Approval Eligibilty

Huron Valley Financial is dedicated to partnering with Mortgage Lenders who have experience in the mortgage industry, proven knowledge and expertise in loan origination and customer care.  The link below will take you to our Online Application.

Minimum Criteria for Eligibility To Become a Correspondent:

Minimum tangible net worth for Mortgage Brokers is $25,000 or the State requirement.   Whichever is greater.

 Minimum tangible net worth for non-delegated correspondents is $100,000.

 Minimum tangible net worth for delegated correspondents is $1,000,000.

Owners / Principals of the compoany must have 10 years of experience in the residential mortgage business.

 

Required Documentation Submitted Via the Online Application:

W-9 Form

Articles of Incorporation / Orginzation / DBA filing

YTD Balance Sheet and Income Statement dated within the last 3 months

Resumes for all Principals

Quality Contol Plan

Copy of Fidelity Bond, Surety Bond and E&O Insurance

Government Loan Approval / Sponsorship

Corporate Resolution (if applicable)

Appraisal Procedures

 

Questions?  Please contact your Account Executive. 

 

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Huron Valley Financial, Inc. NMLS# 130672
2395 Oak Valley Drive, Suite 200, Ann Arbor, MI  48103
Direct:  (734) 669-8000
Toll Free:  (866) 669-8100
jcrowley@hvfpartners.com
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