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The following items are standard information and
documentation for the purchase of a private mortgage. Your
Funder may require more or less information depending on how the
transaction will be handled.
QUOTE REQUEST
INFORMATION WORKSHEET
Terms of repayment
Description and address of the property
Payer Information (Name, address, and SSN)
PRELIMINARY APPROVAL PACKAGE
SIGNED OPTION/PURCHASE AGREEMENT
CLOSING STATEMENT
RECORDED SECURITY INSTRUMENT (Deed of Trust, Mortgage or Contract)
SIGNED NOTE (If Deed of Trust or Mortgage)
PAYMENT RECORD (pay history, cancelled checks, deposit slips, amortization schedule)
TAX AND INSURANCE INFORMATION
PICTURES (If available)
COPY OF PREVIOUS TITLE POLICY (If available)
COPY OF MOBILE HOME TITLE (If applicable)
FINAL APPROVAL PACKAGE
ORIGINAL APPRAISAL (Acceptable format from an approved provider)
ORIGINAL NOTE WITH PROPER ENDORSEMENTS
ORIGINAL RECORDED SECURITY INSTRUMENT (Or a county certified copy)
NEW TITLE COMMITMENT OR EXISTING LENDER’S POLICY
VERIFICATION OF ACCOUNT
Seller Collected - signed payor estoppel or proof of delivery
Servicer Collected - Verification of Account, Authorization, & Transfer Package
Pay History (copies of checks, money orders, bank deposit statements, etc)
Verbal Debt Verification
OTHER DOCUMENTATION (As requested on the Closing Review Checklist/Approval Form)
CLOSING INSTRUCTIONS (Place, scheduled date, and wiring information)
SIMULTANEOUS PACKAGE (not all Funders will purchase these)
REAL ESTATE PURCHASE AGREEMENT
CREDIT APPLICATION
PROOF OF INCOME (W-2, pay stub, tax return, etc)
ORIGINAL INTERIOR APPRAISAL (Acceptable format from an approved provider)
COPY OF PROPOSED DOCUMENTS (Security Instrument, Note, Closing Statement, Deeds, etc)
CERTIFIED DOWN PAYMENT FUNDS (to be provided through escrow at closing)
COPY OF DRIVER’S LICENSE
©
1997-2005, Diversified Investment, Inc.
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