Attachment A_Lender Application Packet.pdf

Application Page 1 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Application To apply for approval as an OHCS approved lender, please complete the Application Package and submit with all Attachments and supporting documentation, stacking order is per the Application Checklist. Email the signed and complete package to OHCS.Contracts@hcs.oregon.gov. OHCS will review the application package and verify the information provided.

Questions: Please direct questions are directed to our Single Point of Contact.

Single Point of Contact (SPC): DeAundra Lewelling

725 Summer Street NE Suite B Salem, Oregon 97301-1266

p. 971.720.3214

e. ohcs.contracts@hcs.oregon.gov

Company Information:

Corp LLC Federally Regulated Institution Other:__________________________ HMDA Covered Institution? Yes No Is company listed by the Securities & Exchange Commission?

Yes No

If yes, provide Ticker and Exchange:_____________________________________________________________ Is Applicant or Parent a Bank, Thrift, or Credit Union? Yes No If yes, provide the published information as listed by IDC Financial Publishing Inc.:

Abbreviated Name:___________________________________________________________________________ City, State of Headquarters:____________________________________________________________________ Legal Name:

(As it appears in NMLS)

DBA:

Company Liaison for OHCS: Title:

Liaison Direct Phone: Liaison email:

Federal Tax ID: NMLS ID:

Main Phone: Webpage:

Main Address:

City: State: Zip:

Mailing Address (if different from Main Address):

City: State: Zip:

States Licensed In:

# of Branches: # of Originators:

Oregon Branch & Origination Information: (Oregon Brick and Mortar Branch(es) required) # of Oregon Branches: # of Oregon Originators:

mailto:HCS.Contracts@hcs.oregon.gov mailto:hcs.contracts@hcs.oregon.gov

Application Submission Checklist Page 2 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Parent Company Information: (If applicable) Parent Company Name:

Street Address (required):

City: State: Zip:

% of Parent Ownership:

Affiliated Companies:

Affliated Company Name:

DBA:

Relationship:

Type of Business:

Address:

Webpage:

Phone Number:

Owner:

% of Ownership: Owner email:

Note: In addition to the information above, please complete affiliate questionnaire.

If additional affiliated companies exist, please provide a list in the same format as above.

Supporting Documentation Required Attachments (Follow Application Checklist for order):

1. Formation/Organization (Articles of Incorporation & By‐laws, LLC: Operating Agreement and Articles of Organization, Limited Partnership & LP Agreement, Bank Charter)

2. Oregon Secretary of State registration and associated DBA’s

3. NMLS Licensing information for Main office, Oregon, Oregon Branches and Oregon Originators

Financial Summary:

Time Period Net Income Equity/Net Worth Assets

Fiscal YTD:

FY ending: / /

FY ending: / /

Principle Owners: (list all owners >10%) Principal Officers Name Phone SSN# e-mail Ownership %

Business Owner(s)*

President/CEO*

CFO*

COO*

CTO*

EVP*

Other* *Indicates Resume Required

Key Managers:

Manager of Key Functions Name Phone SSN# e-mail Ownership %

Application Submission Checklist Page 3 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Secondary*

Production*

Underwriting*

Servicing

Quality Control

Legal/Compliance

Investor Delivery

Trailing Documents

Web Administrator

Appraisal Manager *Indicates Resume Required

Agency/Investor Approvals:

Agency Approval

Date ID# Delegated(Y/N) Contact Phone# Email %Delivered

Fannie Mae

Freddie Mac

Ginnie Mae

FHA

PIH

RHS

VA

Attach Agency Approval letters, if approved by FNMA, FHLMC, FHA, VA, USDA, PIH and/or GNMA and Investor scorecards ‐ (For all investors/lenders dated within 90 days.) Note: Scorecards submitted should represent at least 70% of total production.

Originations:

Identify top state licenses & % of Total Originations for each state

State: % State: % State: % State: %

Application Submission Checklist Page 4 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Originations by type:

YTD

Units Volume %

Retail

TPO

Annual Originations:

YTD 2020 2021

Units Volume % Units Volume % Units Volume % Conforming Agency Jumbo

FHA

Section 184

USDA

VA

203K Jumbo Other: Non-QM Other: Commercial

Total:

Mortgage Insurance Relationships: (Attach Delegation Letters)

Company Name Delegated (Y/N) Master Policy Contact Name Phone# Email

Provider Information:

Software & Systems

Loan Origination Software (LOS) Provider:

Product & Pricing Engine (PPE) Provider:

Hedge Firm:

Compliance Engine Vendor:

MERS ID (Required):

Vendor Management

Vendor Company Name Contact Phone# Email

Appraisal Management

Application Submission Checklist Page 5 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Include AMC Agreement if applicable

Flood Certification

Credit Repository

Tax Transcript Provider

QC Software Provider

QC Outsource Provider Include QC Outsource contract if applicable

Other

Warehouse Lines of Credit:

Do you fund from your own resources to close loans in your name? Yes No Do you have a warehouse line of credit to close loans in your name? Yes No

Warehouse Lender Name Line Amount Expiration Date Eligible Loans

Attach verification form, approval letter complete with line amount and covenants and bailee letter for each warehouse line.

