Application for Mortgage Warehouse Financing

Application for Mortgage Warehouse Financing

REQUEST

Amount Requested: Tier Request (see Warehouse Comparison Flyer): Corporate Name: D/B/A (if applicable): Address: City: State: Zip: Email: Phone Number: Fax Number: Flagstar AE/Relationship Manager: Seller ID:

OWNERSHIP

Full Legal Name Position SSN Percentage of Ownership

Involved in day to day operations

***In California name broker of record *** Broker of Record must provide resume and complete the credit authorization attached Parent Co., if applicable Parent Co. Address Type of Organization State of Incorporation Federal Tax ID State Charter/ ID# Fiscal Year End

CONTACT INFORMATION

Position Name Telephone Email Address

Primary Contact

Secondary Marketing

Operations Manager

Funding Manager

Underwriting

Finance/ Accounting

Servicing


Position Name Telephone Email Address

Shipping

Guideline/ Prod. Updates

Loan Repurchase

OTHER PERSONNEL

Number of full time employees Staff Loan Officers Do you have other office/ branch locations, other than the corporate office ****If yes, please attach a listing of locations and names of branch managers

PRODUCTION

Provide a brief summary of your production history and forecasts. Include current production, production for the remainder of the year and next year. Actual Production figures

Product Breakdown (%) Method Generated (%) Volume ($) Count Conv Govt B C/D 2nd HLTV Retail vs

Wholesale Purchase vs Refinance

YTD Last Year Two Years Ago Projected production figures for next 12 months

Product Breakdown (%) Method Generated (%) Volume ($) Count Conv Govt B C/D 2nd HLTV Retail vs

Wholesale Purchase vs Refinance

This Year Next Year ADDITIONAL INFORMATION

Seller/ Servicer, Agency

GNMA # FNMA# FHLMC#

HUD# FHA Delegated? MERS ID #

VA# VA Automatic?


How did you hear about Flagstar Bank? How is production originated? If production is generated via both channels how much volume is done on a correspondent vs a broker basis? How are loans generated? Where do you get your leads? How do you market? What percentage of production is from Third Party Origniators? What percentage of TPO is closed in your own name? What is your Quality Control process? Do you outsource? If so, what portion of your QC process is outsourced and to whom? Do you own any interest in the company to which you outsource some or all of your QC? Do you own or is the company affiliated with a title company, escrow company, closing office or other real estate related companies (i.e. appraisal services)? ***If yes, please provide explanation Please provide the name of the credit vendor your company utilizes to obtain credit bureau reports for your borrowers. Do you retain any servicing? If yes, what percentage Do you have delegated underwriting with any investors? If yes, please provide resume(s) of underwriters and list investors

LICENSING: Mark the states in which you originate mortgage loans

AK AL AR AZ CA CO CT DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WV WI WY


If a “YES” answer is given to any question other than questions 15 and16 please attach a detailed explanation and copies of supporting documentation. 1) Has the company had any investigation by or adverse finding with HUD or VA? 2) Has a warehouse lender ever denied you or your company any advance, reduced the line of credit, canceled the line or accelerated the balance owing under a warehouse line of credit agreement?

3) Has a prospective or current lender ever denied or declined the company’s application for credit? 4) Has the company ever received any notice of default from a warehouse lender and/or has the company failed to comply with any term or condition of a warehouse line of credit agreement?

5) Has the company’s approval or good standing with FNMA, FHLMC or GNMA, or any private investor, private mortgage insurance company or federally insured financial institution been suspended or withdrawn in the past five years?

6) Has any investor, agency or regulator’s examination or audit within the past five years shown the company to be out of compliance with applicable regulations or guidelines? Please specifically describe any adverse findings.

7) Has the company had any adverse change in its financial position since the date of the most recently audited financial statements provided to Flagstar Bank?

8) Has the company or any of its officers been the subject of any fine, investigations, administrative action, including without limitation license revocation, by any municipal, state or federal regulatory agency?

9) Has the company or any of its officers been involved in any lawsuit or arbitration proceeding relating to or arising out of: 1. the origination, sale or servicing of mortgage loans; or 2. the failure to pay a creditor?

10) Are any officers or employees excluded from Fidelity Bond or Errors and Omissions insurance coverage?

11) Has your company ever received a request to repurchase a loan from or indemnify any investors in the past 12 months?

