Helpful Hints


LOAN DELIVERY REQUIREMENTS

 

Loans not received for underwriting within 15 days of the lock expiration will automatically be cancelled.

LENDER ID #s


FHA Lender ID: 7950700001
VA Lender ID: 7951870000

 

ADMIN FEE OPTIONS


FWL allows for the option of the Admin Fee to be charged to the borrower OR to build the Admin Fee into the rates / pricing.  Refer to price adjustment grids on the ratesheet for specific pricing adjustments.
 

AUS FINDINGS

 


AUS Findings are required on all loans. FWL accepts both DU and LP (loan must be locked either FNMA or FHLMC based on the AUS used).  DU is accessible is in the TPO Portal.  Fairway is listed in FNMA (DO) or FLMCM (LP) drop down menu as an investor. Findings scored on the web (DO or LP) must be finaled and released to FWL. 
 

WEBCENTER

 


www.fairwaywholesalelending.com - Login with User ID

 □ Loan Registrations and Submissions                             
 □ Rate Locks and Quick Price
 □ Manage and View Pipeline                                                
 □ Upload Documents 
 □ Internal Link to Guidelines and Matrices                           
 □ DU Available
 

CLOSING DEPARTMENT

 


Complete and email the following to your designated CRS at least 3 business days prior to your scheduled closing date: 

  • Closing Fee Worksheet
  • Insured Closing Protection Letter 
     
REQUEST A PAYOFF

To Request a Payoff for a Fairway Serviced loan, email payoff@fairwaymc.com


INTEREST CREDIT

 

  • Conventional Loans – 5th of the month
  • FHA Loans – No interest credit   
HAZARD, CPL & TITLE MORTGAGEE CLAUSE


NEW! Please update your records accordingly, effective immediately Fairway Wholesale Lending is updating the Mortgagee Clause (for both Hazard Insurance and Title Policies) to be used in conjunction with all Fairway transactions –

Fairway Independent Mortgage Corporation
ISAOA/ ATIMA
4201 Marsh Ln.
Carrollton, TX 75007
Loan Number: _____________

 

 

DATES & DEADLINES
12/18/17 Freddie Mac updates from 2017-23 become mandatory
 
01/01/18 URLA Demographic Information Addendum is effective under Home Mortgage Disclosre (Regulation C) final rule
 
02/09/18 Freddie Mac revisions to rental income 2017-12 become effective
 
03/11/18 Daylight Savings Time begins, where applicable set your clocks ahead 1 hour.

 

Lender ID #s

FHA Lender ID: 7950700001
VA Lender ID: 7951870000

MERS Org ID #: 1003924

MORTGAGEE, HAZARD, TITLE

Fairway Independent Mortgage Corporation
ISAOA/ ATIMA
4201 Marsh Ln.
Carrollton, TX 75007
Loan Number: _____________

ASK DESK

ask@fairwaywholesalelending.com
Hours:  8:00am – 5:00pm CST
- Scenarios & UW Guideline Questions
- General website help & Troubleshooting

 

LOCK DESK

ratedesk@fairwaywholesalelending.com
Hours: 8:30am - 6:00pm CST
Phone: 1(877) 743-6798, Opt. 1
Lock Cutoff: 8:00pm CST 

Send requests for
 - lock updates
-  corrections
-  extensions
-  relocks

Fairway Wholesale Lending, a Division of Fairway Independent Mortgage Corporation, NMLS Entity ID #2289
550 Warrenville Rd. Suite #300, Lisle, IL  60532
Direct:  (331) 212-8740
ask@fairwaywholesalelending.com
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