RETAIL COMPLIANCE REVIEW LOAN DETAIL CHECKLIST (TRID)

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Last Name: First Name: Loan #: Initial 1003

Intent to Proceed (ITP)

Initial LE

92900A (FHA/VA Only)

LO Sig. Date: Prep. Date: Prep. Date: LO Sig. Date:

Borrower Sig. Date: Sig. Date: LE Date On ITP: Borrower Sig. Date:

Date Locked: Lock Exp. Date:

Program Code: Loan Purpose: Purchase Refi State:

Compliance Auditor: Date Reviewed: Miscellaneous Yes No N/A 1. Purchase: the contract date, contract execution date, and original closing date

are accurate in Encompass2. Initial Disclosures prep dates on or before Initial Disclosure due date 3. LO is clear on Mavent and name matches Encompass and disclosures 4. LO’s phone number is included on the initial 1003 5. Settlement/closing Agent is AFN Approved 6. LO signature and ALL Prep date are at most 3 days after AUS was run 7. Mavent alerting for HPML [if Yes, Underwriter to complete HPML Checklist form

(screen) in Encompass]8. eConsent form in file (initial disclosure packages sent via email must have

borrowers’ consent)9. FHA: The HUD ID on the FHA Case Assignment matches the branch address

on the initial 100310. FHA: FHA Case Assignment date is on or after the borrower signature

date on the initial 92900aInitial Loan Estimate (LE) Yes No N/A 11. Notice of Intent to Proceed in file, dated same as LE and signed 12. Initial LE prep dated on or before initial disclosure due date 13. LE (page 1) “Can this amount increase after closing?” =“NO” if FIXED,

“YES, until…” if ARM14. Intent to Proceed signed before Closing Cost Exp. Date (shown below

RATE LOCK field); if not, re-disclosure is required15. For unlocked loan, RATE LOCK field is marked “NO” 16. For locked loan, LE disclosure provided within 3 days of the lock date 17. For locked loan, “RATE LOCK” field marked “YES, until…” 18. For locked loan, estimated closing cost expiration date, time and time zone appear

below RATE LOCK information (i.e. All other estimated closing costs expire on 03/18/2016 at5:00 p.m. PST)

19. Loan amount, rate, charge/credit, term, purpose, and productmatch Encompass

20. Monthly HOA dues included in projected payment table (page 1)21. LE (Pg 1) ”Estimated Taxes, Insurance & Assessments” correctly

reflects impounds22. Estimated Closing Costs on page 1 matches J. Total Closing Costs on page 2

RETAIL COMPLIANCE REVIEW LOAN DETAIL CHECKLIST (TRID)

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Initial Loan Estimate (LE)(Continued) Yes No N/A

23. If Conv w/LTV ≥ 90%, or FHA or VA, impounds are included on LE24. If FHA or Conv w/LTV > 80%, monthly/upfront MI is included on LE 25. If FHA/USDA/VA or Conv w/LTV > 80%, MI is correctly reflected in

Encompass and on LE, based on MI Matrix26. LE (page 2) “Origination Charges” includes only the fees shown on the state-

specific fee matrix27. LE (page 2) all fees charged have a fee description

28. LE (page 3) reflects AFN information, including LO’s email address, NMLS ID,and phone number

29. Late Payment – shows 15 days and Conv is 5%; FHA/USDA /VA is 4% 30. Assumption – Conventional Fixed “will not” box is marked or

FHA/VA/USDA/Conv ARM “will allow” box is marked31. Initial LE signed and dated by borrower(s) 32. Service Provider form dated the same as initial LE prep date 33. Encompass Settlement Service Provider List form completed in full,

reflecting service category, provider company name(s), contact name(s), and fees

Loan Estimate (LE) – Re-disclosed Re-discl #1 Re-discl #2 Re-discl #3 Yes No N/A Yes No N/A Yes No N/A

34. Re-disclosed LE dated within 3 business daysof changed circumstance

35. Change of Circumstance form lists changingcircumstances (i.e. lock)

36. Change of Circumstance lists each change withprevious and revised amounts, and with MI paymentchanges

37. Re-disclosed LE dated within 3 days of thechange

38. LE (page 1) “Can this amount increase afterclosing?” = “NO” if FIXED “YES, until…” if ARM

39. For unlocked loan, RATE LOCK field ismarked “NO”

40. For locked loan, “RATE LOCK” field marked“YES, until…”

41. For locked loan, estimated closing costexpiration date, time and time zone appear belowRATE LOCK information (i.e. All other estimatedclosing costs expire on 03/18/2016 at 5:00 p.m.PST)

42. Loan amount, rate, credit/charge, term,purpose, and product match Encompass

43. LE (page 1) “Estimated Taxes, Insurance &Assessments” correctly reflects impounds

44. Monthly HOA dues included in projectedpayment table (page 1)

45. “Estimated Cash to Close” on page 1 matchessame field on page 2

46. LE (page 2) “Origination Charges” includes onlythe fees shown on the fees matrix

RETAIL COMPLIANCE REVIEW LOAN DETAIL CHECKLIST (TRID)