Repurchases & Indemnifications:

Repurchases & Indemnifications In the past 12mos.

#Loans UPB$ Settlement$/Expected

Settlement$

Repurchases:

Indemnifications:

Outstanding Repurchases:

Booked Loans (non-saleable or severely impaired)

Age of oldest outstanding repurchase:

Note: Please provide a letter of explanation for repurchase including reason and origination date or demand letter from investor.

Insurance & Bonding Vendor Deductible Coverage Policy# Renewal

Date

Errors & Omissions

Fidelity Bond

Note: Please provide copies.

Application Submission Checklist Page 6 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Disclosures:

With respect to the Applicant, its parent(s), officers, senior management, directors, partners or owners: List any claims and/or litigation in process, convictions (excluding traffic violations), judgments, investigations or supervisory action by a regulator, agency, or any other entity, and any other contingent liabilities not shown in the financial statements. Include the present status and opinion of probable liability.

If any is YES to any of these questions, submit written documentation for the original finding and response or a letter of explanation.

Suspensions: Has the company ever been suspended from selling or servicing mortgages by any Investors? Yes No

Fraud/Misrepresentation: Has the company and/or principles or corporate officers been named as a defendant in a lawsuit or alleged fraud or misrepresentation?

Yes No

Litigation: Has the company ever been involved in, or is the company currently involved in any litigation? Yes No

Is your institution the defendant in any class action suit? Yes No Bankruptcy: Has the company and/or principles or corporate officers filed for protection from creditors under provision of the bankruptcy laws within the past seven years?

Yes No

Disciplinary Action: Has the company and/or principles or corporate officers ever had a real estate or other professional license suspended, revoked or received any other disciplinary action for a regulatory agency?

Yes No

Crimes: Have any of the principles and/or any named person on this application (employed by the company) ever been convicted of a crime, or are named as a defendant in any current criminal proceeding?

Yes No

Regulatory Supervision: Has the company ever entered into a supervisory agreement with any regulatory agency? Yes No

Hold Harmless & Repurchase: Has any lender enforced, or attempted to enforce, the Hold Harmless or Repurchase clause with the company and/or any principals or officers?

Yes No

Unfavorable Findings: Has the company had any unfavorable finding with regard to mortgage operations, activities including but not limited to any audit, examination, or report by Fannie Mae, Freddie Mac, HUD, VA, GNMA, OTS, FHLB or any other Federal or State regulatory/investigatory agency?

Yes No

Capital Requirements: Does the company comply with the capital requirements of each state and federal regulatory agency with jurisdiction over your lending practices?

Yes No

Does your company comply and conform to Fannie Mae or Freddie Mac Responsible Lending and Anti Predatory Lending guidelines? Yes No

Quality Control: Does the company comply and conform to Fannie Mae or Freddie Mac quality control guidelines? Yes No

Appraiser Independence: Does the company comply with Appraiser Independence requirements f/k/a HVCC? Yes No

Patriot Act: Does the company comply with the Patriot Act? Yes No Data Safety: Does the company comply with the Gramm‐ Leach‐ Bliley Act? Yes No Excluded Individuals: Does the company have procedures for checking all employees against the U.S. General Services Administration (GSA) Excluded Party List, HUD Limited Denial of Participation List (LDP List), or any other required government or public excluded party list?

Yes No

Note: OHCS may make reference inquiries and may, at its sole expense, order independent background investigations on the applicant and/or principal officers and may submit the company name and the name of

Application Submission Checklist Page 7 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020 any employee of the company for screening through databases by Mortgage Asset Research Institute (MARI) including the Mortgage Industry Data Exchange (MIDEX). Execution of this application certifies full compliance with the regulatory requirements of the Bank Secrecy Act (BSA), Anti Money Laundering (AML) and Office of Foreign Assets Control (OFAC).

Certification:

We are providing the information set forth in this Application to induce you to approve us to sell closed residential mortgage loans to OHCS. We acknowledge and understand that you will rely on the information set forth in this Application and we represent, warrant and certify that the information set forth in this Application is true, correct and complete. By executing this Application, we authorize you, both before and after you approve our application, to make all inquiries, obtain all information and make all disclosures you deem necessary or advisable to verify the accuracy of the information contained in this Application; discuss with third parties our credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, mode of living, job performance and other job‐related information; and obtain consumer reports, credit reports, business reference reports, criminal background checks, banking information and other reports concerning such topics related to mortgage lending activities as you deem necessary or advisable. We authorize any person or entity, including, without limitation, any consumer reporting agency, law enforcement agency, regulatory agency or financial institution, to give you any information it may have on us, and we authorize you to make all disclosures you deem necessary or desirable to such person and entities concerning your experience with us. Finally, we authorize you to answer questions about your experience with us and to release to others any information that we provide to you or that you separately obtain. As long as a Loan Purchase Agreement remains in force between us and OHCS we will upon request provide you with an updated Prospect Application. This Prospect Application and any other financial or other information that we give you or that you obtain as part of this process or our relationship is your property, and we authorize you to share such credit and other information with any of your affiliates.

