Vaster start up kit
What you need to receive final approval for your clients
+ Phase I
- Attached Loan application Form
- If purchase- Contract (with Floorplan if new construction)
- Borrower Visa and Passport –if domestic- Passport only
- SSN or ITIN
- Latest Personal Bank statement- U.S.
- Proof of residence (physical Address) i.e. utility bill if foreign
+ Phase II
- Executed term sheet
- Loan Deposit
- Signed loan disclosures
- Entity Bank Statement- Entity has to open a bank account
- Article of Organization
- Certificate In Good Standing
- Letter for agent of service
- Special Purpose Entity documentation (LLC or Corp)
+ Phase III
- Insurance - we require an H06 for condos
- Survey if applicable
- Closing coordination