12) Have you or your company repurchased one or more loans? 13) Have you or any principal, management personnel or any other employee of the company ever been convicted of a crime, other than a misdemeanor traffic violation, plead guilty to a crime, plead no contest to a crime or entered into a deferred adjudication (or similar) agreement in connection with a criminal charge?

14) Have you or any principal of the company ever been a party to a bankruptcy? 15) Do you perform criminal background checks on your employees? 16) Do you obtain Insured Closing Letters on each mortgage transaction?

Application for Mortgage Correspondent/ Warehouse Financing

Repurchase/Indemnification Has your company ever had to repurchase a loan from, or indemnify, any investors in the past twenty four months? YES NO (if yes, please provide details)

Borrower Name Investor Loan Type Loan Status N/I/R * Date of Claim/Notice

Repurchase Issue

Original Loan

Amount

Original LTV

Repurchase/ Indem/Notice

Amount

Date of Resolution

Status

Totals

* (N) = Notice, (I) = Indemnification, (R) = Repurchase

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LIST OF INVESTORS

Investor Contact Person

Email Telephone

Relationship start date Annual Volume

Product Type(s)


Email Telephone


Product Type(s)


Email Telephone


Product Type(s)


Email Telephone


Product Type(s)


Email Telephone


Product Type(s)

Use additional pages if necessary


WAREHOUSE LENDERS (Existing)

Lender Contact Person

Email Telephone


Line Size Current Outstanding


Email Telephone




Email Telephone



WAREHOUSE LENDERS (Previous)


Email Telephone




Email Telephone



Are their other warehouse applications pending?


Would you like someone to contact you to discuss the possibility of moving your business operating account(s) to Flagstar? If “YES” who should we contact to discuss?

BANKING REFERENCES

Bank Name Contact Person

Email Telephone

Address

Account Number


Email Telephone

Address

Account Number


Email Telephone

Address

Account Number


Email Telephone

Address

Account Number


SUPPORTING DOCUMENTATION The following information must be furnished to Flagstar warehouse lending before processing of the application will begin. Applicant freely offers the representations herein and warrants that they are true and correct. 1) Completed application and executed certification (attached) 2) Personal financial statements on Flagstar Bank’s form (attached) for each guarantor dated less than six

months prior to the date of the application. 3) Supporting documentation to support items shown in the Cash, Savings, CDs and Stocks and Bonds

sections of the personal financial statements. 4) Company History- description of company background, including number of employees, offices,

branches, product focus, market focus, advertising, etc. 5) Financial information- fiscal year end audited corporate financial statements for past two years 6) Recent year to date interim financial statements 7) Copies of recent company bank statements to support liquidity position reported on interim financials 8) Tax Returns-last two years corporate returns and last two years personal tax returns of principals

(SIGNED and DATED) Provide complete returns including all schedules and K-1s 9) 4506 form for company and each principal (attached) 10) Copies of personal trusts held by principals, those with revocable trust should also provide a Certificate

of Trust. The certificate should state the name of the trust, dates, trustees and state the trust has the right to guarantee the line.

11) Resumes of principals and key operating personnel 12) Employee list in Excel format must include title of employee and if applicable NMLS number for all Loan

Officers. (**Please note Employee list would include any 1099 employees or contract workers). 13) Investor report cards 14) State drivers license with picture for each guarantor 15) Articles of Incorporation and by-laws, including all amendments 16) Copy of legal agreements between company and it’s parent/ affiliates/ shareholders 17) Summary of all pending litigation 18) Agreements concerning other indebtedness, including guarantees 19) Certificate of Good Standing, dated less than 6 months old 20) E&O Insurance and Fidelity Bond Policies 21) Loan level status reports for other warehouse lines 22) Warehouse agreements 23) Quality Control Plan with last revision date or copy of outsourcing agreement 24) QC Results with management responses

***if completed quarterly provide last two quarters, if completed monthly provide last two months 25) HUD approval letters, agency approval letters, Proof of final MERS Lite approval with company’s MERS

Org ID 26) Copy of Safe Act Policies and Procedures- must be dated 27) Copy of Anti Money Laundering Procedures- must be dated 28) $500 application fee


Complete application with all supporting information and provide to your Account Executive. Your application will then be provided to the warehouse department through DocVelocity. CERTIFICATION I (we) (“Applicant”) hereby certify that all of the statements and information contained herein are true and correct and that all documents, financial statements, reports, and other information pertinent to this application and supplied by me (us) are for the purpose of inducing Flagstar Bank to provide credit. I (we) understand that this application can not be construed as a commitment and that Flagstar Bank is not bound by any of the terms and conditions requested. "By executing this application, Applicant and each of the above named officers do hereby authorize Flagstar Bank to obtain positive identification of information the Applicant provided in this application and to obtain personal credit reports, business reference reports, and any other information that is of concern to Flagstar Bank. Applicant acknowledges that such reports and information will be obtained and used only in connection with Flagstar Bank’s approval of Applicant and evaluation of Applicant’s eligibility to do business with Flagstar Bank and not for any consumer credit or other purpose.