Lending Application:

The undersigned and the Applicant each agree to update the information provided to OHCS in connection with this application in the event that any material information provided to OHCS changes in any respect.

Information and reports authorized above may be obtained on the business and on the owners and officers who sign this form. The Applicant agrees to indemnify and hold OHCS harmless from and against any and all liabilities, damages, costs and claims resulting directly or indirectly from OHCS’s reliance upon, use of or verification of all such information submitted in connection with this application. For the purpose of becoming an approved lender with OHCS, I (we) certify the above information to be true and correct. The undersigned declares that the foregoing information and all accompanying information are true to the best of their knowledge and belief. OHCS is hereby authorized to obtain verification of information from any source (including character and credit references). The undersigned hereby transfers and grants the right to use all information herein and all accompanying information to OHCS and its agents. All pages of this application including supplements and other information that is provided to OHCS are considered a part of this application, and therefore subject to this agreement.

Legal Name of Applicant

Typed Name and Title of Authorized Officer

Signature of Authorized Officer

Application Submission Checklist Page 8 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Attachments Application must contain each of the following elements, all elements must be complete with original signatures. Application submission must be compiled/stacked in the order on the Application Submission Checklist:

• Cover Page^ - Attachment “A”

• Application Submission Checklist^

• Application^*

• Corporate Resolution (corporate seal or notarized)^*

• Authorization form signed by Officer of the Organization and all owners with 10% or more ownership.^*

• Limited Irrevocable Power of Attorney^*

• Application Certification^*

• Tax Affidavit*^

• Bank Secrecy Act/Anti‐Money Laundering Certification^*

• Web Administrator Form & Exhibit(s) A^*

• W‐9 Request for Taxpayer Identification Number and Certification*

• http://www.irs.gov/pub/irs‐pdf/fw9.pdf

• Organization Information:

▪ Formation/Organization (Articles of Incorporation & By‐laws, LLC: Operating

Agreement and Articles of Organization, Limited Partnership & LP Agreement, Bank Charter)

▪ Personnel - Resumes for Key Personnel. (Owners with >10% ownership interest as well as managers and/or key personnel involved in daily mortgage operations, including: President, Principals, Operations, Underwriting, CFO, CEO, Sales Manager, Secondary Marketing.

▪ Organizational Chart

▪ Financial Statements – Previous two years audited financial statements and most recent quarterly, unaudited financial statements.

(Financial Statements not required for Federally Regulated Financial institutions.)

• Branches/Loan Officers:

▪ Branches - Provide a list of all Oregon branches and branches who wish to do business in Oregon complete with Branch Name, Branch Address, Branch web address, Phone Number.

▪ Loan Officers - Provide a list of all Loan Officers who will be authorized by the company to originate loans with the department complete with Name, Branch Location, Branch Address, Direct Phone Number, Webpage, Email Address, NMLS-ID.

http://www.irs.gov/pub/irs‐pdf/fw9.pdf

Application Submission Checklist Page 9 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

• Licensing: Organization and loan officers must be licensed and approved to conduct business in the state of Oregon.

▪ Corporate office

▪ Oregon office(s) and all offices originating loans in the state of Oregon

▪ NMLS licenses for all loan officers who wish to originate mortgages with the department. Include NMLS ID, Address, Name, Phone, Email Address.

▪ Business Registry - Provide current Business Registry information from Oregon Secretary of State website for company and associated DBA’s

• Approvals/Delegation:

▪ Agency Approval letters, if approved by FNMA, FHLMC, FHA, VA, USDA, PIH and/or GNMA

▪ Investor scorecards ‐ (For all investors/lenders dated within 90 days.)

• Note: Scorecards submitted should represent at least 70% of total production.

▪ Mortgage Insurance Company Delegation Letters

▪ HFA’s - Provide a list of HFA’s with which you have a relationship, including address, webpage, contact name, phone number and email.

▪ Underwriting Staff Information: Resumes including certifications and ID#’s

(DE, LAPP/SAR, etc.)

▪ References for 3 Lenders, 1 Warehouse Line, 1 HFA (Reference Forms)

• Appraisals:

▪ Appraisal Attestation Form^*

▪ AMC Agreement, if applicable

• Policies and Procedures:

▪ Quality Control Policy & Procedures (Pre-Funding & Post Closing)

▪ Quality Control Reports ‐ Most recent two months Post Closing Quality

Control Audit Summary report with Management’s Response to Finding, dated within 120 days of origination.

▪ Consumer Complaint tracking policy and procedures.

▪ Post‐Closing Quality Control outsource contract (if applicable)

▪ Compliance Findings - Document material compliance findings with any

Federal, State, regulatory agencies (including the CFPB) in the past five (5) years.

• Warehouse line(s):

▪ Warehouse Line of Credit Verification Form (One for each warehouse line) ^*

▪ Provide current approval letter from all warehouselines detailing credit line amount and covenants.

▪ Bailee Letter ‐ Sample copy of Bailee Letter for each warehouse lender or

Self‐funding letter as applicable. (Letter used to communicate wiring instructions and release security interest in loans purchased).

Application Submission Checklist Page 10 of 10

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

• Insurance & Bonding: Provide copies of all E&O and Fidelity Bond coverage.

