Please call your Account Executive for assistance or reach out to Submissions Team Submissions@Chenoafund.org
We have updated our President’s Letter which is a part of our final disclosure package for closing.
If you pull your own 2nd mortgage closing package from your document provider or your own LOS you will need to be sure it is added to your closing package. We have updated the doc prep companies.
We require the following disclosures to be executed at closing for our 2nd mortgage. Disclosure of Secondary Financing
Quality Control Release Form
Addendum Regarding Seller or Lender Contributions
President’s Letter
If you pull your 2nd mortgage package from our website these documents will be included. Then marry our closing package for the second with your URLA (1003), Loan Transmittal, Final CD, and closing instructions to send to the title company or attorney’s office.
Sample Documents Quality Control Release
https://chenoafund.org/wp-content/uploads/2023/04/Quality-Control-Release.pdf
President’s Letter Rev. 3.24.23
https://chenoafund.org/wp-content/uploads/2023/04/Presidents-Letter-Rev.-3.24.23.pdf
Disclosure-of-Secondary-Financing
https://chenoafund.org/wp-content/uploads/2023/04/Disclosure-of-Secondary-Financing.pdf
https://chenoafund.org/wp-content/uploads/2023/04/Announcements-MISMO-and-Presidents-Le tter-.docx
ADDENDUM_REGARDING_SELLER_OR_LENDER_CONTRIBUTIONS
Sample Second Mortgage Closing Packages Sample CP-Repayable
https://chenoafund.org/wp-content/uploads/2023/04/Sample-CP-Repayable.pdf
Sample CP-Forgivable
https://chenoafund.org/wp-content/uploads/2023/04/Sample-CP-Forgivable.pdf
