Gre

en T

ree

Gre

en T

ree ’’

ssC

onfo

rmin

g Pr

oduc

tsC

onfo

rmin

g Pr

oduc

ts "Not

ice:

Ple

ase

note

that

this

is n

ot a

clie

ntof

fer o

r sol

icita

tion

for a

ll lo

an

prod

ucts

list

ed.

All l

oans

subm

itted

for p

urch

ase

by G

reen

Tre

e S

ervi

cing

LL

C (“

Gre

en T

ree”

) m

ust b

e el

igib

le fo

r pur

chas

e by

Gre

en T

ree

and

be in

fu

ll co

mpl

ianc

e w

ith th

e G

reen

Tre

e Lo

an P

rodu

ct M

atrix

and

Gre

en T

ree

Clie

nt C

ontra

ct fo

r eac

h ap

prov

ed c

lient

."

6/11

/201

3,

26/

11/2

013,

2

Age

nda

•Pr

oduc

t Fea

ture

s

•Pr

oduc

t Enh

ance

men

ts

•AU

S an

d Q

ualif

icat

ions

•D

ocum

enta

tion

Opt

ions

•Q

uest

ions

6/11

/201

3,

36/

11/2

013,

3

A v

arie

ty o

f cho

ices

at y

our f

inge

rtip

s!

•G

reen

Tre

e of

fers

com

petit

ive

rate

s on

a v

arie

ty o

f lo

an p

rogr

ams.

•D

esig

ned

for b

orro

wer

s w

ho h

ave

good

cre

dit a

nd

at le

ast 3

%fo

r dow

n pa

ymen

t.

•Fi

nanc

ing

is u

p to

97%

LTV

/CLT

V.

•P

rimar

y R

esid

ence

, Sec

ond

Hom

e an

d In

vest

men

t P

rope

rties

.

•Fi

xed

Rat

es o

r Adj

usta

ble

Rat

es A

vaila

ble.

Pro

duct

Fea

ture

sP

rodu

ct F

eatu

res

6/11

/201

3,

56/

11/2

013,

5

•Lo

an T

ype:

›Pu

rcha

se

›R

ate

and

Term

Ref

inan

ce

›C

ash

Out

Ref

inan

ce

•O

ccup

ancy

Typ

e:›

Prim

ary

Res

iden

ce

›Se

cond

Hom

e (1

uni

t onl

y)

›In

vest

men

t

Tran

sact

ions

and

Occ

upan

cy

6/11

/201

3,

66/

11/2

013,

6

Ref

inan

cing

a P

rope

rty

•Fo

r tho

se p

rope

rties

that

hav

e be

en li

sted

for s

ale

with

in

the

last

6 m

onth

s, G

reen

Tre

e re

quire

s th

e fo

llow

ing:

›Th

e pr

oper

ty h

as b

een

take

n of

f the

mar

ket b

efor

e th

e ap

plic

atio

n da

te

›Bo

rrow

er m

ust p

rovi

de w

ritte

n co

nfirm

atio

n of

thei

r int

ent t

o oc

cupy

the

prop

erty

if a

prim

ary

resi

denc

e

6/11

/201

3,

76/

11/2

013,

7

Elig

ible

Pro

pert

y Ty

pes

1-4

units

1 U

nit P

UD

's(F

NM

A &

FH

LMC

wa

rran

tab

le)

Con

do's

(F

NM

A &

FH

LMC

wa

rran

tab

le)