▪ Note: Investor losses must be covered in the amount of at least $300,000 and deductible cannot exceed the lesser of 5% of the face amount of the policy or $100,000.

• Disclosures :

▪ Legal Action - List any claims and/or litigation in process, convictions

(excluding traffic violations), judgments, investigations or supervisory action by a regulator, agency, or any other entity, and any other contingent liabilities not shown in the financial statements. Include the present status and opinion of probable liability.

▪ Repurchases & Indemnifications - Please provide a letter of explanation for repurchase including reason and origination date or demand letter from investor for all repurchases and indemnifications.

▪ Conflicts of Interest - Identify any conflict of interest that may arise as a result of business activities or ventures by your firm and associates of your firm, employees, or subcontractors as a result of any individuals’ status as a member of the board of directors of any organization likely to interact with OHCS.

▪ Affiliate Questionnaire(s)

• Affidavit of Trade Secret - If Applicant believes any of its Application is exempt from disclosure under Oregon Public Records Law (ORS 192.410 through 192.505), Applicant shall complete and submit the Affidavit of Trade Secret and a fully redacted version of its Application, clearly identified as the redacted version.^*

(^) Indicates document(s) provided by OHCS, other documents must be supplied by the applicant.

(*) Indicates documents containing original signatures needed. Electronic signatures are acceptable. E-mail original complete documents to:

Oregon Housing & Community Services

RFA #7385

Attn: Single Point of Contact (SPC) DeAundra Lewelling 725 Summer Street NE Suite B Salem, Oregon 97301 OHCS.Contracts@hcs.oregon.gov

Lender Application, Cover Page – Attachment A Page 1 of 1

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Cover Page

Lender Application

RFA# 7385

Request for Applications (“RFA”)

Date:

Applicant Info: [Company Name]

[Address] [Website] [Phone]

Applicant Contact: [Name] [e-mail]

[phone]

OHCS Single Point of Contact (SPC): DeAundra Lewelling 725 Summer Street NE Suite B Salem, Oregon 97310

The State of Oregon promotes equal opportunity for all individuals without regard to age, color, disability, marital status, national origin, race, religion or creed, sex or gender, sexual orientation, or veteran status.

Lender Application, Checklist – Attachment B OHCS Mortgage Lending Program Page 1 of 3

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Application Submission Checklist

To apply for approval as an OHCS approved lender, please complete the Application Package and email the completed package to OHCS.Contracts@hcs.oregon.gov will review the application package and verify the information provided.

Questions: Please direct questions are directed to our Single Point of Contact.

Single Point of Contact (SPC): DeAundra Lewelling 725 Summer Street NE Suite B Salem, Oregon 97301-1266

Checklist The following information must be included with the application package in the following order:

Cover Page^ - Attachment A Application Submission Checklist^ - Attachment B (this document) Application^* Forms:

o Corporate Resolution – need corporate seal or notarized^* - Attachment C o Authorization Form signed by Officer of the Company and all owners with 10% or more ownership^* - Attachment D o Limited Irrevocable Power of Attorney^* - Attachment E o Application Certification^* - Attachment F o Bank Secrecy Act/Anti‐Money Laundering Certification^* - Attachment G o Web Administrator Form(s)^* - Attachment H o W‐9 Request for Taxpayer Identification Number and Certification* - Attachment I

▪ https://www.irs.gov/pub/irs-pdf/fw9.pdf o Affiliate Questionnaire(s) if applicable^ - Attachment J

Organization Information:

o Formation/Organization (Articles of Incorporation & By‐laws, LLC: Operating

Agreement and Articles of Organization, Limited Partnership & LP Agreement, Bank Charter).

o Personnel - Resumes for Key Personnel. (Owners with >10% ownership interest as well as managers and/or key personnel involved in daily mortgage operations, including:

https://www.irs.gov/pub/irs-pdf/fw9.pdf

OHCS Mortgage Lending Program

Mortgage Lending Program Page 2 of 3

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

President, Principals, Operations, Underwriting, CFO, CEO, Sales Manager, Secondary Marketing.

o Organizational Chart o Financial Statements – Previous two years audited financial statements and most recent quarterly, unaudited financial statements. Financial Statements not required for Federally Regulated Financial institutions

Branches/Loan Officers:

o Branches - Provide a list of all Oregon branches and branches who wish to do business in Oregon complete with Branch Name, Branch Address, Branch web address, Phone Number.

o Loan Officers - Provide a list of all Loan Officers who will be authorized by the company to originate loans with the department complete with Name, Branch Location, Branch Address, Direct Phone Number, Webpage, Email Address, NMLS-ID.

Licensing: Organization and loan officers must be licensed and approved to conduct business in the state of Oregon.

o Corporate office o Oregon office(s) and all offices originating loans in the state of Oregon o NMLS licenses for all loan officers who wish to originate mortgages with the department. Include NMLS ID, Address, Name, Phone, Email Address.

o Business Registry - Provide current Business Registry information from Oregon

Secretary of State website for company and associated DBA’s Approvals/Delegation:

o Agency Approval letters, if approved by FNMA, FHLMC, FHA, VA, USDA or GNMA o Investor scorecards ‐ (For all investors/lenders dated within 90 days.)

