page 4 for guidelines on whose number to enter. Social security number Employer identification number Part II Certification Under penalties of perjury, I certify that: 1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and 2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, and 3. I am a U.S. citizen or other U.S. person (defined below). Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN. See the instructions on page 4. Sign Here Signature of U.S. person General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form A person who is required to file an information return with the IRS must obtain your correct taxpayer identification number (TIN) to report, for example, income paid to you, real estate transactions, mortgage interest you paid, acquisition or abandonment of secured property, cancellation of debt, or contributions you made to an IRA. Use Form W-9 only if you are a U.S. person (including a resident alien), to provide your correct TIN to the person requesting it (the requester) and, when applicable, to: 1. Certify that the TIN you are giving is correct (or you are waiting for a number to be issued), 2. Certify that you are not subject to backup withholding, or 3. Claim exemption from backup withholding if you are a U.S. exempt payee. If applicable, you are also certifying that as a U.S. person, your allocable share of any partnership income from a U.S. trade or business is not subject to the withholding tax on foreign partners share of effectively connected income. Date Note. If a requester gives you a form other than Form W-9 to request your TIN, you must use the requester s form if it is substantially similar to this Form W-9. Definition of a U.S. person. For federal tax purposes, you are considered a U.S. person if you are: An individual who is a U.S. citizen or U.S. resident alien, A partnership, corporation, company, or association created or organized in the United States or under the laws of the United States, An estate (other than a foreign estate), or A domestic trust (as defined in Regulations section ). Special rules for partnerships. Partnerships that conduct a trade or business in the United States are generally required to pay a withholding tax on any foreign partners share of income from such business. Further, in certain cases where a Form W-9 has not been received, a partnership is required to presume that a partner is a foreign person, and pay the withholding tax. Therefore, if you are a U.S. person that is a partner in a partnership conducting a trade or business in the United States, provide Form W-9 to the partnership to establish your U.S. status and avoid withholding on your share of partnership income. Cat. No X Form W-9 (Rev )

6 COMPLETE THE LIST OF AUTHORIZED USERS TO HAVE ACCESS TO FREEDOM MORTGAGE CORPORATION WHOLESALE WEBSITE NAME PHONE POSITION/TITLE

7 BROKER COMPENSATION ELECTION FORM FREEDOM MORTGAGE CORPORATION ( Freedom Mortgage ) and entered into a Loan Broker Agreement (the Broker Agreement ). (the Broker ) have All loan applications the Broker submits to Freedom Mortgage under the Broker Agreement are subject to the Freedom Mortgage Broker Compensation Policy: Freedom Mortgage permits the Broker s compensation to be paid either by Freedom Mortgage (Lender Paid) or the borrower (Borrower Paid). Freedom Mortgage permits the Broker to set a Lender Paid rate of compensation between.75% and 2.75% of the total loan amount. Within this range, the dollar amount of the Broker s compensation on any loan may be no less than $ and no greater than $19,999. Borrower-paid compensation will be negotiated by the Broker and the borrower on each loan subject to the below. Compensation Rate Election: Broker must set a compensation rate between.75% and.2.75% of the loan amount, and once selected, will be applied to every loan submitted to Freedom Mortgage. At its option, the Broker may also set a maximum dollar amount of compensation between $2, and $19,999. If the Broker sets a maximum dollar amount, the lesser of the percentage or dollar amount elected below will be applied to ALL lender-paid loan transactions during the election period. In no event may the Broker s compensation on a loan be more than $19,999. In addition, Broker may select a Minimum dollar amount of compensation between $ and $2, If the Broker does NOT set a minimum, the Freedom default minimum of $750 will apply. The Compensation Elections chosen will be applied to each transaction based on the elected plan in place on the Application Date of the specific transaction. The Application Date is the date the 1003 is signed by the Applicants or Loan officer. NOTE: The Minimum, whether default or selected, will apply to all loans, whether Borrower Paid or Lender Paid. BROKER ELECTIONS: REQUIRED: OPTIONAL: % Percentage of Total Loan Amount (Must elect from.75% and up to 2.75%) Minimum Dollar $ per loan (May elect from $ up to $2,000.00) Maximum Dollar Compensation $ per loan (May elect from $2, and up to $19,999.00) NOTE: If no election is made draw line across blank space) Once elected, the Lender-Paid Compensation Rate will remain in effect until the Broker submits a new Broker Compensation Election Form to Freedom Mortgage at [email protected]. Compensation changes are allowed once every 90 days. If Freedom Mortgage Broker Approval Department receives the new form by 4 p.m. ET, it will go into effect on the following business day. New Lender-Paid Compensation Rate Elections will go into effect when the 90-day term of the existing compensation rate expires. Borrower-Paid Compensation. For loans in which the Broker s compensation will be paid by the borrower (the Borrower-Paid Compensation ), Broker may negotiate the compensation with the borrower on a loan-by-loan basis, provided that these conditions are met: a. Borrower-Paid Compensation negotiated on the loan is less than or equal to the amount that would be payable under the Lender-Paid Compensation Rate set by the Broker above; and b. The Broker offers the borrower one or more loan option(s) with lender-paid compensation and the loan option with Borrower-Paid Compensation is no less favorable to the borrower than the loan option(s) with the lender-paid compensation. c. Borrower Paid compensation may NOT be less than the Minimum, whether the default minimum of $ or the Broker elected Minimum above. By signing below, the Broker agrees to the terms of this Broker Compensation Selection Form. By: Print Name and Title of Authorized Officer or Agent of the Broker Broker Tax ID No. Signature Date FMC Broker Compensation Election Form Rev

