Part 1 - Step 1: Application Checklist

1. Authorized Signatures Form(s) (Download Form here)
2. Main office information and branch offices that will originate, process and submit THDA loans
3. DE Underwriter Information (Be Sure to have CHUMS ID)
4. Resume for each staff member who will be involved with THDA loans
5. Most recent Audited Financial Statement. Regulated Financial institutions may submit their most recently published Annual Report which includes the Report of Independent Auditors.
6. Quality Control
   1. Current Quality Control Plan/Procedures
   2. Most recent 90 days of QC reports with management responses
7. Lender's hiring procedures for checking all employees, including management, in the origination of mortgage loans against GSA Excluded Parties List, HUD LDP List, and FHFA SCP list
8. Most recent score card from two other investors or letters of recommendation from two other Housing Finance Agencies.
9. Copy of HUD, VA, USDA/RD, FHLMC and/or FNMA approvals (if less than 5 years ago)
10. Current License or Cert. of Registration from the TN Depart. Of Financial Institutions (Exempt State Chartered Banks, National Bank, Credit Union) (Click here for more info)
11. Current Certificate of Existence or certificate of Authorization from the Tennessee Secretary of State's Office. If you do not have a copy, please visit the TN Secretary of State website to request one for $20.00 https://tnbear.tn.gov/Ecommerce/FilingSearch.aspx
12. Copy of current Fidelity Bond, Errors & Omissions Insurance policy, or Mortgage Bankers Blanket Bond in the amount of $500,000 or more
13. A different Lender will be responsible for underwriting your company's FHA loans.
14. If Lender is not a financial institution, current letter (file copy OK) from Lender's warehouse lender stating a line of credit in the minimum amount of $1,000,000
15. Freddie Mac, Fannie Mae, or TPO numbers if applicable
16. Wiring instructions for purchase of your loans (Lender Compensation paid at time of purchase is included)
17. Completed ACH form with instructions for payment of Service Release Premium (occurs after final documents are submitted to THDA) (Download Form here)
18. Copy of current W-9
19. For GC97 Freddie Mac approval only: Statement indicating lender has necessary systems in place (Download Form here)

Working Agreement(s): Choose all that apply

20. Working Agreement for Great Choice (MRB) Program, signed (Download Standard Version Form here)
21. Working Agreement for Great Choice (MRB) Program, signed, includes Parent Company signature, (Download Parent Version Form here)
22. Working Agreement for GC97 (MBS) Conventional Program, signed (Download Form here)