green tree du refi plus
DESCRIPTION
Full details for Green Tree clients on how to most effectively use the product in todays marketTRANSCRIPT
DU
Ref
i Plu
sD
U R
efi P
lus
"Not
ice:
Ple
ase
note
that
this
is n
ot a
clie
ntof
fer o
r sol
icita
tion
for a
ll lo
an p
rodu
cts
liste
d.A
ll lo
ans
subm
itted
for p
urch
ase
by G
reen
Tre
e S
ervi
cing
LLC
(“G
reen
Tre
e”)
mus
t be
elig
ible
for p
urch
ase
by G
reen
Tre
e an
d be
in fu
ll co
mpl
ianc
e w
ith th
e G
reen
Tr
ee L
oan
Prod
uct M
atrix
and
Gre
en T
ree
Clie
nt C
ontra
ct fo
r eac
hap
prov
ed c
lient
."
5/31
/201
32
WEL
CO
ME
YO
U’V
E G
OT
QU
ES
TIO
NS…
WE
’VE
GO
T A
NS
WE
RS.
(IF Y
OU
CA
N’T
HE
AR
US
…W
E’R
E U
SIN
G P
HO
NE
LI
NE
S, N
OT
MIC
OR
SP
EA
KE
RS
)
TO A
SK
A Q
UE
STI
ON
DU
RIN
G T
HE
S
ES
SIO
N, S
ELE
CT
THE
CH
AT
OR
IC
ON
, TY
PE
YO
UR
QU
ES
TIO
N A
ND
S
EN
D IT
TO
TH
E H
OS
T. Y
OU
MA
Y
ALS
O P
RE
SS
#6
ON
YO
UR
PH
ON
E K
EY
P
AD
TO
UN
MU
TE Y
OU
R L
INE
, AN
D
AS
K Y
OU
R Q
UE
STI
ON
DIR
EC
TLY
TO
TH
E H
OS
T.
?
5/31
/201
33
Age
nda
•Wha
t is
HA
RP
/DU
Ref
i Plu
s?•A
US
and
Qua
lific
atio
ns›
DU
9.0
Upd
ates
•FA
Q’s
•Que
stio
ns
5/31
/201
34
Wha
t is
HAR
P?
•H
AR
P is
pro
gram
to h
elp
borro
wer
s, w
ho a
re c
urre
nt
on th
eir m
ortg
age
but m
ay n
ot b
e el
igib
le fo
r a
tradi
tiona
l ref
inan
ce d
ue to
losi
ng e
quity
in th
eir
prop
erty
bec
ause
of a
dec
linin
g m
arke
t. •
Like
any
oth
er re
finan
ce, b
orro
wer
s re
plac
e th
eir
curr
ent m
ortg
age
with
a c
ompl
etel
y ne
w m
ortg
age
whi
ch p
rovi
des
them
with
new
term
s, in
tere
st ra
tes
and
mon
thly
pay
men
ts. A
s a
resu
lt, it
may
low
er th
eir
paym
ent,
whi
ch c
ould
hel
p im
prov
e th
eir m
onth
ly
finan
cial
situ
atio
n.•
Man
y Le
nder
s re
fer t
o th
e H
AR
P P
rogr
am a
s D
U
Ref
i Plu
s.
5/31
/201
35
Why
is it
refe
rred
to a
s D
U R
efi P
lus?
•The
loan
mus
t be
run
thro
ugh
DU
.›
App
rove
/Elig
ible
or E
A/E
ligib
le o
nly
›R
efer
and
man
ual u
nder
writ
es a
re N
OT
perm
itted
•It i
s no
t a ty
pica
l tra
ditio
nal r
ate/
term
refin
ance
. •F
anni
e M
ae (F
NM
A) h
as le
ss-s
tring
ent c
riter
ia:
›lo
wer
acc
epta
ble
cred
it sc
ores
›
redu
ced
docu
men
tatio
n ›
wai
ving
the
requ
irem
ent f
or a
ppra
isal
s in
mos
t cas
es
5/31
/201
36
“Opt
ing”
out o
f DU
RE
FI P
LUS
•To
Opt
Out
of D
U R
efi P
lus,
ent
er “S
tand
ard
LCO
R”i
n th
e P
rodu
ct D
escr
iptio
n fie
ld o
f the
A
dditi
onal
Dat
a S
cree
n in
Des
ktop
Und
erw
riter
or
Orig
inat
or.
•In
our
100
3 Im
port
syst
em o
n th
e Te
rms
of L
oan
Pag
e si
mpl
y cl
ick
the
Che
ck b
ox
•D
U/D
O w
ill is
sue
a ne
w fi
ndin
g th
at s
tate
s th
e lo
an
is e
ligib
le b
ut n
ot u
nder
writ
ten
as D
U R
efi P
lus
beca
use
the
syst
em w
as in
stru
cted
to u
nder
writ
e as
a s
tand
ard
limite
d ca
sh-o
ut re
finan
ce.
5/31
/201
37
Who
Ben
efits
from
DU
Ref
i Plu
s?
•DU
Ref
i Plu
s m
ay b
e an
opt
ion
if:›
The
borro
wer
is c
urre
nt o
n th
eir m
ortg
age
paym
ents
›Th
e ho
me
valu
e ha
s de
crea
sed
The
first
mor
tgag
e ex
ceed
s th
e cu
rrent
mar
ket v
alue
of t
he h
ome
(i.e.