Note: Scorecards submitted should represent at least 70% of total production.

o Mortgage Insurance Company Delegation Letters o HFA’s - Provide a list of HFA’s with which you have a relationship, including address, webpage, contact name, phone number and email.

o Underwriting Staff Information: Resumes including certifications and ID#’s (DE, LAPP/SAR, etc.)

o References for 3 Lenders, 1 Warehouse Line, 1 HFA (Reference Forms)^ - Attachment K

Appraisals:

o Appraisal Attestation Form^* - Attachment L o AMC Agreement, if applicable

Compliance & Quality Control (QC) o QC Policy & Procedures (Pre Funding & Post Closing) o QC Reports ‐ Most recent two months Post Closing QC Audit Summary report with

Management’s Response to Finding, dated within 120 days of origination.

o Post‐Closing QC outsource contract (if applicable) o Compliance Findings - Document material compliance findings with any Federal, State, regulatory agencies (including the CFPB) in the past five (5) years.

Warehouseline(s):

o Warehouse Line of Credit Verification Form (One for each warehouse line)^* - Attachment M o Provide current approval letter from all warehouse lines detailing credit line amount and covenants.

OHCS Mortgage Lending Program

Mortgage Lending Program Page 3 of 3

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020 o Bailee Letter ‐ Sample copy of Bailee Letter for each warehouse lender or Self‐funding letter* as applicable. (Letter used to communicate wiring instructions and release security interest in loans purchased).

Insurance & Bonding: Provide copies of all E&O and Fidelity Bond coverage.

o Note: Investor losses must be covered in the amount of at least $300,000 and deductible cannot exceed the lesser of 5% of the face amount of the policy or $100,000

Disclosures :

o Legal Action - List any claims and/or litigation in process, convictions (excluding traffic violations), judgments, investigations or supervisory action by a regulator, agency, or any other entity, and any other contingent liabilities not shown in the financial statements.

Include the present status and opinion of probable liability.

o Repurchases & Indemnifications - Please provide a letter of explanation for repurchase including reason and origination date or demand letter from investor for all repurchases and indemnifications.

o Conflicts of Interest - Identify any conflict of interest that may arise as a result of business activities or ventures by your firm and associates of your firm, employees, or subcontractors as a result of any individuals’ status as a member of the board of directors of any organization likely to interact with OHCS.

o Affiliate Questionnaire(s)^* Affidavit of Trade Secret - If Applicant believes any of its application is exempt from disclosure under

Oregon Public Records Law (ORS 192.410 through 192.505), Applicant shall complete and submit the Affidavit of Trade Secret and a fully redacted version of its application, clearly identified as the redacted version.^*

(^) Indicates documents provided by OHCS, other documents must be supplied by the applicant.

(*) Indicates documents containing original signatures needed. Electronic signatures are acceptable. E-mail complete documents to:

Oregon Housing & Community Services

RFA #7385

Attn: Single Point of Contact (SPC) DeAundra Lewelling 725 Summer Street NE Suite B Salem, Oregon 97301-1266 OHCS.Contracts@hcs.oregon.gov

Lender Application, Corporate Resolution – Attachment C

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Corporate Resolution

Corporate Resolution of: ________________________________________________________________

(Name of Organization)

RESOLVED, that the President, any Executive Vice President, Senior Vice President, Vice President and any other person designated by the President in writing and delivered to the Secretary, (LIST ALL APPLICABLE TITLES TO BE GIVEN AUTHORITY) of this corporation, or any one or more of them, be and each of them is, authorized and empowered in the name of and on behalf of this corporation and under its corporate seal, from time to time while these resolutions are in effect, to originate and sell mortgage loans to OHCS and to execute any and all agreements, documents and to furnish any information required or deemed necessary or proper by OHCS in connection with the foregoing.

Certification

I HEREBY CERTIFY that the foregoing is a true and correct copy of a resolution presented to and adopted by the Board of Directors of ________________________________________ on the __________ day of ___________________, ________ at which a quorum was present and voted, that such resolution is duly recorded in the minutes of book of this corporation and that such resolution remains in full force and effect as of the date hereof. I further certify that the following persons were duly elected or designated and are present incumbents of the respective offices set out after their names as of the date hereof:

(LIST ALL OFFICERS AND DESIGNEEES WITH AUTHORITY UNDEER THE FOREGOING RESOLUTION)

President

Executive Vice President

Senior Vice President

Vice President

Vice President

Presidential Designee

Presidential Designee

IN WITNESS WHEREOF, I set my hand and affix the seal of said corporation as of the _________ day of

(Corporate Seal) _______________________________________

Print Name

Signature of Secretary

Signature must be notarized if Applicant does not have a Corporate Seal

Lender Application, Authorization Form – Attachment D Page 1 of 2

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Authorization Form **Required to be executed by all owners with 10% or more ownership.**

PLEASE COMPLETE THE INFORMATION BELOW AND CERTIFY THE FOLLOWING:

I certify that I am duly authorized to complete this application and grant consent on behalf of the firm named herein for the purposes of establishing and maintaining a business relationship with OHCS. I certify all information contained in this application is true and correct in all respects. By signing below, I hereby give OHCS authorization to obtain and/or verify information, including a credit report for the company and all executive officers and/or owners from any source during this application process and once annually thereafter. The Department is also authorized to submit the name of the company and all employees of the company at any time for screening through any/all mortgage industry background database. The undersigned hereby releases, discharges and exonerates any person or entity providing information to the Department in connection with this application and any recipient of such information, including the Department or its representatives, from any and all liability of every nature and kind arising from or in connection with the furnishing, receipt, and review of such information.