Agreed and Accepted Date

Company Applicant

Signed Applicant- Signature on application must be principal/owner

Print Name/ Title Applicant


FAX AND EMAIL CONSENT FORM The Company named below (“Company”) hereby provides its express written consent and permission (“Consent”) for the receipt of facsimile transmissions and/or email of any materials advertising the commercial availability, terms or quality of any products, goods or services or any other communications from Flagstar Bank. This Consent applies to any facsimile equipment used by or for benefit of the Company, whether the equipment is owned or leased, or whether the telephone number(s) for such equipment change in the future and to any email address used by or for the benefit of the Company. This Consent shall be effective for an unlimited number of facsimile and email transmissions and shall apply for an unlimited period of time. By signing in the space provided below, I am certifying to Flagstar Bank that I am an officer of the Company and I am duly authorized to and hereby consent on behalf of the Company to receive facsimile and email transmissions sent by or on behalf of Flagstar Bank.

Agreed and Accepted Date

Company Applicant




REPRESENTATIONS OF BORROWERS/ GUARANTORS (must be completed by each guarantor) My name is . I am the/a principal for the attached application for (“Company”). I acknowledge that this statement shall become part of said application and shall be attached thereto. I hereby certify that the responses to the following are true and complete. 1. Are there any unsatisfied judgments against you or the company? 2. Have you ever been party to a bankruptcy? 3. Have you had property foreclosed upon or given title or deed in lieu thereof in the past seven (7) years?

4. Are you or the company currently a party to a lawsuit, or have you been within the last five (5) years?

5. Are there any contingent liabilities outstanding for you or the company? 6. Have you ever been convicted of a felony? 7. Have you ever been convicted of any criminal offense (other than Class C Misdemeanor traffic violations)?

8. Have you ever had a state or federal license in your name revoked or suspended, or in a company where you were an officer, director or investor?

9. Do you have direct or indirect interest and/or ownership in any title company, escrow company, closing office or other real estate activities (i.e. appraisal service)?

10. Are you a United States citizen? If a “YES” answer is given to any question other than question 10, please attach a written explanation.

Date




CREDIT AND BACKGROUND AUTHORIZATION (must be completed by each guarantor) To Whom It May Concern: I, acting individually and/or in any representative capacity (applicant), hereby make continuing consent to the following activities being conducted by employees and/or agents of Flagstar Bank ( “Lender”) pursuant to a Credit Application to Lender by Applicant to: request and receive my loan, depository and credit information from anyone including creditors and credit reporting agencies; request and receive loan, depository and credit information regarding any affiliates and/or any business ventures in which I am now or previously associated from anyone including creditors and credit reporting agencies; request and receive background information from my previous employers, law enforcement agencies, state and/or federal agencies, educational institutions and private information bureaus or repositories. I hereby authorize Lender to provide a copy of our application and credit file to its investment advisors and/or credit providers and I hereby consent to Lender's use of a reproduction of my signature for the purpose of obtaining any of the above mentioned items. Pricipals signature (individually) Date

Company Name Social Security #

Home Address Home Phone #


Important Information About Procedures For Opening a New Account

To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Date

APPLICANT (NAME) SPOUSE (NAME) OR CO-APPLICANT

Employer Employer

Address of Employer Address of Employer

Business Phone No. No. of Years with Title / Position Business Phone No. No. of Years with Title / PositionEmployer Employer

Name of previous employer & position (if with current No. of Yrs. Name of previous employer & position (if with current No. of Yrs.employer less than 3 yrs.) employer less than 3 yrs.)