•Flo

rida

Con

dos

•Sec

ond

hom

es a

nd In

vest

men

t pro

perti

es n

ot

perm

itted

Mod

ular

/ Pre

-Cut

Leas

ehol

d E

stat

es

6/11

/201

3,

86/

11/2

013,

8

Con

form

ing

Loan

Lim

its

•N

o m

inim

um lo

an a

mou

nt Max

imum

Loa

n A

mou

nt

Uni

tsC

ontin

enta

l US

Ala

ska

& H

awai

i

1$4

17,0

00$6

25,5

00

2$5

33,8

50$8

00,7

75

3$6

45,3

00$9

67,9

50

4$8

01,9

50$1

,202

,925

6/11

/201

3,

96/

11/2

013,

9

Fixe

d R

ate

Loan

Ter

ms

•Fu

lly A

mor

tized

Fix

ed R

ate

›FN

MA

= 8

-30

YR

in a

nnua

l inc

rem

ents

›FH

LMC

= 8

-30

YR

in a

nnua

l inc

rem

ents

*FH

LMC

(Fre

ddie

Mac

) Onl

y A

vaila

ble

for C

orre

spon

dent

s

6/11

/201

3,

10

LIB

OR

Arm

Ter

ms

•FU

LLY

IND

EXE

D L

IBO

R A

RM

•5/

1, 7

/1 &

10/

1 A

vaila

ble

•15

-30

Yea

r Ter

ms

in 5

Yea

r Inc

rem

ents

6/11

/201

3,

116/

11/2

013,

11

Fixe

d R

ate

Prim

ary

Res

iden

ce

*Wat

ch m

inim

um F

ICO

req

uire

men

ts b

etw

een

Del

egat

ed a

nd N

on-D

eleg

ated

Clie

nts*

Plea

se re

view

Pro

duct

Mat

rice

s fo

r fu

ll de

tails

. A

dditi

onal

res

tric

tion

may

app

ly.

6/11

/201

3,

126/

11/2

013,

12

Fixe

d R

ate

Prim

ary

Res

iden

ce

Plea

se re

view

Pro

duct

Mat

rices

for f

ull d

etai

ls.

Addi

tiona

l res

trict

ion

may

app

ly.

6/11

/201

3,

13

AR

M P

rimar

y R

esid

ence

6/11

/201

3,

14

AR

M P

rimar

y R

esid

ence

6/11

/201

3,

156/

11/2

013,

15

Fixe

d R

ate

Seco

nd H

ome

Plea

se re

view

Pro

duct

Mat

rices

for f

ull d

etai

ls.

Addi

tiona

l res

trict

ion

may

app

ly.

6/11

/201

3,

16

AR

M S

econ

d H

ome

6/11

/201

3,

176/

11/2

013,

17

Fixe

d R

ate

Inve

stm

ent P

rope

rty

Plea

se re

view

Pro

duct

Mat

rices

for f

ull d

etai

ls.

Addi

tiona

l res

trict

ion

may

app

ly.

6/11

/201

3,

186/

11/2

013,

18

Fixe

d R

ate

Inve

stm

ent P

rope

rty

Plea

se re

view

Pro

duct

Mat

rices

for f

ull d

etai

ls.

Addi

tiona

l res

trict

ion

may

app

ly.

6/11

/201

3,

19

AR

M In

vest

men

t Pro

pert

y

6/11

/201

3,

20

AR

M In

vest

men

t Pro

pert

y

6/11

/201

3,

216/

11/2

013,

21

Qua

lifyi

ng o

n Fi

xed

Rat

e Pa

ymen

t

Con

form

ing

Fixe

d R

ate

FNM

A F

ixed

Rat

e an

d FH

LMC

Fix

ed R

ate

All

loan

s qu

alify

on

the

Fully

Am

ortiz

ed F

ixed

Rat

e pa

ymen

t (P

ITIA

)

•On

a Fu

lly A

mor

tized

loan

, the

bor

row

ers

mor

tgag

e pa

ymen

t is

appl

ied

tow

ard

prin

cipa

l and

inte

rest

for t

he te

rm o

r life

of t

he lo

an.

6/11

/201

3,

22

Qua

lifyi

ng o

n LI

BO

R A

rms

LIB

OR

AR

MS

5/1

7/1

& 1

0/1

Qua

lify

usin

g th

e gr

eate

r of t

he

fully

-inde

xed,

fully

-am

ortiz

ing

rate

or

Not

e ra

te +

2.0

%.

Qua

lify

at th

e N

ote

Rat

e

6/11

/201

3,

236/

11/2

013,

23

Mor

tgag

e In

sura

nce

•W

hen

a lo

an h

as a

n LT

V gr

eate

r tha

n 80

%, t

hat l

oan

will

requ

ire

mor

tgag

e in

sura

nce.

•

Mor

tgag

e In

sura

nce

is o

ffere

d by

priv

ate

mor

tgag

e in

sura

nce

com

pani

es.