8 Fee Option Election Form Select ONE Initial Election Change NOTE: If the Option for Fees-OUT is selected, the amount of the Lender Admin Fee must be included in the Points and Fees Test under QM. (If Mini C/Affinity only amount of origination charged to borrower will be included in Points and Fees test). For the default option, Fees-IN, the fees collected in the price are NOT part of the Points and Fees Test. If the CUSTOM Option is selected, the QM Points and Fees Test will be determined on each transaction using the rule for Fees- IN or Fees-Out as appropriate. The Fees-IN, Fees-OUT, or CUSTOM Option is applied based on the loan s Application Date (application date is the date signed by the applicants/loan officer on the 1003). The Option selected will be based off of the application date and will be used for pricing the transaction as either Fees-IN the pricing, or Fees- OUT from pricing. It is imperative to insure the application or interview date in your POS system has the same date as the 1003 when you register the loan and upload the FNMA 3.2 file as this can negatively affect the pricing on the loan. IMPORTANT: The option elected will apply to the entire Broker/Mini C/Affinity client company regardless of the office location, and will be applied to all Broker/Mini C/Affinity loan transactions originated during this election period. Changes are allowed once every calendar quarter. Changes will be effective the first business day of the calendar month following the receipt of this Election Form properly executed and ed to [email protected] (provided it is received no later than 4:00pm Eastern Time) Fees EXCLUDED from Price: Fees will be collected as a separate Lender Admin Fee payable to Freedom Mortgage on each loan transaction (N/A for Mini C/Affinity). These fees will be included in the QM 3% points and fees test and included in Box 1 on the initial GFE. (Fees-OUT- Fees EXCLUDED from Price) Fees INCLUDED in Price: Pricing for all Broker/Mini C/Affinity originated loan transactions will include all Freedom Lender Admin Fees. (Fees-IN Fees INCLUDED in Price) CUSTOM: Client will be required to select either Fees-IN or Fees-OUT on each separate transaction submitted to Freedom Mortgage. (Custom) I have 1 TPO record and wish to have the same selection below apply to all approval types as indicated above. **Note: If you wish to have separate selections for each approval type please contact your Account Executive for options If you have multiple TPO records/approval types (ex. Broker, Mini-C or Affinity), please indicate the desired fee method below for each. Select ONE Option Below for each TPO/Approval Type: TPO #: Approval Type: TPO #: Approval Type: TPO #: Approval Type: Fees EXCLUDED from Price: Fees EXCLUDED from Price: Fees EXCLUDED from Price: (Fees-OUT- Fees EXCLUDED from Price) (Fees-OUT- Fees EXCLUDED from Price) (Fees-OUT- Fees EXCLUDED from Price) Fees INCLUDED in Price: Fees INCLUDED in Price: Fees INCLUDED in Price: (Fees-IN Fees INCLUDED in Price) (Fees-IN Fees INCLUDED in Price) (Fees-IN Fees INCLUDED in Price) CUSTOM: CUSTOM: CUSTOM: (Custom - select either Fees-IN or Fees-OUT) (Custom- select either Fees-IN or Fees-OUT) (Custom- select either Fees-IN or Fees-OUT) I certify I am an authorized signer for (company) company., and am authorized to make this election on behalf of the Executed this day of, 20 by x (Printed or typed name and title) NMLS # Tax ID # Draft