Home Address Home Address

Home Phone No. Social Security Number Date of Birth Home Phone No. Social Security Number Date of Birth

Name, Phone No. of your Accountant Name, Phone No. of your Accountant

Name, Phone No. of your Attorney Name, Phone No. of your Attorney

Name, Phone No. of your Investment Advisor / Broker Name, Phone No. of your Investment Advisor / Broker

Name, Phone No. of your Insurance Advisor Name, Phone No. of your Insurance Advisor

Salary (applicant) Capital Gains

Salary (co-applicant) Partnership Income

Bonuses & Commissions (applicant) Other Investment Income

Bonuses & Commissions (co-applicant) Other Income (List)

Rental Income

Interest Income

Dividend Income

TOTAL INCOME

Any significant changes expected in the next 12 months? No Yes (If yes, attach information)

**Income from alimony, child support, or separate maintenance income need not be revealed if the applicant or co-applicant does not wish to haveit considered as a basis for repaying this obligation.

CONTINGENT LIABILITIES YES NO

Are you a guarantor, co-maker, or endorser for any debt of an individual, corporation, or partnership? $

Do you have any outstanding letter of credit or surety bonds? $

Are there any suits or legal actions pending against you? $

Are you contingently liable on any lease or contract? $

Are any of your tax obligations past due? $

What would be your total estimated tax liability if you were to sell your major assets? $

If yes for any of the above, give details (Also identify if involving only the Applicant, or Spouse, or Joint

1

AMOUNT

ANNUAL INCOME AMOUNT ($) ANNUAL INCOME AMOUNT ($)

Cash Income & Expenditures Statement For Year Ended (Omit Cents)

PERSONAL FINANCIAL STATEMENT AS OF

SUBMITTED TO: FLAGSTAR BANK

PERSONAL INFORMATION

Balance Sheet as of

Cash in this Bank (including money market accounts, CD's)Cash in Other Financial Institutions (List) (including money market accounts, CD's)Readily Marketable Securities (Schedule A)

Non-Readily Marketable Securities (Schedule A)

Accounts and Notes Receivable

Net Cash Surrender Value of Life Insurance(Schedule B)Residential Real Estate (Schedule C)

Real Estate Investments (Schedule C)

Partnerships / PC Interests (Schedule D)

IRA, Keough, Profit-Sharing & Other VestedRetirement AccountsDeferred Income (number of years Deferred )

Personal Property (Including Automobiles)

Other Assets (List) :

TOTAL ASSETS

Notes Payable to this Bank

Secured

Unsecured

Notes Payable to Others (Schedule E)

Secured

Unsecured

Accounts Payable (including credit cards)

Margin Accounts

Notes Due: Partnership (Schedule D)

Taxes Payable

Mortgage Debt (Schedule C)

Life Insurance Loans (Schedule B)

Other Liabilities (List):

TOTAL LIABILITIES

NET WORTH(assets minus liabilities)TOTAL LIABILITIES & NET WORTH(this total should match total assets above)

2

In Whose Name Is Ownership Held?

LIABILITIES

APPLICANTASSETS JOINTSPOUSE / CO-APPLICANT

No. of Shares(Stock) or FaceValue (Bonds) Yes No

LoanPercent Interest MaturityOwned Year Price Rate Date

LoanPercent Interest MaturityOwned Year Price Rate Date

PercentOwned

InterestYes No Rate

3

*If not enough space, attach a separate schedule. If held in a brokerage account, attach statement.

Schedule A - All Securities (including non-money market mutual funds)

Schedule B - InsuranceLife Insurance (use additional sheet if necessary)

NON-READILY MARKETABLE SECURITIES (closely held, thinly traded, or restricted stock)

READILY MARKETABLE SECURITIES (including U. S. Governments and Municipals)*

PLEDGEDDESCRIPTION OWNER(S) WHERE HELD COST

VALUE

CURRENTMARKET

Policy OwnerCash

SurrenderValue

AmountBorrowed

Insurance Company Type of Policy BeneficiaryNamedInsured

FaceAmount of

Policy

Applicant Co-ApplicantDisability InsuranceMonthly Distribution if DisabledNumber of Years Covered

Schedule C - Personal Residence & Real Estate Investments, Mortgage DebtPersonal Residence

Property AddressLegal Owner Purchase Market

Value

PresentLoan

BalanceMonthlyPayment

Lender

Property Address ValueMonthly

Balance Due on

InvestmentLegal Owner

PresentLenderPurchase Market Loan

FinalContribution

Date

Balance Payment

Schedule D - Partnerships**

Type of Investment Date of InitialInvestment

Cost Patnerships:Notes, Cash Call

Current MarketValue

Business / Professional (indicate name):

Investments (including Tax Shelters):

**Note: For investments which represent a material portion of your total assets, please include the relevent financial statements or tax returns, or in the case of partnership investments or S-corporation, schedule K-1's.