•Th

e ac

cept

able

com

pani

es a

re a

s fo

llow

s:›

Uni

ted

Gua

rant

y ›

Gen

wor

th

›M

GIC

›

Rad

ian

›E

ssen

t Gua

rant

y›

CM

G –

Acc

epta

ble

for C

redi

t Uni

ons

only

*Fo

r loa

ns th

at G

reen

Tre

e U

nder

writ

es, t

he M

I com

pani

es a

re li

mite

d. S

ee P

rodu

ct S

umm

ary

for l

ist o

f av

aila

ble

MI c

ompa

nies

.

6/11

/201

3,

246/

11/2

013,

24

Mor

tgag

e In

sura

nce

•M

ortg

age

Insu

ranc

e m

ay b

e fin

ance

d on

a 1

uni

t prim

ary

resi

denc

e or

sec

ond

hom

e fo

r a p

urch

ase

and

rate

& te

rm

refin

ance

.›

The

loan

am

ount

, inc

ludi

ng th

e fin

ance

d pr

emiu

m, m

ay n

ot e

xcee

d th

e co

nfor

min

g lo

an li

mit.

›Th

e am

ount

of M

I cov

erag

e is

bas

ed o

n th

e LT

V.

For m

ost s

tate

s, th

e lo

an a

mou

nt u

sed

wou

ld e

xclu

deth

e fin

ance

d pr

emiu

m**

.

For p

rope

rties

loca

ted

in L

A a

nd V

A, th

e lo

an a

mou

nt in

clud

esth

e fin

ance

d pr

emiu

m.

6/11

/201

3,

256/

11/2

013,

25

Mor

tgag

e In

sura

nce

Cov

erag

e

Term

s <

20 Y

ears

LTV

sC

over

age

Req

uire

d

80.0

1%-8

5.00

%6%

85.0

1%-9

0.00

%12

%

90.0

1%-9

5.00

%25

%

95.0

1%-9

7.00

%35

%

Term

> 2

0 Y

ears

80.0

1%-8

5.00

%12

%

85.0

1%-9

0.00

%25

%

90.0

1%-9

5.00

%30

%

95.0

1%-9

7.00

%35

%

6/11

/201

3,

266/

11/2

013,

26

Mor

tgag

e In

sura

nce

that

is p

aid

by th

e le

nder

via

a h

ighe

r rat

e to

cov

er

mor

tgag

e in

sura

nce

paym

ent

Allo

ws

the

clie

nt to

add

the

cost

of t

he m

ortg

age

insu

ranc

e in

toth

e m

ortg

age

P&I

pay

men

t.

Res

ults

in lo

wer

mon

thly

pay

men

t due

to lo

wer

MI c

ost.

Bor

row

ers

can

poss

ibly

qua

lify

for l

arge

r loa

n am

ount

s th

an B

PM

I.