9 RESOLUTION OF THE BOARD OF DIRECTORS OF (Lender Name) RESOLVED FIRST, that the, and (Name of Officer) (Title) the, and (Name of Officer) (Title) the, and (Name of Officer) (Title) of this Corporation, or any one or more of them or their duly elected or appointed successors in office, be and each of them is hereby authorized and empowered in the name of and on behalf of this Corporation and under corporate seal, from time to time while these resolutions are in effect, to execute any and all agreements, contracts, assignments, and other papers in connection with documents, and furnish any information required or deemed necessary or proper by Freedom Mortgage Corporation, in connection with any of the foregoing. CERTIFICATION I HEREBY CERTIFY that the foregoing is a true and correct copy of a resolution presented to and adopted by the Board of Directors of at a meeting duly called and held at on the day of 20, at which a quorum was present and voted, and that such resolution is duly recorded in the minute book of this Corporation; that the officers named in said resolution have been duly elected or appointed to, and are the present incumbents of, the respective offices set after their respective names. (Corporate Seal) If no corporate seal, please so specify Secretary Freedom Mortgage Corporation Form 1001 Revised 02/15/2010

10 LOAN FRAUD ZERO TOLERANCE STATEMENT All approved Broker/Lenders must be aware that they bear the responsibility for all incidents of fraud for loans originated by their employees. The Broker/Lender is responsible for the content and quality of each application taken and each loan submitted to Freedom Mortgage Corporation. THE SUBMISSION OF A LOAN APPLICATION CONTAINING FALSE INFORMATION IS A CRIME! Types of Loan Fraud 1) Submission of inaccurate information, including false statements on loan application(s) and falsification of documents purporting to substantiate credit, employment, deposit and asset information, personal information including identity, ownership/non-ownership of real property, etc. 2) Forgery of partially or predominantly accurate information. 3) Incorrect statements regarding current occupancy or intent to maintain minimum continuing occupancy as stated in the security instrument. 4) Lack of due diligence by Lender/loan officer/interviewer/processor, including failure to obtain all information required by the application and failure to request further information as dictated by Borrower s responses to other questions. 5) Unquestioned acceptance of information or documentation which is know, should be known, or should be suspected to be inaccurate. a. Simultaneous or consecutive processing of multiple owner-occupied loans from one applicant supplying different information on each application. b. Allowing an applicant or interested third-party to assist with the processing of the loan. 6) Broker/Lender s non-disclosure of relevant information. Consequences The effects of Loan Fraud are costly to all parties involved. Freedom Mortgage Corporation stands behind the quality of its loan production. Fraudulent loans cannot be sold into the secondary market and, if sold, will require repurchase by Freedom Mortgage Corporation. Fraudulent loans damage our reputation with our investors and mortgage insurance providers. The price paid by those who participate in Loan Fraud is even more costly. The following is a list of a few of the potential consequences that may be incurred: Consequences to Broker/Lender 1) Criminal Prosecution. 2) Loss of Mortgage Broker/Real Estate/Mortgage Banker s License Loan Fraud Zero Tolerance Statement 05/23/2011

11 3) Loss of lender access due to exchange of information between lenders and mortgage insurance companies including submission of information to investors (FHLMC, FNMA, police agencies, and the Department of Banking and Finance). 4) Civil action by Freedom Mortgage Corporation 5) Civil action by applicant/borrower or other parties to the transaction 6) Loss of approval status with Freedom Mortgage Corporation. Consequences to Borrower 1) Acceleration of debt (FNMA/FHLMC Mortgage/Deed of Trust). Item #6 states: Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to lender (or failed to provide lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower s occupancy of the Property as a principal residence. Note: Foreclosure action will not allow the Borrower the benefit of reinstatement in order to cure the default. The Borrower must pay off the loan in full prior to the sale date of the property. 2) Criminal prosecution. 3) Civil action by Freedom Mortgage Corporation. 4) Civil action by other parties to the transaction, such as seller or real estate agent/broker/lender.. 5) Employment termination. 6) Loss of professional license, if any. 7) Adverse effect on credit history. I have read the following and understand Freedom Mortgage Corporation s position on Loan Fraud. BROKER/LENDER By: Printed Name: Its: Loan Fraud Zero Tolerance Statement 05/23/2011