Schedule E - Notes PayablePayable To Type of Facility Amount of Line Secured Collateral Maturity Unpaid

Balance

Please Answer The Following Questions:

Yes No

If yes, what year(s)?

Yes No

Yes No

5. Do you pay Alimony / Child Support? Yes No

Yes No

Yes No

Yes No

Yes No

Yes No

Representations and Warranties

The information contained in this statement is provided to induce you to extend or to continue the extension of credit to the undersigned or to othersupon the guarantee of the undersigned. The undersigned acknowledge and understand that you are relying on the information provided herein indeciding to grant or continue credit or to accept a guarantee thereof. Each of the undersigned represents, warrants and certifies that the informationprovided herein is true, correct and complete. Each of the undersigned agrees to notify you immediately and in writing of any change in a nameaddress, or employment and of any material adverse change (1) in any of the information contained in this statement or (2) in the financial condition oany of the undersigned or (3) in the ability of any of the undersigned to perform its (or their) obligations to you. In the adsence of such notice or a newand full written statement, this should be considered as a continuing statement and substantially correct. If the undersigned fail to notify you arequired above, or if any of the information herein should prove to be inaccurate or incomplete in any material respect, you may declare theindebtedness of the undersigned or the indebtedness guaranteed by the undersigned, as the case may be, immediately due and payable. You arauthorized to make all inquiries you deem necessary to verify the accuracy of the information contained herein and to determine the credit-worthiness ofthe undersigned. The undersigned authorize any person or consumer reporting agency to give you any information it may have on the undersigned. Along as any obligation or guarantee of the undersigned to you is outstanding, the undersigned shall supply annually an updated financial statementThis personal financial statement and any other financial statements, reports, or other information provided to you by the undersigned, or that may beattached hereto, whether or not so indicated by the undersigned, are fully incorporated into one another by reference. All information that thundersigned gives you shall be your property

Date Your Signature

Date Co-Applicant's (or Spouse) Signature

4

2. Have (either of) you, or any firm in which you were a major owner, ever declared bankruptcy?

1. Income tax returns filed through (date): Are any returns currently being audited or contested?

If yes, please provide details:

3. Do you have a will?

If yes, please furnish the name of the executor(s) and year will was drawn:

4. Number of dependents (excluding self) and relationship to applicant:

If yes, how much annually?

6. Have you ever had a financial plan prepared for you?

7. Did you include two years federal and state tax returns?

8. Do (either of) you have a line of credit or unused credit facility at any other institution(s)?

If yes, please indicate where, how much, and name of banker:

10. Do you have any other business interest(s)?

If yes, please explain:

9. Do you have a trust?

If yes, in whose name?

Form 4506-T(Rev. January 2012)Department of the Treasury Internal Revenue Service

Request for Transcript of Tax Return Request may be rejected if the form is incomplete or illegible.

OMB No. 1545-1872

Tip. Use Form 4506-T to order a transcript or other return information free of charge. See the product list below. You can quickly request transcripts by using our automated self-help service tools. Please visit us at IRS.gov and click on "Order a Transcript" or call 1-800-908-9946. If you need a copy of your return, use Form 4506, Request for Copy of Tax Return. There is a fee to get a copy of your return.

1a Name shown on tax return. If a joint return, enter the name shown first.

1b First social security number on tax return, individual taxpayer identification number, or employer identification number (see instructions)

2a If a joint return, enter spouse’s name shown on tax return. 2b Second social security number or individual taxpayer identification number if joint tax return

3 Current name, address (including apt., room, or suite no.), city, state, and ZIP code (see instructions)

4 Previous address shown on the last return filed if different from line 3 (see instructions)

5 If the transcript or tax information is to be mailed to a third party (such as a mortgage company), enter the third party’s name, address, and telephone number.

Caution. If the tax transcript is being mailed to a third party, ensure that you have filled in lines 6 through 9 before signing. Sign and date the form once you have filled in these lines. Completing these steps helps to protect your privacy. Once the IRS discloses your IRS transcript to the third party listed on line 5, the IRS has no control over what the third party does with the information. If you would like to limit the third party's authority to disclose your transcript information, you can specify this limitation in your written agreement with the third party.

