CONDITIONS AND ELIGIBILITY NOTICE Heather Carrico 05 02

CONDITIONS AND ELIGIBILITY NOTICE Heather Carrico 05. 02. 19

CONDITIONS AND ELIGIBILITY NOTICE Hit fulfilled and submit What is the loan eligibility notice Uploading Documents All prior to approval conditions are cleared Get the process started The Initial Loan Eligibility Notice How to Upload Documents Updated Conditions Cleared When conditions have not been cleared 2 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

HOW TO FIND YOUR DEEPHAVEN PROCESSOR 1. Click the face icon that is at the top right side of your screen. 2. A pop-up window will appear that will list your Deephaven processor 3 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

LOAN ELIGIBILITY NOTICE • The Loan Eligibility Notice shows the Prior to Approval conditions that the underwriter is requesting. • The Loan Eligibility Notice will be emailed to you by your processor once the loan has been reviewed by a Deephaven underwriter. It can also be found in the portal under the Conditions and Documents tab and it is labeled *Underwriting – Correspondent Loan Purchase Eligibility Notice 4 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

LOAN ELIGIBILITY NOTICE 5 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

HOW TO UPLOAD • In order for your condition to be reviewed and cleared, documents must be submitted to each condition. • It is important to upload documents correctly, to the correct placeholder, and to hit Ready for Review to ensure that everything you have uploaded gets reviewed. 6 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

HOW TO UPLOAD 1. Go to the Loan Summary page and click on the Underwriting Conditions button 7 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

HOW TO UPLOAD 2. To upload documents to a condition you can either Drag & Drop documents or browse and attach the document. 8 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

HOW TO UPLOAD 3. After the document has been uploaded click Ready for Review. 9 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

HOW TO UPLOAD 4. Once you have hit Ready for Review the Status of the condition will change to Fulfilled. 10 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

UPDATED LOAN ELIGIBILITY NOTICE • Once conditions have been uploaded and the Deephaven Underwriter has reviewed the docs you will get a new Eligibility Notice. • See a copy of an Eligibility notice and highlighted is what you will see when documents have been uploaded to a condition but the condition was not cleared. • If the condition has not been cleared you will see the Deephaven underwriter comment. 11 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

12 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

UPDATED CONDITIONS IN THE PORTAL Ø If the condition is not cleared, you will notice the Deephaven underwriter comments in the body of the condition that is found in the portal and the status will still show as Added. 13 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

CLEARED CONDITIONS ON LOAN ELIGIBILITY NOTICE A copy of the eligibility notice is sent out by the processor once the Prior to Approval conditions have been cleared by the Deephaven Underwriter. 14 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

15 15 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

CLEARED CONDITIONS IN THE PORTAL Ø In the portal once all of the Prior to Approval/Closing conditions have been cleared you will see the status has been changed to cleared. 16 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.

WE LOOK FORWARD TO WORKING WITH YOU! Questions or additional training please contact Sales@deephavenmortgage. com? 17 MLS# 958425 Deephaven Mortgage LLC® This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification.