POA, TRUST, AND LEASHOLD APPROVALS
Please see below email from Schwartz & Associates Attorney regarding the instructions for approval of POA’s, TRUSTS, and LEASEHOLDS. It is MANDATORY that you obtain the Schwartz Approval and POA and upload them in the efolder prior to resubmission for final approval. This will be reviewed by the underwriter and the loan can be conditioned accordingly.
The order form is attached and the price schedule is also below. Please note, these fees must be disclosed in the section 801 of the itemization and marked as an APR fee. If your borrower tells you they want to use a POA or Trust after application, this IS a valid Change of Circumstance and you can redisclose this and charge the borrower.