May

be

able

to ta

ke a

dvan

tage

of i

ncre

ased

tax

dedu

ctio

ns d

ue to

MI

incl

uded

in th

e in

tere

st ra

te

No

MI c

losi

ng c

osts

Lend

er P

aid

Mor

tgag

e In

sura

nce

6/11

/201

3,

276/

11/2

013,

27

Rig

ht F

it fo

r LPM

I

Bor

row

er h

as a

djus

ted

gros

s in

com

e gr

eate

r tha

n $1

10,0

00

Bor

row

er w

ith li

mite

d ca

sh fo

r clo

sing

cos

ts

Bor

row

er a

t max

loan

lim

it

Max

imum

Tax

Adv

anta

ges

Low

er P

aym

ents

Larg

er L

oan

Am

ount

s

Low

er D

TI

6/11

/201

3,

286/

11/2

013,

28

LPM

I Fix

ed R

ate

Loan

Am

ount

sO

ccup

ancy

Lo

an P

urpo

se

Prop

erty

Typ

e M

ax L

TV /

CLT

V M

in F

ICO

$417

,000

Prim

ary

Res

iden

ce

Purc

hase

or R

ate/

Term

R

efin

ance

Si

ngle

Fam

ily o

r C

ondo

95%

700

Seco

nd H

ome

Purc

hase

or R

ate/

Term

R

efin

ance

Si

ngle

Fam

ily

90%

740

$417

,001

to $

625,

500

Prim

ary

Res

iden

ce

Purc

hase

Sing

le F

amily

90

%70

0

Prim

ary

Res

iden

ce

Purc

hase

Con

do90

%74

0

Prim

ary

Res

iden

ce

Rat

e/Te

rm R

efin

ance

Si

ngle

Fam

ily

90%

700

Prim

ary

Res

iden

ce

Rat

e/Te

rm R

efin

ance

C

ondo

85%

740

$625

,501

to F

HFA

Max

Prim

ary

Res

iden

ce

Purc

hase

Sing

le F

amily

90

%70

0

Prim

ary

Res

iden

ce

Purc

hase

Con

do90

%74

0

Prim

ary

Res

iden

ce

Rat

e/Te

rm R

efin

ance

Si

ngle

Fam

ily

85%

700

Prim

ary

Res

iden

ce

Rat

e/Te

rm R

efin

ance

C

ondo

85%

740

6/11

/201

3,

29

LPM

I AR

M’S

•Max

Loa

n Am

ount

is $

417,

000

($62

5,50

0 in

Ala

ska)

6/11

/201

3,

306/

11/2

013,

30

Add

ition

al R

equi

rem

ents

for L

PMI

•A

vaila

ble

Fixe

d R

ate

Pro

duct

s:›

15 o

r 30

Year

Fix

ed

•A

vaila

ble

ARM

Pro

duct

s:›

5/1,

7/1

& 1

0/1

ARM

S

•M

ust b

e ru

n th

roug

h AU

S w

ith a

n ac

cept

able

reco

mm

enda

tion.

›M

anua

l und

erw

rite

and/

or R

efer

is n

ot p

erm

itted

•M

axim

um D

ebt T

o In

com

e R

atio

s›

41%

if FI

CO

< 7

40

›45

% if

FIC

O >

740

•2

mon

ths

rese

rves

are

requ

ired

(PIT

IA)

AUS

and

Qua

lific

atio

nsAU

S an

d Q

ualif

icat

ions

6/11

/201

3,

336/

11/2

013,

33

Aut

omat

ed U

nder

writ

ing

Req

uire

men

ts

Pro

duct

Typ

eU

nder

writ

ing

Eng

ine

DO

/DU

LP

FNM

A F

ixed

Rat

es F

ully

Am

ortiz

ing

FNM

A A

RM

Pro

duct

Ful

ly A

mor

tizin

g

FHLM

C F

ixed

Rat

e

FHLM

C A

RM

Pro

duct

Ful

ly A

mor

tizin

g

*FH

LMC

(Fre

ddie

Mac

-LP

only

ava

ilabl

e fo

r Cor

resp

onde

nt)

No

Expa

nded

App

rova

ls P

erm

itted

6/11

/201

3,

346/

11/2

013,

34

Elig

ible

Bor

row

ers

•U

.S. C

itize

ns•

Perm

anen

t Res

iden

t Alie

n›

Alie

n R

egis

tratio

n C

ard

requ

ired

•N

on-P

erm

anen

t Res

iden

t Alie

n›

Mus

t hav

e a

valid

soc

ial s

ecur

ity n

umbe

r›

Mus

t be

empl

oyed

in th

e U

.S. w

ith a

val

id V

ISA

6/11

/201

3,

356/

11/2

013,

35

Non

Occ

upan

t Co-

Bor

row

ers

•El

igib

le o

n a

DU

App

rove

/Elig

ible

> 9

0% L

TV.

•El

igib

le o

n a

LP A

ccep

t, ho

wev

er th

e m

axim

um L

TV m

ust b

e =

or

< 90

% if

the

non-

occu

pant

bor

row

er’s

inco

me

is u

sed

in q

ualif

ying

.•

Elig

ible

on

a m

anua

lly u

nder

writ

ten

loan

with

an

LTV

= o

r < 9

0%:

›M

ust b

e re

gist

ered

und

er a

FN

MA

Pro

duct

Cod

e›

Occ

upan

t bor

row

er m

ust q

ualif

y fo

r loa

n; M

anua

l qua

lific

atio

n ra

tio 4

3%

›O

ccup

ant b

orro

wer

mus

t ver

ify 5

% in

vest

men

t fro

m o

wn

fund

s (w

aive

d if

LTV/

CLT

V <

= 80

%)

