Resources & Forms

Everything you need

Change Wholesale Broker Resources

BRANCH Forms

Branch Application Form
Download a blank Branch Application Form

Broker Forms

Submission Form - All Programs

Note: For AUS Required Loans Please Follow AUS for Minimum Required Documents

CD Request Form

Download a blank CD Request Form

Comp Plan Change Request

Download a blank Comp Plan Change Request

Anti-Steering Disclosure

Download a blank Anti-Steering Disclosure

Broker Agreement

Download a blank Broker Agreement Form

Broker Compensation Request
Change of Circumstance
CHM Income Analysis Worksheet

Additional Forms

EXHIBIT A - Occupancy Affidavit
EXHIBIT B - Ability to Repay Borrower Confirmation
EXHIBIT C - Non-Occupant Co-Borrower Certification
EXHIBIT D - Condominium Project Questionnaire
EXHIBIT E - LLC Borrowing Certificate (Single Member)
EXHIBIT F - LLC Borrowing Certificate (Multiple Member)
EXHIBIT G - Borrower Contact Consent Form
EXHIBIT H - Condominium Project Warranty Certification
EXHIBIT I - Borrower Certification of Business Purpose

Disclosures

4506 Request for Transcript

Download a blank 4506-T

Appraisal Disclosure

Download a blank Appraisal Disclosure

Colorado Loan Originator Reasonable Inquiry Attestation
Montana Mortgage Loan Origination Disclosure
SSA-Borrowers Authorization

Guides

Borrower Paid vs. Lender Paid

Borrower paid to lender paid is not allow. Lender paid to borrower paid is allowed.

 

Borrower-Paid Compensation Lender-Paid Compensation
Source of Compensation All broker compensation is paid from the borrower’s own funds. All broker compensation is paid directly from Commerce TPO.
Variation in Compensation All compensation is negotiated between the broker and the borrower and is paid from borrower and is paid from borrower’s own funds, therefore this can vary from one loan to the next. All compensation is paid to the broker from the lender, at a predetermined margin and cannot vary from one loan to the next.
Premium Pricing May be used to pay towards borrower’s third-party charges, but cannot be credited towards any portion of the broker’s compensation. Any premium pricing must be credited toward the borrower’s third-party charges or Commerce TPO fees as Lender-Paid compensation can never increase or decrease. The credit cannot exceed the total of third party charges and Commerce TPO fees.
Broker Credits Broker may reduce their compensation and offer credits towards the borrower’s third-party charges. Broker cannot reduce their compensation. However when the YSP exceeds the predetermined LO Comp margin, the overage will be credited to borrower’s third-party charges.
Processing Fees Broker is allowed to charge processing fees to the borrower. Broker is not allowed to charge processing fees to the borrower as they can only receive compensation from one source. If using a contract processor with a NMLS # they are allowed to charge a processing fee that will be paid directly out of escrow. Must be a third-party independent of broker.
Seller Contribution Seller contributions are considered borrower funds and therefore, can be credited towards broker compensation. Seller contributions are considered borrower funds and therefore, cannot be credited toward broker compensation, as the broker cannot receive comp from both the borrower and lender.
Broker Guide

Download a blank Broker Guide

CA Impound Schedule
Closing Month 1st Payment Month Tax Installment required to be paid or payment must be shown on HUD # Mo. to Collect (w/2 mo. Cushion)
January March 2nd Half Prior Year 2
February April 2nd Half Prior Year 3
March May 2nd Half Prior Year 4
April June 2nd Half Prior Year 5
May July 2nd Half Prior Year 6
June August 2nd Half Prior Year 7
July September 2nd Half Prior Year 8
August October 2nd Half Prior Year 9
September November If Bill Not Released 2nd Half Prior Year 10
If Bill Released 1st Half Current Year 4
October December If Bill Not Released 2nd Half Prior Year 11
If Bill Released 1st Half Current Year 5
November January 1st Half Current Year 6
December February 1st Half Current Year 7

 
Due Dates: Semi Annual, 1st installment due November 1st, 2nd installment due February 1st.

Cushion: Two month cushion is required on all escrow accounts.

Interest Credit: When loan is closed with interest credit, use the chart above based on the first payment date, not the closing month.

Taxes Due: Property Taxes that are due within 60 days of closing must be paid regardless of impounds. (Even if impounds are waived).

CO Impound Schedule
Closing Month 1st Payment Month Tax Installment required to be paid or payment must be shown on HUD # Mo. to Collect (w/2 mo. Cushion)
January March If Bill Not Released 2nd Half Prior Year 10
If Bill Released 1st Half Prior Year 4
February April 2nd Half Prior Year, Due Feb 5
March May 2nd Half Prior Year, Due Feb 6
April June 2nd Half Prior Year, Due June 2
May July 2nd Half Prior Year, Due June 2
June August 2nd Half Prior Year, Due June 3
July September 2nd Half Prior Year, Due June 4
August October 2nd Half Prior Year, Due June 5
September November 2nd Half Prior Year, Due June 6
October December 2nd Half Prior Year, Due June 7
November January 2nd Half Prior Year, Due June 8
December February If Bill Not Released 2nd Half Prior Year 10
If Bill Released 1st Half Current Year 4

 
Due Dates: Semi Annual, 1st installment due November 1st, 2nd installment due February 1st.

