102 Application Process for New Lenders

A Lender Application package must be completed and returned to DCA for review and approval. The application package must contain:

1. a completed Lender Application form and all required attachments;
2. two (2) original Loan Seller Agreements executed by a duly authorized senior officer;
3. two (2) original Loan Servicing Release Agreements executed by a duly authorized senior officer;
4. the three (3) most recent year-end financial statements available, certified by an independent certified public accountant;
5. evidence of fidelity bond and errors and omissions coverage in amounts equal to that established for Fannie Mae Seller/Servicers;
6. a copy of the Lender’s Quality Control Plan.  If applicable, a 203(k) Quality Control Plan must also be provided;
7. a complete O.C.G.A. §50-36-1(e)(2) Affidavit executed by a duly authorized officer and a copy of one verifiable documentation of citizenship;
8. a Corporate Resolution designating the officers or individuals authorized to execute assignments and other legal documents; and
9. an Original Limited Power of Attorney executed by a duly authorized senior officer.