6 Transcript requested. Enter the tax form number here (1040, 1065, 1120, etc.) and check the appropriate box below. Enter only one tax form number per request.

a Return Transcript, which includes most of the line items of a tax return as filed with the IRS. A tax return transcript does not reflect changes made to the account after the return is processed. Transcripts are only available for the following returns: Form 1040 series, Form 1065, Form 1120, Form 1120A, Form 1120H, Form 1120L, and Form 1120S. Return transcripts are available for the current year and returns processed during the prior 3 processing years. Most requests will be processed within 10 business days . . . . . .

b Account Transcript, which contains information on the financial status of the account, such as payments made on the account, penalty assessments, and adjustments made by you or the IRS after the return was filed. Return information is limited to items such as tax liability and estimated tax payments. Account transcripts are available for most returns. Most requests will be processed within 30 calendar days .

c Record of Account, which provides the most detailed information as it is a combination of the Return Transcript and the Account Transcript. Available for current year and 3 prior tax years. Most requests will be processed within 30 calendar days . . . . . . .

7 Verification of Nonfiling, which is proof from the IRS that you did not file a return for the year. Current year requests are only available after June 15th. There are no availability restrictions on prior year requests. Most requests will be processed within 10 business days . .

8 Form W-2, Form 1099 series, Form 1098 series, or Form 5498 series transcript. The IRS can provide a transcript that includes data from these information returns. State or local information is not included with the Form W-2 information. The IRS may be able to provide this transcript information for up to 10 years. Information for the current year is generally not available until the year after it is filed with the IRS. For example, W-2 information for 2010, filed in 2011, will not be available from the IRS until 2012. If you need W-2 information for retirement purposes, you should contact the Social Security Administration at 1-800-772-1213. Most requests will be processed within 45 days . . .

Caution. If you need a copy of Form W-2 or Form 1099, you should first contact the payer. To get a copy of the Form W-2 or Form 1099 filed with your return, you must use Form 4506 and request a copy of your return, which includes all attachments.

9 Year or period requested. Enter the ending date of the year or period, using the mm/dd/yyyy format. If you are requesting more than four years or periods, you must attach another Form 4506-T. For requests relating to quarterly tax returns, such as Form 941, you must enter each quarter or tax period separately.

Check this box if you have notified the IRS or the IRS has notified you that one of the years for which you are requesting a transcript involved identity theft on your federal tax return . . . . . . . . . . . . . . . . . . . . . . . . . . .

Caution. Do not sign this form unless all applicable lines have been completed.

Signature of taxpayer(s). I declare that I am either the taxpayer whose name is shown on line 1a or 2a, or a person authorized to obtain the tax information requested. If the request applies to a joint return, either husband or wife must sign. If signed by a corporate officer, partner, guardian, tax matters partner, executor, receiver, administrator, trustee, or party other than the taxpayer, I certify that I have the authority to execute Form 4506-T on behalf of the taxpayer. Note. For transcripts being sent to a third party, this form must be received within 120 days of the signature date.

Sign

Here

Phone number of taxpayer on line 1a or 2a

Signature (see instructions) Date

Title (if line 1a above is a corporation, partnership, estate, or trust)

Spouse’s signature Date

For Privacy Act and Paperwork Reduction Act Notice, see page 2. Cat. No. 37667N Form 4506-T (Rev. 1-2012)

Form 4506-T (Rev. 1-2012) Page 2

Section references are to the Internal Revenue Code unless otherwise noted.

What's NewThe IRS has created a page on IRS.gov for information about Form 4506-T at www.irs.gov/form4506. Information about any recent developments affecting Form 4506-T (such as legislation enacted after we released it) will be posted on that page.

General Instructions CAUTION. Do not sign this form unless all applicable lines have been completed.

Purpose of form. Use Form 4506-T to request tax return information. You can also designate (on line 5) a third party to receive the information. Taxpayers using a tax year beginning in one calendar year and ending in the following year (fiscal tax year) must file Form 4506-T to request a return transcript.Note. If you are unsure of which type of transcript you need, request the Record of Account, as it provides the most detailed information.

Tip. Use Form 4506, Request for Copy of Tax Return, to request copies of tax returns.Where to file. Mail or fax Form 4506-T to the address below for the state you lived in, or the state your business was in, when that return was filed. There are two address charts: one for individual transcripts (Form 1040 series and Form W-2) and one for all other transcripts.

If you are requesting more than one transcript or other product and the chart below shows two different addresses, send your request to the address based on the address of your most recent return.Automated transcript request. You can quickly request transcripts by using our automated self-help service tools. Please visit us at IRS.gov and click on “Order a Transcript” or call 1-800-908-9946.