Company Name:

Address:

Address Continued:

Tax ID:

Name (First & Last)

SSN

Title

DOB(XX/XX/XXXX)

Phone Number % Ownership

Residence Address

City State

Zip Signature

Zip

Authorization Form

Lender Application, Authorization Form – Attachment D Page 2 of 2

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Zip

Zip

Zip

Zip

Lender Application - Limited Irrevocable Power of Attorney – Attachment E Page 1 of 1

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Limited Irrevocable Power of Attorney

_____________________________________________(“Seller”) has sold or intents to sell certain one or more loans to OHCS (“Purchaser”) pursuant to that certain Loan Purchase Agreement dated________________ (“Agreement”).

Capitalized terms not otherwise defined shall have the meaning set forth in the Agreement.

Now, therefore, Seller does hereby irrevocably makes, constitutes, and appoints Purchase, and all of its officers and such employees as any of OHCS managers may designate from time to time, the true and lawful attorney-in-fact of Seller and Seller’s name, place and stead for the following limited purposes:

1. To execute, acknowledge, record and deliver to Purchaser any assignment of Mortgage or other document necessary to complete, correct or transfer to, or vest in Purchaser or to protect the right, title and interest of Purchaser in and to those Loans;

2. To sign, endorse, receive and apply the proceeds of any checks or other instruments (made payable to the seller) received as payment with respect to the Loans after each related purchase;

3. To notify the Mortgagors’ insurers of the assignments of such Loans to Purchaser, and to request that all the loss payee designations be changed to Purchaser in the event of default by such Mortgagor;

and

4. To correct errors, where necessary, in documents for such Loans to ensure the proper perfection of Purchaser’s liens and security interests relating to such Loans.

This Limited Power of Attorney is coupled with an interest and is not revocable.

Seller grants to Purchaser as its attorney-in-fact full authority to act in any manner both proper and necessary to exercise the foregoing powers, and ratifies every act that Purchase may lawfully perform in exercising powers by virtue thereof.

IN WITNESS WHEREOF, Seller has executed this Limited Irrevocable Power of Attorney This ______ day of __________________, 202_.

Seller:

Name:

Title:

STATE OF

COUNTY OF

On this, the ______ day of __________________, 202_, the foregoing instrument was acknowledged before me, a notary public in and for the State of _______________________________________, by ________________________________________, personally known to me, by me duly sworn, did say he/she is the _____________________________ of ________________________________________.

Notary Public My Commission Expires:__________________ SEAL

Lender Application, Application Certification – Attachment F Page 1 of 2

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

APPLICATION CERTIFICATION

Applicant understands and accepts the requirements of this RFA. By application submission, applicant agrees to be bound by the Mortgage Loan Purchase Agreement terms and conditions in Attachment B.

Applicant acknowledges receipt of any and all Addenda to this RFA.

If application is approved, applicant agrees to perform the work in the Mortgage Loan Purchase Agreement and follow all standards set forth in the Program Documents.

Under penalty of perjury, applicant certifies that applicant is aware of and complies with the requirements found in OAR 125-246-0330. Upon request of Agency, applicant shall provide supporting documentation.

Applicant does not discriminate in its employment practices with regard to race, creed, age, religious affiliation, sex, disability, sexual orientation or national origin. Nor has Applicant or will Applicant discriminate against a subcontractor in the awarding of a subcontract because the subcontractor is:

a minority, women or emerging small business enterprise certified under ORS 200.055, or a business enterprise that is owned or controlled by or that employs a disabled veteran, as defined in ORS 408.225

Applicant and its employees and agents are not included on the list titled “Specially Designated Nationals and Blocked Persons” maintained by the Office of Foreign Assets Control of the United States Department of the Treasury and currently found at:

https://www.treasury.gov/ofac/downloads/sdnlist.pdf

Applicant certifies that, to the best of its knowledge, there exists no actual or potential conflict between the business or economic interests of Applicant, its employees, or its agents, on the one hand, and the business or economic interests of the State, on the other hand, arising out of, or relating in any way to, the subject matter of the RFA. Applicant shall provide prompt written notification to the State of any change occurring with respect to Applicant’s business or interests which is reasonably likely to result in (or has resulted in) an actual or potential conflict between the business or economic interests of the Applicant and those of the State, arising out of, or relating in any way to, the subject matter of the RFA.

In its notice, Applicant will describe the nature of such actual or potential conflict of interest or remuneration in question in reasonable detail.

https://www.treasury.gov/ofac/downloads/sdnlist.pdf

Lender Application, Application Certification – Attachment F Page 2 of 2

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Applicant certifies that all contents of the Application (including any other forms or documentation, if required under this RFA) and this Application Certification Sheet, are truthful and accurate and have been prepared independently from all other Applicants, and without collusion, fraud, or other dishonesty.