12 Appraiser Independence - Certificate of Compliance Lender: Date: Address: ( Lender ) certifies all appraisal reports procured during the origination of mortgage loans submitted for purchase to Freedom Mortgage Corporation ( FMC ) were performed by an independent third party appraiser or through an independent third party appraiser management company. All appraisal reports are completed by a state licensed or state certified appraisal professional in compliance with the Interagency Appraisal and Evaluation Guidelines ( Guidelines ) which address the appraisal independence requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act of The Lender prohibits any communication between the appraiser and the loan production staff and requires the appraiser to report any such communication to the Lender s senior management. All communication between the Lender and the appraiser is believed to have been in full compliance with the Guidelines and the Lender is not aware of any attempt by its production staff to influence the value, opinion of market condition, or any other aspect of the appraisal. Outside of a valid and complete executed purchase contract, no other information has been or will be provided to the appraiser that might influence the value, opinion of market condition, or construction of the appraisal. Such prohibited data includes, but is not limited to, the owner s estimate of value, a target value, the purchase price, loan amount, comparable sales, or the loan to value ratio. With the exception of the bona fide quality assurance review and requirement of minimum standards for factual information, the Lender has made no attempt to influence the development of construction of the appraisal. The Lender has not conditioned payment for services, or promise of future engagements on the appraised value, opinion of market condition, or other opinions expressed in the appraisal. The Lender certifies they have developed and adopted written policies and procedures implementing the Guidelines including quality control procedures. Borrowers were provided copies of the appraisal reports in accordance with the Guidelines. In addition, no appraisers were listed on any agency exclusionary list. By Authorized Signature below, I hereby certify all appraisals procured by Lender fully meet the requirements of the Guidelines: Signature of Owner / Principal Officer Printed Name / Title

13 POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS, that ( Client ), having a principal business address of, in connection with the sale of certain mortgage loans to Freedom Mortgage Corporation, a New Jersey Corporation, said sale which is agreed and deemed to have occurred in the State of New Jersey, has and hereby affirms that it has made, constituted and appointed, and by these presents does make, constitute and appoint Freedom Mortgage Corporation ( Freedom ), having a business address of 907 Pleasant Valley Avenue, Mount Laurel, New Jersey, 08054, as Client s true and lawful attorney-in-fact and in Client s name, place and stead to act solely for the limited purpose of performing any or all of the acts described herein only in connection with any mortgage loans sold to Freedom. FIRST: To execute and/or endorse any document relating to a mortgage loan sold to Freedom as is necessary or appropriate to evidence the sale of the mortgage loan from Client to Freedom. SECOND: To endorse, sign, deliver and deposit any and all checks, drafts or instruments of deposits issued by obligors, insurance companies, vendors or third parties; provided, however, such instruments may only be executed and deposited by Freedom if the same represent funds paid on any mortgage loan transferred to Freedom. THIRD: To execute and/or endorse any loan agreement, promissory note, security agreement, financing statement or other document, instrument or agreement, or any amendment, modification or supplement of any of the foregoing, and perform any act and covenant in any way which Client itself could do which is necessary or appropriate to modify, amend, renew, extend, terminate and/or extinguish: (i) any and all liens and security interests granted to or created in favor of Client; or (ii) any indebtedness secured by any such lien or security interest or any right or obligation of the obligor of such indebtedness, in each case upon such terms and conditions deemed, in the sole discretion of Freedom, necessary or appropriate in connection with such modification, amendment, renewal extension, termination and/or extinguishment. FOURTH: To agree and to contract with any person, in any manner and upon terms and conditions deemed, in the sole discretion of Freedom, necessary or appropriate for the accomplishment of any such modification, amendment, renewal, extension, termination and/or extinguishment of any such lien, security interest, indebtedness, right or obligation; to perform, rescind, reform or modify any such agreement or contract or any similar agreement or contract made by or on behalf of Client; to execute acknowledge, seal and deliver any contract, agreement or other document, agreement or contract or any similar agreement or document creating, evidencing, securing or secured by any such lien, security interest, indebtedness, right or obligation; and to take all such other actions and steps, pay or receive such moneys and to Page 1 of 4

