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Helpful Hints

From Fairway Wholesale
A Division of Fairway Independent Mortgage Corporation

LOAN DELIVERY REQUIREMENTS

Loans not received for underwriting within 15 days of the lock expiration will automatically be cancelled.

LENDER ID #s

FHA Lender ID: 7950700001

VA Lender ID: 7951870000

MERs Org ID: 1003924

ADMIN FEE OPTIONS

FWL allows for the option of the Admin Fee to be charged to the borrower OR to build the Admin Fee into the rates / pricing. Refer to price adjustment grids on the ratesheet for specific pricing adjustments.

AUS FINDINGS

AUS Findings are required on all loans. FWL accepts both DU and LP (loan must be locked either FNMA or FHLMC based on the AUS used). DU is accessible in the TPO Portal. Fairway is listed in FNMA (DO) or FLMCM (LP) drop down menu as an investor. Findings scored on the web (DO or LP) must be finaled and released to FWL.

WEBCENTER

www.fairwaywholesalelending.com - Login with User ID

□ Loan Registrations and Submissions
□ Rate Locks and Quick Price
□ Manage and View Pipeline
□ Upload Documents
□ Internal Link to Guidelines and Matrices
□ DU Available

CLOSING DEPARTMENT

Complete and email the following to your designated CRS at least 3 business days prior to your scheduled closing date:

  • Closing Fee Worksheet
  • Insured Closing Protection Letter
INTEREST CREDIT
  • Conventional Loans – 5th of the month
  • FHA Loans – No interest credit
HAZARD, CPL & TITLE MORTGAGEE CLAUSE

Please update your records accordingly, effective immediately Fairway Wholesale Lending is updating the Mortgagee Clause (for both Hazard Insurance and Title Policies) to be used in conjunction with all Fairway transactions –

Fairway Independent Mortgage Corporation
ISAOA/ ATIMA
4201 Marsh Ln.
Carrollton, TX 75007
Loan Number: _____________