Chart for individual transcripts (Form 1040 series and Form W-2 and Form 1099)

If you filed an

individual return

and lived in:

Mail or fax to the

“Internal Revenue

Service” at:

Alabama, Kentucky, Louisiana, Mississippi, Tennessee, Texas, a foreign country, American Samoa, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, the U.S. Virgin Islands, or A.P.O. or F.P.O. address

RAIVS Team Stop 6716 AUSC Austin, TX 73301 512-460-2272

Alaska, Arizona, Arkansas, California, Colorado, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin, Wyoming

RAIVS Team Stop 37106 Fresno, CA 93888 559-456-5876

Connecticut, Delaware, District of Columbia, Florida, Georgia, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, West Virginia

RAIVS Team Stop 6705 P-6 Kansas City, MO 64999 816-292-6102

Chart for all other transcripts

If you lived in

or your business

was in:

Mail or fax to the

“Internal Revenue

Service” at:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wyoming, a foreign country, or A.P.O. or F.P.O. address

RAIVS Team P.O. Box 9941 Mail Stop 6734 Ogden, UT 84409 801-620-6922

Connecticut, Delaware, District of Columbia, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia, Wisconsin

RAIVS Team P.O. Box 145500 Stop 2800 F Cincinnati, OH 45250 859-669-3592

Line 1b. Enter your employer identification number (EIN) if your request relates to a business return. Otherwise, enter the first social security number (SSN) or your individual taxpayer identification number (ITIN) shown on the return. For example, if you are requesting Form 1040 that includes Schedule C (Form 1040), enter your SSN.Line 3. Enter your current address. If you use a P. O. box, include it on this line.

Line 4. Enter the address shown on the last return filed if different from the address entered on line 3.Note. If the address on lines 3 and 4 are different and you have not changed your address with the IRS, file Form 8822, Change of Address. Line 6. Enter only one tax form number per request.Signature and date. Form 4506-T must be signed and dated by the taxpayer listed on line 1a or 2a. If you completed line 5 requesting the information be sent to a third party, the IRS must receive Form 4506-T within 120 days of the date signed by the taxpayer or it will be rejected. Ensure that all applicable lines are completed before signing.

Individuals. Transcripts of jointly filed tax returns may be furnished to either spouse. Only one signature is required. Sign Form 4506-T exactly as your name appeared on the original return. If you changed your name, also sign your current name.

Corporations. Generally, Form 4506-T can be signed by: (1) an officer having legal authority to bind the corporation, (2) any person designated by the board of directors or other governing body, or (3) any officer or employee on written request by any principal officer and attested to by the secretary or other officer.

Partnerships. Generally, Form 4506-T can be signed by any person who was a member of the partnership during any part of the tax period requested on line 9.

All others. See section 6103(e) if the taxpayer has died, is insolvent, is a dissolved corporation, or if a trustee, guardian, executor, receiver, or administrator is acting for the taxpayer. Documentation. For entities other than individuals, you must attach the authorization document. For example, this could be the letter from the principal officer authorizing an employee of the corporation or the letters testamentary authorizing an individual to act for an estate.

Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to establish your right to gain access to the requested tax information under the Internal Revenue Code. We need this information to properly identify the tax information and respond to your request. You are not required to request any transcript; if you do request a transcript, sections 6103 and 6109 and their regulations require you to provide this information, including your SSN or EIN. If you do not provide this information, we may not be able to process your request. Providing false or fraudulent information may subject you to penalties.

Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation, and cities, states, the District of Columbia, and U.S. commonwealths and possessions for use in administering their tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103.

The time needed to complete and file Form 4506-T will vary depending on individual circumstances. The estimated average time is: Learning about the law or the form, 10 min.; Preparing the form, 12 min.; and Copying, assembling, and sending the form to the IRS, 20 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making Form 4506-T simpler, we would be happy to hear from you. You can write to:

Internal Revenue Service Tax Products Coordinating Committee SE:W:CAR:MP:T:M:S 1111 Constitution Ave. NW, IR-6526 Washington, DC 20224Do not send the form to this address. Instead,

see Where to file on this page.

Application for Mortgage Correspondent/ Warehouse Financing

CORPORATE RESOLUTION

WHEREAS upon notice duly given and at a meeting held pursuant thereto at which a quorum of the Board of Directors were present, the Board of Directors of ________________________ have met on ______________, 20___ and approved that the corporation will obtain a line of credit through Flagstar Bank, FSB. Present were the President, _______________________________and directors, ___________________ Treasurer and ___________________Secretary. On motion duly made, seconded and unanimously carried, the following resolution was adopted. RESOLVED, that ______________________________________ are qualified and acting Officers of the company, they are duly authorized to authorize and execute Legal Documentation on behalf of the Company on this account. Furthermore, ______________________ are duly authorized to endorse notes and execute assignments. They are holding on the date hereof the respective titles set forth opposite their respective names, and the respective signatures set forth opposite their names are their true and genuine signatures:

Name: _________________________________________ President

Signed:__ _______________________________________

Name: _________________________________________ Treasurer

Signed:__ _______________________________________

Name: _________________________________________ Secretary

Signed:__ _______________________________________ I CERTIFY this is a true and correct resolution as adopted by the board of Directors of ______________.

Signed: ______________________________ Secretary

The foregoing instrument was acknowledged before me on ________________ by _________________, the __________________________ of __________________________, a ______________________, on behalf of the ________________________________.

Subscribed and sworn to before me on , 20__ Notary Public, , _____________ My Commission Expires:


Flagstar Warehouse Lending Division FIDELITY & MORTGAGE E&O INSURANCE REQUIREMENTS

***All policies required to be underwritten by Lloyd’s of London or Aspen Specialty

Fidelity Bond

Minimum Coverage’s – Coverage limits as shown below

Required Endorsements: Theft of Warehouse Lender Money & Collateral – naming Flagstar Bank Direct Loss Payee/Right of Action – naming Flagstar Bank Specific Warehouse Lender Loss Payee/ Right of Action - naming Flagstar Bank Definition of Employee Fraudulent Real Property Mortgages Loan Closing Agent Forged Documents Computer Systems Fraud Independent Contractor Endorsement

Mortgagee’s Errors & Omissions/Mortgage Impairment Minimum Coverage’s – Coverage limits as shown below This policy must cover exposures such as:

1) Failure to obtain or maintain fire and extended coverage perils. 2) Failure to obtain or maintain flood insurance. 3) Failure to determine that a property is in a flood zone. 4) Failure to obtain PMI Insurance, FHA Insurance or VA Guaranty as well as follow their instructions in connection with the liquidation of a loan. 5) Failure to pay real estate taxes.

Required Endorsements:

Direct Loss Payee/Right of Action – naming Flagstar Bank Note: For those servicing loans you may need mortgage impairment. Please consult your Flagstar representative. Note: Although it is not required, we do recommend our clients have Professional Liability Errors & Omissions.


INSURANCE COVERAGE REQUIRED

FIDELITY BOND Warehouse Line Size Minimum Coverage Maximum Deductible

(millions) $1—5 $300,000 $15,000 $6—9 $500,000 $50,000

$10—19 $1,000,000 $100,000 $20—29 $1,500,000 $150,000 $30—39 $2,000,000 $200,000 $40—49 $2,500,000 $250,000

$50+ $3,500,000 $300,000

ERRORS & OMISSIONS Warehouse Line Size Minimum Coverage Maximum Deductible

(millions) $1—5 $300,000 $15,000 $6—9 $500,000 $25,000 $10+ $1,000,000 $75,000

Additional Requirements Insurer must include rider that such insurance policies shall in no event be terminated or materially modified without 30 days prior written notice to Flagstar Bank. Flagstar Bank is to be notified if you file a claim with your carrier. Renewals and Policy Expiration Notices: Flagstar Bank customers shall provide Flagstar Bank with written evidence of renewal of such insurance policies on the expiration date of such policies. A binder or certificate of insurance shall be valid proof of insurance. A binder or certificate is only acceptable for a 30 day period. After that time, Flagstar Bank requires a copy of the full policy including all riders/endorsements along with evidence of paid premium. Approved Insurance Carriers: Each insurer must have and maintain at least the following rating by either Standard & Poors (S&P) or A.M. Best Co.:

(a) Policyholder’s rating of “A-“ or better; provided that an insurer with a lesser rating shall be permitted if such insurer presents a reinsurance agreement, containing a direct access clause, with one or more insurers which hold a policyholder’s rating of “A-“ or better. If your insurance provider is unable to write the coverage’s required, please contact us for a referral to an insurance broker that can assist you with our requirements.

***If your insurance provider is unable to write the coverage’s required, please contact us for a referral to an insurance broker that can assist you with our requirements.