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Loan Estimate – Re-disclosed (Cont’d) Re-discl #1 Re-discl #2 Re-discl #3 Yes No N/A Yes No N/A Yes No N/A

47. LE (page 2) all fees charged have a feedescription

48. If FHA or Conv w/LTV > 80%,monthly/upfront MI is included on LE

49. If FHA/USDA/VA or Conv w/LTV > 80%,MI is correctly reflected in Encompass and on LE,based on MI Matrix

50. DU Refi Plus and LP Open Access: no appraisalfee if AUS calls for no appraisal; Property InspectionWaiver (PIW) fee is OK

LA: LA: LA: Rate: Rate: Rate:

51. DU Refi Plus and LP Open Access: mortgageinsurance is entered in Encompass with disclosuresas outlined on the AUS

52. LE (page 3) includes AFN’s information,including the Loan Originator’s email, address, andphone number

53. Late Payment – shows 15 days andConv is 5%; FHA/USDA /VA is 4%

54. Assumption – Conventional Fixed "will not"box is marked or FHA/VA/USDA/Conv ARM “willallow” box is marked

55. Fees in the following boxes cannot change with re-disclosure without an APPROVED COC.

Fee Section Initial LE LE Re-discl. 1 LE Re-discl. 2 LE Re-discl. 3 Loan Amount $ $ $ $ Interest Rate % % % % A. Origination Charges TotalA. Commitment Fee $ $ $ $ A. Processing Fee $ $ $ $ A. $ $ $ $ A. $ $ $ $ B. Services CANNOT Shop ForB. Appraisal Fee $ $ $ $ B. Credit Report Fee $ $ $ $ B. MIP/UFMIP/VAFF/Guar Fee $ $ $ $ Fee Section Initial LE LE Re-discl. 1 LE Re-discl. 2 LE Re-discl. 3 B. Services CANNOT Shop ForB. $ $ $ $ B. $ $ $ $ B. $ $ $ $ C. Services CAN Shop ForE. Taxes & Other Govt Fees $ $ $ $ J. Credit for Rate (Line 802 b)J. Lender Credits (LE page 2)

RETAIL COMPLIANCE REVIEW LOAN DETAIL CHECKLIST (TRID)

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CD – Initial + Re-disclosed

56. Fees in the following boxes cannot change with re-disclosure without an APPROVED COC.

Fee Section Initial CD CD Re-discl. 1 CD Re-discl. 2 CD Re-discl. 3 Loan Amount $ $ $ $ Interest Rate % % % % A. Origination Charges TotalA. Commitment Fee $ $ $ $ A. Processing Fee $ $ $ $ A. $ $ $ $ A. $ $ $ $ B. Services NOT SHOPPED ForB. Appraisal Fee $ $ $ $ B. Credit Report Fee $ $ $ $ B. MIP/UFMIP/VAFF/Guar Fee $ $ $ $ B. $ $ $ $ B. $ $ $ $ B. $ $ $ $ C. Services SHOPPED ForE. Taxes & Other Govt Fees $ $ $ $ J. Credit for Rate (Line 802 b)J. Lender Credits (CD page 2)

CD – Initial + Re-disclosed Initial CD Re-discl #1 Re-discl #2 Yes No N/A Yes No N/A Yes No N/A

57. Initial CD and last re-disclosed LE match(loan amt, rate, lender credit, etc.)

58. Assumption – Conventional Fixed “willnot" box is marked or FHA/VA/USDA/Conv ARM“will allow” box is marked

59. CD Closing Information section (Pg 1)reflects date issued, closing date and disbursementdate

60. CD Closing Information section (Pg 1)shows settlement agent’s name and file #

61. CD Closing Information section (Pg 1)shows sales price (for purchase) or estimated value(for refinance)

62. CD Transaction Information (Pg 1)reflects borrower name and mailing address, seller(for purchase), and lender

63. CD Loan Information section and LoanTerms Section (pg 1) are complete and matchEncompass (loan amount, rate, charge/credit, term,purpose, & product)

64. If FHA/USDA/VA OR Conv w/LTV > 80%,MI is correctly reflected in Encompass and on CD,based on MI Matrix

65. CD Loan Information (page 1) reflects MIC#if mortgage insurance applicable (FHA/Conv withLTV > 80% or VA)

RETAIL COMPLIANCE REVIEW LOAN DETAIL CHECKLIST (TRID)

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CD – Initial + Re-disclosed (Continued) Initial CD Re-discl #1 Re-discl #2 Yes No N/A Yes No N/A Yes No N/A

66. Monthly HOA Dues included in projectedpayment table (page 1)

67. CD (page 2) Title Fees reflected as applicablein one section only

68. CD (page 2) all fees charged have a feedescription

69. If Closing Agent changed, all Title Fees arein section C of the CD

70. CD Calculating Cash to Close section(page 3) “Loan Estimate” and “Final” columns arecompleted

71. Late Payment – shows 15 days and Conv is 5%;FHA/USDA /VA is 4%

72. CD Escrow Account (page 4) appropriateescrow account box(es) marked

73. CD Contact Information (page 5) completedwith all parties to the loan, including NMLS ID,Company Names, Contact Names, etc.