›N

on-o

ccup

ant b

orro

wer

mus

t be

on s

epar

ate

appl

icat

ion

6/11

/201

3,

366/

11/2

013,

36

Max

imum

DTI

Rat

ios

•FN

MA

›D

U A

ppro

ve/E

ligib

le:

Max

DTI

of 5

0%

•FH

LMC

›LP

Acc

ept

Max

DTI

of 4

5%

›LP

Cau

tion

and

man

ually

und

erw

ritte

n lo

ans

are

not p

erm

itted

6/11

/201

3,

376/

11/2

013,

37

Max

imum

DTI

Rat

ios

(con

t)

•D

U R

efer

, Out

of S

cope

and

man

ually

und

erw

ritte

n lo

ans

›28

/36%

DTI

›>3

6% <

45%

requ

ire d

ocum

ente

d co

mpe

nsat

ing

fact

or(s

):

Esta

blis

hed

hist

ory

of h

ousi

ng e

xpen

se >

= p

ropo

sed

hous

ing

paym

ent

Dem

onst

rate

d ab

ility

to a

pply

mor

e in

com

e to

hou

sing

exp

ense

Dem

onst

rate

d ab

ility

to m

aint

ain

savi

ngs,

cre

dit h

isto

ry a

nd d

ebt f

ree

posi

tion

Sign

ifica

nt c

ash

dow

n pa

ymen

t on

purc

hase

of t

he p

rope

rty

Sign

ifica

nt re

sidu

al in

com

e

Subs

tant

ial n

et w

orth

, liq

uid

and

othe

r ver

ified

ass

ets

6/11

/201

3,

386/

11/2

013,

38

Cre

dit S

core

s

•Th

e m

inim

um c

redi

t sco

re fo

r mos

t FN

MA

Con

form

ing

loan

s is

620+

.›

Ris

kier

loan

term

s, s

uch

as a

n In

vest

men

t pro

perty

, 2 –

4 un

its,

man

ual u

nder

writ

es o

r a c

ash

out r

efin

ance

wou

ld re

quire

bo

rrow

ers

to h

ave

high

er s

core

s.

*Gre

en T

ree

has

high

er F

ICO

requ

irem

ents

for n

on-d

eleg

ated

clie

nts

with

FIC

O <

680

and

LTV

’s >

95%

See

Pro

duct

Sum

mar

y

**Fo

r LP/

FHLM

C M

inim

um 7

00 c

redi

t sco

re is

requ

ired

for L

TV/C

LTV

grea

ter t

han

80%

Plea

se re

view

Pro

duct

Mat

rices

for f

ull d

etai

ls.

Addi

tiona

l res

trict

ion

may

app

ly.

6/11

/201

3,

396/

11/2

013,

39

Trad

ition

al C

redi

t

›Tr

i-Mer

ged

Cre

dit R

epor

t

›R

esid

entia

l Mor

tgag

e C

redi

t Rep

ort (

RM

CR

)A

hig

h le

vel c

redi

t rep

ort w

here

cre

dit b

urea

u ag

ency

con

tact

s ea

ch

cred

itor o

n cr

edit

lines

with

an

outs

tand

ing

bala

nce

to p

rovi

de th

e cu

rrent

st

atus

.

6/11

/201

3,

406/

11/2

013,

40

Non

Tra

ditio

nal C

redi

t

•N

on T

radi

tiona

l Cre

dit i

s pe

rmitt

ed fo

r tho

se w

ho re

ceiv

e a

DU

Out

of

Sco

pe R

ecom

men

datio

n du

e to

lack

of c

redi

t his

tory

›A

min

imum

cre

dit s

core

doe

s no

t app

ly to

loan

s w

ith n

on-tr

aditi

onal

cre

dit.

›Fo

ur n

on-tr

aditi

onal

line

s ar

e re

quire

d re

flect

0x3

0 in

the

mos

t rec

ent 1

2 m

onth

s.

Ref

er to

the

Gre

en T

ree

Clie

nt G

uide

: Cha

pter

6F.

•A

vaila

ble

for t

he fo

llow

ing

fully

am

ortiz

ed p

rodu

cts

•U

nder

writ

ing

mus

t doc

umen

t com

pens

atin

g fa

ctor

s an

d ju

stify

thei

r ap

prov

ed o

n th

e U

nder

writ

ing

Tran

smitt

al (F

NM

A 1

008)

.