Applicant understands that any statement or representation it makes, in response to this RFA, if determined to be false or fraudulent, a misrepresentation, or inaccurate because of the omission of material information could result in a "claim" {as defined by the Oregon False Claims Act, ORS 180.750(1)}, made under Application being a "false claim" {ORS 180.750(2)} subject to the Oregon False Claims Act, ORS 180.750 to 180.785, and to any liabilities or penalties associated with the making of a false claim under that Act.

Applicant acknowledges these certifications are in addition to any certifications required in the Application at the time of execution.

Authorized Signature Date

(Print Name and Title)

Lender Application, Bank Secrecy Act/Anti‐Money Laundering Certification – Attachment G Page 1 of 1

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

CERTIFICATION

BANK SECRECY ACT/ANTI-MONEY LAUNDERING

_________________________________________ (“Company”) certifies to OHCS that the Company understands its legal obligations under the Bank Secrecy Act and has adopted an Anti-Money Laundering Program that meets its obligations as outlined below and in the regulations:

1. The Company’s governing body has approved and adopted an Anti-Money Laundering Program as required by 31 CFR Parts 1010 and 1029. The Anti-Money Laundering Program:

a. Includes and implements effective policies, procedures, and internal controls;

b. Designates a qualified security/compliance officer;

c. Requires initial and ongoing training for all employees; and

d. Includes an independent procedure for audits of the effectiveness and compliance of the Program.

2. The Company has implemented a program or procedures to verify each customer’s identity and maintain the records used to verify the customer’s identity in compliance with the Bank Secrecy Act laws and implementing regulations.

3. The Company is committed to complying with these requirements and has instructed employees that it is mandatory to adhere to these standards to prevent the use of the Company and/or its products and services for money laundering or illegal purposes.

4. Upon request, the Company will make any information and/or records required under the Bank Secrecy Act and implementing regulations available to OHCS, including the Company’s Anti-Money Laundering Program and supporting documentation, Anti-Money Laundering training materials and training records, and release of information as allowed by state and federal regulators.

By signing below, I hereby certify that I have the authority to sign on behalf of the Company and certify that the Company has met and will continue to meet all of the responsibilities and obligations detailed above.

Authorized Signature for Company Date

Printed Name

Lender Application, Web Administrator Access Agreement – Attachment H Page 1 of 1

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Web Administrator Form

This Web Administrator Agreement (“Agreement”) is entered into by ________________________________________ (“Company”) and OHCS. By its signature below, Company hereby agrees with the following requirements with respect to Company’s employees and officers (the “Administrator Parties”) that have or will have or that it anticipates having access to any of OHCS’s systems or data, which would be required to perform certain services (“Deliverables”):

A. Company shall not permit any Administrator Party to have access to any OHCS system or data, which is not related to the

Deliverables being performed or provided;

B. Company shall ensure all Administrator Parties have the appropriate access level within OHCS’s systems or data;

C. By granting access to any Administrator Party, Company certifies that any Administrator Party working with OHCS data has undergone a background check, and that no adverse findings arose in such check.;

D. Company shall not allow, to the best of its ability, any individual Administrator Party to be involved in any way in any performance or provision of any Deliverables if such Administrator Party: (i) has been convicted of a crime or has agreed to or entered into a pretrial diversion or similar program in connection with (A) a dishonest act or a breach of trust, as stipulated Regulation H Part 1008 of the S.A.F.E. Mortgage Licensing Act;

E. Prior to any Administrator Party utilizing OHCS’s systems, Company shall ensure that all Administrator Parties are all bound by the same or more restrictive confidentiality provisions as those contained in this Agreement;

F. Company represents and warrants that Company has, and will continue to have for so long as it has access to Nonpublic Personal Information (as defined by 15 U.S. Code §6809) or confidential information, adequate administrative, technical, and physical safeguards (i) to ensure the security and confidentiality of customer records and information; (ii) to protect against any anticipated threats or hazards to the security or integrity of such records; and (iii) to protect against unauthorized access to or use of such records or information which could result in substantial harm or inconvenience to any customer;

G. Company shall immediately restrict and/or terminate access of Administrator Party to OHCS system or data, due to a role change, or termination, whereby the Administrator Party will no longer perform or provide Deliverables to OHCS.

H. Set forth in Exhibit A, attached hereto, is a list of the only authorized Web Administrators for Company.

I. If a listed Web Administrator in Exhibit A, is no longer employed by Company, the remaining Web Administrator(s) must immediately remove such employee’s access.

J. If a listed Web Administrator in Exhibit A must be removed, which leaves only one remaining Web Administrator(s), such Web Administrator must immediately appoint a new Web Administrator so that Company has two Web Administrators at all times.

Authorized Signature (Officer named on Corporate Resolution) Date

Printed Name

Lender Application, Web Administrator Form – Attachment H (Exhibit A)

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Web Administrator

Exhibit A

Date:________________________

Company Name:__________________________________________________________________

Please identify the Web Administrators for your company. If additional Web Administrators are required, please submit additional forms. The Web Administrator will be responsible for managing web user authorization to set up and authorize additional employees for various access levels for access to OHCS services. In addition, the Web Administrators will have the highest level of security access to the site for only loans associated to the Company. At least two Web Administrators should be identified in order to establish your Web access.

