Resources & Forms
Everything you needKey info for doing business with Commerce TPO.
Commerce TPO Broker Resources
BRANCH Forms
Branch Application Form
Broker Forms
Submission Form - All Programs
- Submission Form – All Programs
- Non-QM Minimum Items to Submit to UW Checklist
- FHA Streamline Checklist
- VA IRRRL Checklist
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
Download a blank Broker Compensation Request Form
Change of Circumstance
Download a blank Change of Circumstance Form
CHM Income Analysis Worksheet
Download a blank CHM Income Analysis Worksheet
Additional Forms
EXHIBIT A - Occupancy Affidavit
Download 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
SSA-Borrowers Authorization
Download a blank 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
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Acts of war, disaster, or other emergency.
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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.
- Could include quality of the borrower
- Loan Amount
- Estimated Value
- Locking of Loan–Important Dates
- New information particular to the borrower or transaction that was not relied on in providing the LE.
- Circumstances particular to the borrower or transaction including boundary disputes, need for flood insurance or environmental problems.
- Discovery of additional documents (such as releases) that must be recorded causing an increase in recording fees.
- If the borrower does not proceed with the terms outlined in the GFE and the GFE expires (fees good through:____).
- Property address turns out to not be the correct, legal address—fees affected by the address can change.
- Parties are added or removed from title or property is moved out of a trust—only fees associated with this can change.
- Property use changes—only fees tied to occupancy may change.
- 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.
- 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.
- A revised LE cannot be issued after a CD has been issued.
Requesting a Lock Extension
Download a blank 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.
- Sign in and enter your Commerce assigned User Name and Password on this site website
- Click “New Loan”
- Upload DU 3.2, Calyx Point, or Encompass file
- Click ‘Order/Reissue Credit’ from the Loan Details page
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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***
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Toggle to the “Conditions &Documents” Tab across the top and under “_LE Request Form”: add file containing
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LE Request Coversheet
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1003 dated preferably within 24 hours
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Itemization of Fees
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Verified Fee Sheet from Escrow & Title Company
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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.
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On conditions and documents page, scroll to bottom and add file under “Loan Submission cover sheet and credit package including Disclosure-Broker Provided.
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Click Submit loan button on left side of screen
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If prompted, you may need to click ‘Submit Loan button’ again at the bottom of the next page.
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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
Download a blank FHA Broker Sponsorship Form
FHA Case Number Request
Download a blank FHA Case Number Request
FHA Streamline Refinance Maximum Mortgage Worksheet
Download a blank 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
Commerce Home Mortgage,
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
Download a 1084 – Cash Flow Analysis
TPO Connect Training Guides
Adding a Loan to TPO Connect
Download Guide Adding a Loan to TPO Connect
eConsent Process
Download Guide eConsent Process
Reissuing Credit in TPO Connect
Download Guide Reissuing Credit in TPO Connect
Running Desktop Underwriter in TPO Connect
Download Guide Running Desktop Underwriter in TPO Connect
Running DU in TPO Connect
Download Guide Running DU in TPO Connect
Selecting a Product in TPO Connect - Alt-Doc
Download Guide Selecting a Product in TPO Connect – Alt-Doc
Selecting a Product in TPO Connect - Community Mortgage
Selecting a Product in TPO Connect - Conventional Agency
Download Guide Selecting a Product in TPO Connect – Conventional Agency
Selecting a Product in TPO Connect - Investor
Download Guide Selecting a Product in TPO Connect – Investor
TPO Connect Tip Sheet
Download Guide TPO Connect Tip Sheet
TPO Connect Tip Sheet for Conventional Agency Loans
Download Guide TPO Connect Tip Sheet for Conventional Agency Loans
Uploading Documents into TPO Connect
Download Guide Uploading Documents into TPO Connect
URLA Training
Download Guide URLA Training
URLA Quick Reference Guide
Download Guide URLA Quick Reference Guide
Viewing Conditions and Adding a Document to a Condition in TPO Connect
Not finding what you are looking for? Email us at [email protected].