14 execute, acknowledge, seal and deliver all such other certificates, documents and agreements as said attorney-in-fact may deem necessary or appropriate to consummate any such modification, amendment, renewal, extension, termination and/or extinguishment of any such security interest, lien, indebtedness, right or obligation or in furtherance of any of the transactions contemplated by the foregoing. FIFTH: This Power of Attorney shall not be affected by the subsequent dissolution or disability of the Client or its authorized representatives. This power of attorney is coupled with an interest and is irrevocable without Freedom s consent. SIXTH: This Power of Attorney and all rights and obligations hereunder, including matters of creation, construction, validity, and performance, will be governed by the laws of the State of New Jersey, without giving effect to conflict of law provisions thereof. IN WITNESS WHEREOF, the undersigned represents that he or she has the actual authority to execute and has in fact freely and intentionally executed this Power of Attorney on behalf of the Client as of this day of, 20. CLIENT Print Client s Name By: (Signature) Date (Print Full Legal Name and Title of Signing Officer) (Print Full Legal Address of Signing Officer) Page 2 of 4

15 WITNESS 1 I, (Print Full Legal Name of Witness 1), who have a regular place of residence located at (Print Full Legal Address of Witness 1) did on the day of, 20, witness (Insert Full Legal Name of Client Signer) execute this Power of Attorney on behalf of (Insert Full Legal Name of Client). S/He stated aloud that prior to signing that s/he was authorized with actual authority to execute this Power of Attorney on behalf of (Insert Full Legal Name of Client) and that s/he was executing this Power of Attorney of his/her own free will for the purposes expressed herein. (Witness 1 Signature) (Print Full Legal name of Witness 1) WITNESS 2 I, (Print Full Legal Name of Witness 2), who have a regular place of residence located at (Print Full Legal Address of Witness 2) did on the day of, 20, witness (Insert Full Legal Name of Client Signer) execute this Power of Attorney on behalf of (Insert Full Legal Name of Client). S/He stated aloud that prior to signing that s/he was authorized with actual authority to execute this Power of Attorney on behalf of (Insert Full Legal Name of Client) and that s/he was executing this Power of Attorney of his/her own free will for the purposes expressed herein. (Witness 2 Signature) (Print Full Legal Name of Witness 2) Page 3 of 4

16 ACKNOWLEDGEMENT STATE OF ) ) ss COUNTY OF ) This instrument was acknowledged, sworn to and subscribed before me as of, 20, by on behalf of Client, as its duly authorized representative. Notary Public (Signature) County of Residence: My Commission expires: (Print Name and Title) Page 4 of 4

17 Power of Attorney for the state of California Attached

18 POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS, that ( Client ), having a principal business address of, in connection with the sale of certain mortgage loans to Freedom Mortgage Corporation, a New Jersey Corporation, said sale which is agreed and deemed to have occurred in the State of New Jersey, has and hereby affirms that it has made, constituted and appointed, and by these presents does make, constitute and appoint Freedom Mortgage Corporation ( Freedom ), having a business address of 907 Pleasant Valley Avenue, Mount Laurel, New Jersey, 08054, as Client s true and lawful attorney-in-fact and in Client s name, place and stead to act solely for the limited purpose of performing any or all of the acts described herein only in connection with any mortgage loans sold to Freedom. FIRST: To execute and/or endorse any document relating to a mortgage loan sold to Freedom as is necessary or appropriate to evidence the sale of the mortgage loan from Client to Freedom. SECOND: To endorse, sign, deliver and deposit any and all checks, drafts or instruments of deposits issued by obligors, insurance companies, vendors or third parties; provided, however, such instruments may only be executed and deposited by Freedom if the same represent funds paid on any mortgage loan transferred to Freedom. THIRD: To execute and/or endorse any loan agreement, promissory note, security agreement, financing statement or other document, instrument or agreement, or any amendment, modification or supplement of any of the foregoing, and perform any act and covenant in any way which Client itself could do which is necessary or appropriate to modify, amend, renew, extend, terminate and/or extinguish: (i) any and all liens and security interests granted to or created in favor of Client; or (ii) any indebtedness secured by any such lien or security interest or any right or obligation of the obligor of such indebtedness, in each case upon such terms and conditions deemed, in the sole discretion of Freedom, necessary or appropriate in connection with such modification, amendment, renewal extension, termination and/or extinguishment. FOURTH: To agree and to contract with any person, in any manner and upon terms and conditions deemed, in the sole discretion of Freedom, necessary or appropriate for the accomplishment of any such modification, amendment, renewal, extension, termination and/or extinguishment of any such lien, security interest, indebtedness, right or obligation; to perform, rescind, reform or modify any such agreement or contract or any similar agreement or contract made by or on behalf of Client; to execute acknowledge, seal and deliver any contract, agreement or other document, agreement or contract or any similar agreement or document creating, evidencing, securing or secured by any such lien, security interest, indebtedness, right or obligation; and to take all such other actions and steps, pay or receive such moneys and to Page 1 of 4

19 execute, acknowledge, seal and deliver all such other certificates, documents and agreements as said attorney-in-fact may deem necessary or appropriate to consummate any such modification, amendment, renewal, extension, termination and/or extinguishment of any such security interest, lien, indebtedness, right or obligation or in furtherance of any of the transactions contemplated by the foregoing. FIFTH: This Power of Attorney shall not be affected by the subsequent dissolution or disability of the Client or its authorized representatives. This power of attorney is coupled with an interest and is irrevocable without Freedom s consent. SIXTH: This Power of Attorney and all rights and obligations hereunder, including matters of creation, construction, validity, and performance, will be governed by the laws of the State of New Jersey, without giving effect to conflict of law provisions thereof. IN WITNESS WHEREOF, the undersigned represents that he or she has the actual authority to execute and has in fact freely and intentionally executed this Power of Attorney on behalf of the Client as of this day of, 20. CLIENT Print Client s Name By: (Signature) Date (Print Full Legal Name and Title of Signing Officer) (Print Full Legal Address of Signing Officer) Page 2 of 4

20 WITNESS 1 I, (Print Full Legal Name of Witness 1), who have a regular place of residence located at (Print Full Legal Address of Witness 1) did on the day of, 20, witness (Insert Full Legal Name of Client Signer) execute this Power of Attorney on behalf of (Insert Full Legal Name of Client). S/He stated aloud that prior to signing that s/he was authorized with actual authority to execute this Power of Attorney on behalf of (Insert Full Legal Name of Client) and that s/he was executing this Power of Attorney of his/her own free will for the purposes expressed herein. (Witness 1 Signature) (Print Full Legal name of Witness 1) WITNESS 2 I, (Print Full Legal Name of Witness 2), who have a regular place of residence located at (Print Full Legal Address of Witness 2) did on the day of, 20, witness (Insert Full Legal Name of Client Signer) execute this Power of Attorney on behalf of (Insert Full Legal Name of Client). S/He stated aloud that prior to signing that s/he was authorized with actual authority to execute this Power of Attorney on behalf of (Insert Full Legal Name of Client) and that s/he was executing this Power of Attorney of his/her own free will for the purposes expressed herein. (Witness 2 Signature) (Print Full Legal Name of Witness 2) Page 3 of 4

21 ACKNOWLEDGEMENT STATE OF CALIFORNIA ) ) ss COUNTY OF ) On before me,, (insert name and title of the officer) personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Notary Public (Signature) (Seal) (Print Name and Title) County of Residence: My Commission expires: Page 4 of 4

22 Power of Attorney for the state of New York Attached

23 POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS, that ( Client ), having a principal business address of, in connection with the sale of certain mortgage loans to Freedom Mortgage Corporation, a New Jersey Corporation, said sale which is agreed and deemed to have occurred in the State of New Jersey, has and hereby affirms that it has made, constituted and appointed, and by these presents does make, constitute and appoint Freedom Mortgage Corporation ( Freedom ), having a business address of 907 Pleasant Valley Avenue, Mount Laurel, New Jersey, 08054, as Client s true and lawful attorney-in-fact and in Client s name, place and stead to act solely for the limited purpose of performing any or all of the acts described herein only in connection with any mortgage loans sold to Freedom. FIRST: To execute and/or endorse any document relating to a mortgage loan sold to Freedom as is necessary or appropriate to evidence the sale of the mortgage loan from Client to Freedom. SECOND: To endorse, sign, deliver and deposit any and all checks, drafts or instruments of deposits issued by obligors, insurance companies, vendors or third parties; provided, however, such instruments may only be executed and deposited by Freedom if the same represent funds paid on any mortgage loan transferred to Freedom. THIRD: To execute and/or endorse any loan agreement, promissory note, security agreement, financing statement or other document, instrument or agreement, or any amendment, modification or supplement of any of the foregoing, and perform any act and covenant in any way which Client itself could do which is necessary or appropriate to modify, amend, renew, extend, terminate and/or extinguish: (i) any and all liens and security interests granted to or created in favor of Client; or (ii) any indebtedness secured by any such lien or security interest or any right or obligation of the obligor of such indebtedness, in each case upon such terms and conditions deemed, in the sole discretion of Freedom, necessary or appropriate in connection with such modification, amendment, renewal extension, termination and/or extinguishment. FOURTH: To agree and to contract with any person, in any manner and upon terms and conditions deemed, in the sole discretion of Freedom, necessary or appropriate for the accomplishment of any such modification, amendment, renewal, extension, termination and/or extinguishment of any such lien, security interest, indebtedness, right or obligation; to perform, rescind, reform or modify any such agreement or contract or any similar agreement or contract made by or on behalf of Client; to execute acknowledge, seal and deliver any contract, agreement or other document, agreement or contract or any similar agreement or document creating, evidencing, securing or secured by any such lien, security interest, indebtedness, right or obligation; and to take all such other actions and steps, pay or receive such moneys and to Page 1 of 4