Web Administrator:

Email Address:

Telephone:

Fax:

Web Administrator:

Email Address:

Telephone:

Fax:

The Company named above is fully responsible for all reservations made by Web Administrators and those authorized by Web Administrators.

certify that the Company acknowledges all of the responsibilities and obligations detailed above.

Authorized Signature (Officer named on Corporate Resolution) Date

Printed Name ______________________________________ Page _____ of ______Title

Lender Application, Tax Affidavit – Attachment I Page 1 of 1

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

TAX AFFIDAVIT

(AFFIDAVIT of COMPLIANCE with TAX LAWS)

___________________________________________ (Affiant), being first duly sworn under oath, and representing [insert legal name of firm] (hereafter “Offeror”), hereby deposes and swears or affirms under penalty of perjury that:

1. I am an authorized agent of the Applicant, and I have full authority from the Applicant to submit this affidavit and accept the responsibilities stated herein.

2. I have knowledge regarding Applicant’s payment of taxes, and to the best of my knowledge, Applicant is not in violation of any Oregon tax laws, including, without limitation, ORS 305.620 and ORS chapters 316, 317 and 318.

3. Applicant shall provide written notice to Agency within two business days of any change to the Offeror’s status of tax law compliance.

IN WITNESS WHEREOF, Seller has executed this Limited Irrevocable Power of Attorney This ______ day of __________________, 202_.

Seller:

Name:

Title:

STATE OF

COUNTY OF

On this, the ______ day of __________________, 202_, the foregoing instrument was acknowledged before me, a notary public in and for the State of _______________________________________, by ________________________________________, personally known to me, by me duly sworn, did say he/she is the _____________________________ of ________________________________________.

Notary Public My Commission Expires:__________________ SEAL

Loan Application, Affiliate Questionnaire – Attachment J Page 1 of 1

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Affiliate Questionnaire

Affiliate Business Name:

Detailed Ownership Structure:

Company Incorporation Date:

What type of business is conducted by the affiliate?

Does the affiliate maintain its own office space? Yes No

If not, is the affiliate paying rent to the mortgage company? Yes No

Are there any shared employees? Yes No

If yes, what positions?

Are their customers shared customers (referrals)? Yes No

What percentage of the mortgage company's business flows through the affiliate?

What percentage of the affiliate's business flows through the mortgage company?

Note: If there are shared customers, attach a copy of the Affiliated Business Arrangement Disclosure

Have you met with a compliance attorney to ensure the affiliate is setup in compliance with RESPA and CFPB regulations?

Ye s

No

Lender Application, References – Attachment K

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Reference Form

To be completed by Applicant

Applicant Name:

Reference Type: Lender Warehouse Line HFA

Reference Entity:

Address:

Address Con’t.

Webpage:

Contact:

Email:

Phone:

To Be completed by OHCS:

Has the applicant remained in good standing?

Always Mostly Sometimes No

Describe your satisfaction with the business relationship with applicant:

Describe the applicant's methods for problem resolution.

With which aspect(s) of applicant’s services are you the most satisfied?

With which aspect(s) of applicant’s services are you the least satisfied?

Does the applicant deliver file and respond to inquiries in a timely manner?

Are there any outstanding issues with the applicant at this time?

OHCS Reviewer Info.

Review Name Reviewer Signature Date Completed

Lender Application, Appraisal Management Attestation – Attachment L Page 1 of 2

Oregon Housing and Community Services | 725 Summer St. NE Suite B, Salem, OR 97301-1266 | (503) 986-2000 | FAX (503) 986-2020

Appraisal Management Attestation

Lenders must fully support the Dodd-Frank Act and the objectives of Fannie Mae’s, Freddie Mac’s and the FHFA’s Appraiser Independence Requirements of ensuring an independent property valuation by an appraiser.

To ensure compliance with the Appraiser Independence Requirements (AIR), the lender is required to attest to OHCS that ___________________________ will provide AIR compliant appraisal services not limited to the following:

1. The lender uses only licensed or certified appraisers for subject property state.

2. Appraiser must be familiar with the local market, competent to appraise the subject property type, and have access to the data sources necessary to develop a credible appraisal.

3. Selected appraisers do not appear on any OHCS or Federal “Watch and/or Exclusionary” lists maintained or accessed by OHCS.

4. Lender must maintain the appropriate level of quality control measures.

5. Lender will employ ongoing monitoring and periodic assessments of all contracted Appraisal Management Companies, whether regional or national, and/or Appraisers to ensure that they are employing acceptable performance standards are in compliance with Regulation Z and GSE/Agency appraisal rules and consistent with supervisory guidance.

6. No employee, director, officer, or agent of the lender or any other third party on behalf of the lender shall influence or attempt to influence the development, reporting, result, or review of an appraisal or cause or fail to report misrepresentations, falsifications, or material alterations to such reports.

7. Lender must have an AIR compliant selection process in place for the assignment of an…