Cushion: Two month cushion is required on all escrow accounts.

Interest Credit: When loan is closed with interest credit, use the chart above based on the first payment date, not the closing month.

Taxes Due: Property Taxes that are due within 60 days of closing must be paid regardless of impounds. (Even if impounds are waived).

Possible Change of Circumstance

If you have a change specifically mentioned below, then only the fee directly associated with this can change. You must re-disclose within 3 days of the changed circumstance. For example, when parties are added to or removed from the title— the cost of the appraisal doesn’t change, as the appraisal is not affected by the number in the party. The credit fees may increase, however, if you are adding a party and need to pull their report. Only the fee directly related to the modified circumstance may be affected.

Changed Circumstances–Specified By HUD

  1. Acts of war, disaster, or other emergency.

  2. Information provided by the borrower or transaction that was relied on in providing the LE either changes or is found to be inaccurate after the LE has been provided.

    1. Could include quality of the borrower
    2. Loan Amount
    3. Estimated Value
    4. Locking of Loan–Important Dates
  3. New information particular to the borrower or transaction that was not relied on in providing the LE.
  4. Circumstances particular to the borrower or transaction including boundary disputes, need for flood insurance or environmental problems.
  5. Discovery of additional documents (such as releases) that must be recorded causing an increase in recording fees.
  6. If the borrower does not proceed with the terms outlined in the GFE and the GFE expires (fees good through:____).
  7. Property address turns out to not be the correct, legal address—fees affected by the address can change.
  8. Parties are added or removed from title or property is moved out of a trust—only fees associated with this can change.
  9. Property use changes—only fees tied to occupancy may change.
  10. Credit policy is required to change after the LE is issued due to regulatory changes such as fees charged by government agencies for recording fees or taxes change after the GFE is issued and the Loan Originator did not have notice of changes prior to issuance—fees can be updated and re-disclosed.
  11. After the LE is issued, it is determined that additional services such as an additional pest, structural or other inspection, upgraded appraisal, certification, survey or other requirement is required by the loan originator in connection with the transaction.
  12. A revised LE cannot be issued after a CD has been issued.
Requesting a Lock Extension
Submit a Loan to Broker Portal

To start a new loan in our system you must complete loan actions in the following sequence.

  1. Sign in and enter your Commerce assigned User Name and Password on this site website
  2. Click “New Loan”
  3. Upload DU 3.2, Calyx Point, or Encompass file
  4. Click ‘Order/Reissue Credit’ from the Loan Details page
  5. On left side under Loan Actions, Click “Order/Reissue Credit” (select your credit provider and enter your credit credentials to re-issue) ***Remember to Click RE-issue box or a new Credit Report will be ordered***

  6. Toggle to the “Conditions &Documents” Tab across the top and under “_LE Request Form”: add file containing

    1. LE Request Coversheet

    2. 1003 dated preferably within 24 hours

    3. Itemization of Fees

    4. Verified Fee Sheet from Escrow & Title Company

    5. Addition: Service Provider List

      IMPORTANT *For Purchase Transactions make sure you included the undiscounted rate

    *If you DO NOT have your full Credit Package from your borrower, EXIT THE FILE. Do not hit the Submit Loan Button again. We will issue a LE to your borrower within 24 hours.

    *If you HAVE your full Credit Package or once you have your full Credit Package from your borrower continue to the next steps.

  7. On conditions and documents page, scroll to bottom and add file under “Loan Submission cover sheet and credit package including Disclosure-Broker Provided.

  8. Click Submit loan button on left side of screen

  9. If prompted, you may need to click ‘Submit Loan button’ again at the bottom of the next page.

  10. EXIT file so we can start working on your file to submit to your underwriter

Appendix Q - Standards for Determining Monthly Debt & Income

FHA/VA Forms

FHA Broker Sponsorship
FHA Case Number Request

Download a blank FHA Case Number Request

FHA Streamline Refinance Maximum Mortgage Worksheet
VA Recoup Worksheet

Download a blank VA Recoup Worksheet

VA Sponsorship Form

Download a blank VA Sponsorship Form

Loan Processing

Loss Payee Clause

Change Lending, LLC,
c/o LoanCare LLC
ISAOA/ATIMA
PO Box 202049
Florence, SC 29502

Fax: (843) 413-7127

1005 - Request for Verification of Employment
1084 - Cash Flow Analysis

Not finding what you are looking for? Email us at [email protected].