24 execute, acknowledge, seal and deliver all such other certificates, documents and agreements as said attorney-in-fact may deem necessary or appropriate to consummate any such modification, amendment, renewal, extension, termination and/or extinguishment of any such security interest, lien, indebtedness, right or obligation or in furtherance of any of the transactions contemplated by the foregoing. FIFTH: This Power of Attorney shall not be affected by the subsequent dissolution or disability of the Client or its authorized representatives. This power of attorney is coupled with an interest and is irrevocable without Freedom s consent. SIXTH: This Power of Attorney and all rights and obligations hereunder, including matters of creation, construction, validity, and performance, will be governed by the laws of the State of New Jersey, without giving effect to conflict of law provisions thereof. IN WITNESS WHEREOF, the undersigned represents that he or she has the actual authority to execute and has in fact freely and intentionally executed this Power of Attorney on behalf of the Client as of this day of, 20. CLIENT Print Client s Name By: (Signature) Date (Print Full Legal Name and Title of Signing Officer) (Print Full Legal Address of Signing Officer) Page 2 of 4

25 WITNESS 1 I, (Print Full Legal Name of Witness 1), who have a regular place of residence located at (Print Full Legal Address of Witness 1) did on the day of, 20, witness (Insert Full Legal Name of Client Signer) execute this Power of Attorney on behalf of (Insert Full Legal Name of Client). S/He stated aloud that prior to signing that s/he was authorized with actual authority to execute this Power of Attorney on behalf of (Insert Full Legal Name of Client) and that s/he was executing this Power of Attorney of his/her own free will for the purposes expressed herein. (Witness 1 Signature) (Print Full Legal name of Witness 1) WITNESS 2 I, (Print Full Legal Name of Witness 2), who have a regular place of residence located at (Print Full Legal Address of Witness 2) did on the day of, 20, witness (Insert Full Legal Name of Client Signer) execute this Power of Attorney on behalf of (Insert Full Legal Name of Client). S/He stated aloud that prior to signing that s/he was authorized with actual authority to execute this Power of Attorney on behalf of (Insert Full Legal Name of Client) and that s/he was executing this Power of Attorney of his/her own free will for the purposes expressed herein. (Witness 2 Signature) (Print Full Legal Name of Witness 2) Page 3 of 4

26 ACKNOWLEDGEMENT STATE OF NEW YORK ) ) ss COUNTY OF ) On the day of in the year before me, the undersigned, personally appeared, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. Notary Public (Signature) (Seal) (Print Name and Title) County of Residence: My Commission expires: Page 4 of 4

27 Uniform Collateral Data Portal (UCDP) Freedom Mortgage Corporation requires all sellers to register for the Uniform Collateral Data Portal (UCDP) to submit appraisal data files to Freddie Mac and Fannie Mae. If you are not currently registered, please follow the instructions attached. Customer Name: Fannie Mae UCDP Number: Freddie Mac UCDP: Date: Submit this form through Comergence UCDP Information 8/28/13

28 Lender References Please list the names of at least (2) lenders you are currently approved to do business. 1. Company Name: Contact Person: Phone Number: 2. Company Name: Contact Person: Phone Number: 3. Company Name: Contact Person: Phone Number: