

All post-lock changes are processed by the Lock Desk. All loans must have a registered lock no later than one (1) day prior to delivery. An assigned loan number will be ed back to the sender.
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Registration and Lock Procedures Lock Desk address All loan registrations and/or locks must be completed online at Lock confirmations are validated upon submit ion. Rates are subject to change without notice. Rates and prices are valid until 5:00 p.m. 32* Temporary Interest Rate buy-downs Loans with non-mcc approved DPA programs non-conforming with Fannie Mae, FHA, VA, HUD 184, & USDA guidelines Seasoned Loans: *See MCC Overlay Matrix* Loans rejected by or repurchased from another investor non-conforming with Fannie Mae, FHA, VA, HUD 184, & USDA Borrower Restrictions Borrower types not eligible: Borrowers without Social Security Numbers non-conforming in accordance with Fannie Mae, FHA, VA, HUD 184, & USDA guidelines of 7ĥ Loan Registration and Lock Policies Daily Rates Rate sheets are published and distributed daily via at approximately 9:30 CST. Eligibility Restrictions Property Type Not Eligible : Condominiums (except FHA) Attached PUD s Cooperatives Manufactured Homes non-arm s length transactions non-conforming with Fannie Mae, FHA, VA, HUD 184, & USDA Loan Type not eligible: High Cost Loans *Sec.

212 Wire Transfer Send Wire To: The Bankers Bank Routing Number/ABA: For Credit Of: Triad Bank, National Association Account Number: For Further Credit: Mortgage Clearing Corporation Account Number: Attention: Chris Jones Mortgagee Clause Mortgage Clearing Corporation ISAOA PO Box Tulsa, OK FHA ID VA ID USDA ID Mailing Address Mortgage Clearing Corporation 5612 South Lewis Avenue Tulsa, OK of 7Ĥ Eligible Mortgage Loans Eligible Property Status All loans must be secured by a first lien mortgage on a one-to-two family residential dwelling located in the following states: Oklahoma Arkansas Colorado Kansas Missouri Texas Arizona Clients are responsible for adhering to all federal, state, and local laws and/or regulatory lending guidelines and licensing requirements. CST of 7ģ Doing Business with MCC Correspondent Lending Loan Servicing Faith Crenshaw Ext. 230 Correspondent Liaison John Nolte Funding & Acquisition Manager Ext.242 Loan Registration and Lock Desk Chris Jones Ext. Lewis Avenue Tulsa, OK Ext (Direct) Correspondent Operations Ben Overton Ext. Franks, Correspondent Lending Operations NMLS# S.

MCC is closed on the following holidays: New Year s Day Memorial Day Independence Day Labor Day Thanksgiving Day The Friday after Thanksgiving Christmas Day Correspondent Division Manager Mark W. Correspondent business hours are between 8:30 a.m. Please direct questions to the Correspondent Division associates at their direct numbers and addresses shown below. Product Description of 7Ģ Doing Business with MCC Correspondent Lending General MCC Business Hours and Holiday Schedule Mortgage Clearing is the greatest and I am glad you are our business partner! This provides you general information you will need in order to transact business with Mortgage Clearing s Correspondent Division. Doing Business with MCC Correspondent Lending 2. 1 MCC Correspondent General Guidelines and Procedures Sections 1.