6/11

/201

3,

416/

11/2

013,

41

Hou

sing

Pay

men

t His

tory

•H

ousi

ng (M

ortg

age/

Ren

tal)

Paym

ent H

isto

ry (P

ITIA

) is

incl

usiv

e of

all

liens

rega

rdle

ss o

f pos

ition

, as

wel

l as

all o

ccup

ancy

type

s.›

DU

App

rove

/Elig

ible

Mor

tgag

e hi

stor

y ev

alua

ted

by A

US

Ren

tal h

isto

ry is

not

requ

ired

›O

ut o

f Sco

pe o

r Man

ual U

nder

writ

eM

ortg

age/

Ren

tal h

isto

ry: 0

x 3

0 in

last

12

mon

ths

6/11

/201

3,

426/

11/2

013,

42

Und

erw

ritin

g A

utho

rity

•D

eleg

ated

›El

igib

le to

und

erw

rite

or s

end

to G

reen

Tre

e

•C

ondi

tiona

l Del

egat

ed

›R

equi

res

App

rove

/Elig

ible

or a

n Ac

cept

reco

mm

enda

tion

›O

ther

wis

e su

bmit

to G

reen

Tre

e

•N

on-D

eleg

ated

/Who

lesa

le

›Su

bmit

to G

reen

Tre

e

•W

hole

sale

/Bro

ker C

lient

s

›Su

bmit

to G

reen

Tre

e O

nly

6/11

/201

3,

436/

11/2

013,

43

Doc

umen

tatio

n O

ptio

ns

•St

anda

rd/F

ull D

ocum

enta

tion

•A

ltern

ativ

e D

ocum

enta

tion

›A

US

will

allo

w fo

r red

uced

doc

umen

tatio

n

Det

erm

ined

by

DU

or L

P!

Ava

ilabl

e fo

r all

Con

form

ing

Prod

ucts

*see

pro

duct

mat

rix fo

r mor

e in

form

atio

n

6/11

/201

3,

446/

11/2

013,

44

Verif

ying

Em

ploy

men

t

•St

anda

rd V

OE

a cu

rren

t pay

stub

& W

2(o

r)•

Verb

al v

erifi

catio

n of

em

ploy

men

t & fo

llow

AU

S F

indi

ngs

•IR

S 45

06T

mus

t be

proc

esse

d an

d in

com

e va

lidat

ed fo

r mos

t re

cent

2 y

ears

thro

ugh

Rap

id R

epor

ting.

›1

year

s ta

x va

lidat

ion

is a

ccep

tabl

e fo

r AU

loan

s re

quiri

ng le

ssth

an 2

ye

ars

of in

com

e an

d em

ploy

men

t ver

ifica

tion.

6/11

/201

3,

456/

11/2

013,

45

Doc

umen

ting

Ass

ets

•St

anda

rd V

OD

a

cur

rent

ban

k st

atem

ent

(or)

•Pr

ovid

e th

e nu

mbe

r of m

onth

s ba

nk s

tate

men

ts re

quire

d by

AU

S›

Mus

t be

cons

ecut

ive

mon

ths

•An

y an

d al

l lar

ge d

epos

its o

n ba

nk s

tate

men

t or V

OD

mus

t be

addr

esse

d an

d su

ppor

ted

with

add

ition

al d

ocum

enta

tion

to v

erify

the

sour

ce o

f the

fund

s.

6/11

/201

3,

466/

11/2

013,

46

Min

imum

Bor

row

er In

vest

men

t & G

ifts

•G

ifts

are

acce

ptab

le a

fter m

inim

um b

orro

wer

inve

stm

ent i

s m

et.

•M

inim

um In

vest

men

t is

wai

ved

whe

n gi

ft fu

nds

redu

ce L

TV/C

LTV

to <

80%

.

•In

vest

men

t pro

perti

es:

›G

ifts

are

not p

erm

itted

Occ

upan

cyM

inim

um B

orro

wer

Inve

stm

ent f

rom

ow

n fu

nds

Prim

ary

Res

iden

ce-W

/LTV

95.

01%

-97%

Fann

ie M

ae O

NLY

3%

Prim

ary

Res

iden

ce-W

/LTV

95%

or l

ess

5%Se

cond

Hom

e

Inve

stm

ent P

rope

rtyEn

tire

Dow

n Pa

ymen

t

6/11

/201

3,

476/

11/2

013,

47

Selle

r Con

trib

utio

ns•

A Se

ller o

r Int

eres

ted

party

of t

he tr

ansa

ctio

n ca

nnot

con

tribu

te

tow

ard

a bu

yers

dow

n pa

ymen

t, on

ly c

losi

ng c

osts

.•

Prim

ary

Res

iden

ce a

nd S

econ

d H

ome:

›

3% fo

r CLT

V >

90%

<97

%

›6%

for C

LTV

>75

% <

90%

›9%

for C

LTV

<75

%

•In

vest

men

t Pro

perty

›2%

6/11

/201

3,

486/

11/2

013,

48

Res

erve

s

•AU

S de

term

ines

the

rese

rves

requ

ired:

›O

nly

verif

y th

ose

asse

ts a

nd re

serv

es r

equi

red

by D

U

›Al

l ass

ets

that

are

ent

ered

into

LP

mus

t be

docu

men

ted.

›Th

e am

ount

of r

eser

ves

can

vary

dep

endi

ng o

n oc

cupa

ncy

type

s.

›C

ash

back

and

/or g

ift fu

nds

that

rem

ain

afte

r clo

sing

can

not b

e us

ed to

mee

t res

erve

s.

6/11

/201

3,

496/

11/2

013,

49

App

rais

al R

equi

rem

ents

•Fo

llow

DU

Rec

omm

enda

tion:

›An

Inte

rior a

nd E

xter

ior A

ppra

isal

Rep

ort (

or) P

IW

Ow

ner-o

ccup

ied

and

seco

nd h

ome

prop

ertie

s in

Wes

t Virg

inia

will

requ

ire a

n In

terio

r and

Ex

terio

r App

rais

al R

epor

t (Fo

rm 1

004)

.

•LP

Acc

ept/E

ligib

le

›An

Inte

rior a

nd E

xter

ior A

ppra

isal

Rep

ort i

s re

quire

d!

›Th

e fo

llow

ing

appr

aisa

l typ

e ar

e no

tper

mitt

ed:

Exte

rior O

nly

Appr

aisa

l Rep

ort (

Form

205

5)

Prop

erty

Insp

ectio

n A

ltern

ativ

e (P

IA)

LP C

ondi

tion

and

Mar

keta

bilit

y R

epor

t (Fo

rm 2

070)

6/11

/201

3,

506/

11/2

013,

50

Ord

erin

g th

e A

ppra

isal

•Br

oker

/Who

lesa

le C

lient

s m

ust u

se S

treet

Link

s to

ord

er th

e ap

prai

sal.

›w

ww

.stre

etlin

ks.c

om›

Stre

etLi

nks

Trai

ning

is o

ffere

d th

roug

h G

reen

Tre

e. S

ee o

ur tr

aini

ng

cale

ndar

to re

gist

er fo

r the

nex

t cla

ss.

•D

eleg

ated

& N

on-D

eleg

ated

Cor

resp

onde

nts

do n

ot n

eed

to

use

Stre

et L

inks

on

Con

vent

iona

l Con

form

ing

loan

s.›

You

will

nee

d to

cer

tify

the

appr

aisa

l was

ord

ered

in c

ompl

ianc

ew

ith A

ppra

iser

Inde

pend

ence

Req

uire

men

ts.

6/11

/201

3,

516/

11/2

013,

51

Gre

en T

ree

Con

form

ing

Prod

ucts

Que

stio

ns?

6/11

/201

3,

526/

11/2

013,

52

Furt

her I

nfor

mat

ion

•R

efer

to:

›G

reen

Tre

e W

ebsi

tew

ww

.gtc

orre

spon

dent

.com

›Th

e C

lient

Gui

de›

Pro

duct

Mat

rix

•C

onta

ct:

›C

lient

Ser

vice

s

877-

700-

4622

, Opt

ion

9

Cor

resp

onde

nt_L

endi

ng@

gtor

igin

atio

ns.c

om

›Yo

ur S

ales

Dire

ctor

or A

ccou

nt E

xecu

tive

›M

icha

el.T

illm

an@

gtor

igin

atio

ns.c

om