Announcement: Requirements to Validate Self-Employed Income during COVID-19
During COVID-19, our guidelines to validate Self Employed Income have changed, in order to provide options in case the borrower’s transcripts cannot be obtained. We still require VVOE and 3rd party verification for all Self Employed Borrowers.
Announcement: Revision to 7/28 COVID-19 Temporary Guidelines
Due to current market conditions, temporary changes to our employment re-verification process are necessary to manage risk.
Announcement: COVID-19 Temporary Guidance
Due to current market conditions, temporary changes to our employment re-verification process are necessary to manage risk.
Announcement: Disaster Declaration for Utah
On July 9, 2020, the Federal Emergency Management Agency (FEMA) has announced that federal disaster aid with individual has been made available in the state of Utah period of March 18th-April 17th, 2020.
Announcement: Disaster Declaration for Michigan
On July 9, 2020, the Federal Emergency Management Agency (FEMA) has announced that federal disaster aid with individual has been made available in the state of Michigan period of May 16th-20th.
Announcement: Tax Return Filing Deadline
The last day to file 2019 Tax Returns is July 15th. Any loan that is not cleared to close by July 10th requires 2019 Tax Returns for qualifying purposes
Announcement: Now Lending in Hawaii
LoanStream will now be lending in the great state of Hawaii.
Announcement: July 4th Lock Desk Hours
LoanStream’s Lock Desk hours will be adjusted for the dates of July 2nd through July 4th due to Independence Day. Normal lock desk operations and hours will resume Monday, July 6th
Announcement: FNMA & HomeReady Product Guideline Updates
FNMA has recently made guideline changes to FNMA and HomeReady Products.
Announcement: Eliminating WVOE Only Program
Effective for new loans submitted by brokers (TPO submitted date) on or after June 16th, we will no longer be accepting any loan under any program with an WVOE only.