Miscellaneous Disclosures Borrower #1 Borrower #2 Borrower #3 Yes No N/A Yes No N/A Yes No N/A

74. Borrower Signature/Credit Authorization75. Borrower’s Certification and Authorization76. Disclosure Notices Form (with applicable

sections complete)(Includes FTC address)77. Credit Score Information Disclosure

(must reflect credit scores)78. Patriot Act Information Disclosure79. Privacy Policy Disclosure (signed if

signature line present)80. IRS Form 4506-T (N/A on Streamlines)81. Notice of Right to Receive an Appraisal

(N/A on Streamlines w/o appraisal and Homepath)w/ correct verbiage (see notes)

82. Homeowner Counseling Discl. provided within3 days of App and with correct verbiage

83. Affiliated Business Arrangement (ABA)Disclosure

84. CFPB “Your Home Loan Tool Kit”Acknowledgement of Receipt

85. Conventional >80% LTV: PMI Disclosurerequired; appropriate box marked (up-front versusmonthly)

86. ARM, Buydown or other Loan TypeSpecific Disclosures (if applicable)

87. State-specific Disclosures (other than CA;see applicable state checklist)

RETAIL COMPLIANCE REVIEW LOAN DETAIL CHECKLIST (TRID)

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Miscellaneous Disclosures (Continued) Borrower #1 Borrower #2 Borrower #3 Yes No N/A Yes No N/A Yes No N/A

88. Oregon Lock Agreement borrower mustsign as soon as loan is locked

89. Illinois Anti-Predatory Lending Law – loanregistered and certified (cert of exemption only inCook, Kane, Peoria, and Will counties, within 10business days of initial LE date)

90. CA Addendum to Loan Application(for married borrowers or co-signers)

91. CA Statement of Interest Addendum toResidential Mortgage Loan Application

92. CA Voluntary Information for GovernmentMonitoring Purposes

93. CA Machine Copies Notice94. CA Domestic Partnership (non-married

borrowers; 2 boxes must be checked)95. CA Fair Lending Disclosure (showing

DBO and BRE addresses)96. CA Commitment Agreement97. CA Hazard Insurance Disclosure98. FHA Refi: Application of Unused Escrow Funds

Authorization in file with “to apply these funds” boxmarked

99. FHA: Assumption Notice100. FHA: HUD 92564-CN (For Your Protection…)

(purchase only)101. FHA: Amendatory Clause (purchase only;

must be signed by all parties, including seller)102. FHA: Identity of Interest Certification

(purchase only; appropriate box marked)103. FHA: Important Notice to Homebuyers

(92900B) (purchases only) new verbiage104. FHA: Informed Consumer Choice Disclosure105. FHA: Initial 92900A box12b has correct term106. FHA with Bond, DPA or MCC: Amendatory

Clause signed by all parties is in the file107. VA with Bond, DPA or MCC: Amendatory

Clause signed by all parties is in the file108. VA: Federal Collection Policy Notice (26-0503)109. VA: Debt Questionnaire (26-0551)110. VA: Counseling Checklist (26-0592) (active duty

only) (N/A on IRRRLs)111. VA: Important Notice to Homebuyer (29-8978)

(Purchases only)112. VA: Nearest Living Relative (handwritten

version acceptable) (N/A on IRRRLs)

RETAIL COMPLIANCE REVIEW LOAN DETAIL CHECKLIST (TRID)

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Miscellaneous Disclosures (Continued) Borrower #1 Borrower #2 Borrower #3 Yes No N/A Yes No N/A Yes No N/A

113. VA: Rate Reduction Certification (IRRRL only; disclosed within 3 days of application if not closed on or after 04/01/2018)

114. USDA: Income Disclosure115. USDA: Request for Single Family Housing Loan

Guarantee Fee

ATR/QM Yes No N/A

116. Applicability: Conv/VA/USDA application date is 1/10/14 or later117. ATR/QM Eligibility is reflecting the loan type accurately (see notes)118. 2010 Itemization: Impounds reflect paid to Other (“O”)119. If AFN or Benevolence Escrow, escrow fees paid to Affiliate (“A”)

120. If Charge for Rate (discount points) on file, points and fees test boxis completed and accurate (only if failing ATR/QM section of Mavent)

121. If Charge for Rate (discount points) on file, lock confirmation isuploaded to file

122. If HPML, Encompass reflects loan ineligible for Safe Harbor

Pre-Signoff Yes No N/A

123. Disclosure Tracking entries match forms in the eFolder (APR, date,method, type, etc.)

124. eConsent form in file (initial disclosure packages sent via email musthave borrowers’ consent)

125. Conv >80% LTV: MI cancellation at 78% only if premium and for SFR126. If FHA/USDA/VA or Conv w/LTV > 80%, MI is correctly reflected in

Encompass and on last disclosed CD, based on MI Matrix127. No LE dates are the same128. No CD dates are the same129. Last disclosed CD matches Encompass loan amount, rate, charge/credit

for rate, purpose, and product