,loa
n-to
-val
ue)
›Th
e lo
an is
cur
rent
ly o
wne
d by
FN
MA
http
://lo
anlo
okup
.fann
iem
ae.c
om/lo
anlo
okup
The
exis
ting
first
mor
tgag
e m
ust h
ave
clos
ed p
rior t
oJu
ne 1
,200
9 to
be
elig
ible
5/31
/201
3
Bor
row
er B
enef
it•
The
borr
ower
mus
t rec
eive
a b
enef
it fro
m th
e re
finan
ce tr
ansa
ctio
n w
ith e
ither
a re
duce
d m
onth
ly
P&I p
aym
ent o
r mov
emen
t to
a m
ore
stab
le p
rodu
ct.
•Ac
cept
able
bor
row
er b
enef
its a
re m
et if
: ›
Mon
thly
P&
I dec
reas
es, o
r
›Lo
an te
rm is
sho
rtene
d, o
r
›In
tere
st ra
te is
redu
ced
•G
ener
ally
, a m
ore
stab
le p
rodu
ct w
ould
incl
ude
mov
emen
t fro
m:
›A
n in
tere
st-o
nly
to a
fully
am
ortiz
ing
loan
(pro
vide
am
ortiz
atio
n of
prin
cipa
l and
acc
umul
atio
n of
equ
ity
in th
e pr
oper
ty)
›A
n A
RM
to a
Fix
ed-R
ate
loan
›A
n A
RM
to a
new
AR
M w
ith a
n in
itial
fixe
d pe
riod
equa
l to
or g
reat
er th
an th
at o
f the
exi
stin
g m
ortg
age
›A
30-
year
Fix
ed R
ate
to a
15,
20,
or 2
5-ye
ar F
ixed
Rat
e
•An
incr
ease
to a
long
er te
rm (i
.e. 1
5-ye
ar F
ixed
Rat
e to
30-
year
Fix
ed R
ate)
is p
erm
itted
if th
ere
is
a re
duct
ion
in th
e bo
rrow
ers
P&
I pay
men
t •
DU
doe
s no
t mak
e th
e de
term
inat
ion
that
the
DU
Ref
i Plu
s tra
nsac
tion
will
bene
fit th
e bo
rrow
er
•M
odifi
ed M
ortg
age
›U
se th
e te
rms
of th
e pe
rman
ent m
odifi
ed lo
an fo
r com
paris
on
›If
borr
ower
was
in a
tria
l mod
ifica
tion
and
deni
ed a
per
man
ent m
odifi
catio
n, u
se th
e or
igin
al te
rms
of
the
loan
for c
ompa
rison
Con
fiden
tial a
nd p
ropr
ieta
ry, d
o no
t sha
re w
ith o
ther
s ou
tsid
e of
you
r or
gani
zatio
n.8
5/31
/201
39
Fixe
d Lo
an T
erm
s fo
r Con
form
ing
Lim
its
•LTV
>12
5%›
8-30
yea
r Fix
ed te
rm in
ann
ual i
ncre
men
ts
•LTV
>10
5% <
= 12
5%›
8-30
yea
r Fix
ed te
rm in
ann
ual i
ncre
men
ts
•LTV
<=
105%
›8-
30 y
ear F
ixed
term
in a
nnua
l inc
rem
ents
5/31
/201
310
AR
M L
oan
Term
s fo
r Con
form
ing
Lim
its
•LTV
<=
105%
›5/
1 LI
BOR
Arm
s›
7/1
LIBO
R A
rms
5/31
/201
311
Loan
Ter
ms
for H
igh
Bal
ance
Lim
its
•LTV
>12
5%›
15, 2
0, &
30
year
Fix
ed
•LTV
>10
5% <
= 12
5%›
15, 2
0, &
30
year
Fix
ed
•LTV
<=
105%
›10
, 15,
20,
& 3
0 ye
ar F
ixed
5/31
/201
312
AR
M L
oan
Term
s fo
r Hig
h B
alan
ce L
imits
•LTV
<=
105%
›5/
1 LI
BOR
Arm
s
›7/
1 LI
BOR
Arm
s
5/31
/201
313
LTV
/CLT
V Li
mita
tions
FIX
ED
Rat
e
5/31
/201
314
LTV
/CLT
V Li
mita
tions
FIX
ED
Rat
e
5/31
/201
315
LTV
/CLT
V L
imita
tions
AR
Ms
5/31
/201
316
Esc
row
Wai
vers
for P
rimar
y R
esid
ence
s
•The
follo
win
g cr
iteria
mus
t be
met
:›
Sam
e Se
rvic
er lo
ans
whe
re e
xist
ing
taxe
s an
d In
sura
nce
are
wai
ved,
OR
›LT
V <
= 80
%LT
V <
= 9
0% in
CA
LTV
< 8
0% in
NM
›M
inim
um 6
20 F
ICO
Sco
re›
Max
imum
45%
DTI
5/31
/201
317
Esc
row
Wai
vers
for S
econ
d H
omes
•The
follo
win
g cr
iteria
mus
t be
met
:›
Sam
e Se
rvic
er lo
ans
whe
re e
xist
ing
taxe
s an
d In
sura
nce
are
wai
ved,
OR
›LT
V <
= 80
%LT
V <
= 9
0% in
CA
›M
inim
um 6
20 F
ICO
Sco
re›
Max
imum
45%
DTI
5/31
/201
318
Esc
row
Wai
vers
for I
nves
tmen
t Pro
perti
es
•The
follo
win
g cr
iteria
mus
t be
met
:›
Sam
e Se
rvic
er lo
ans
whe
re e
xist
ing
taxe
s an
d In
sura
nce
are
wai
ved,
OR
›C
A LT
V <=
90%
AUS
and
Qua
lific
atio
nsAU
S an
d Q
ualif
icat
ions
5/31
/201
320
•Rat
e an
d Te
rm R
efin
ance
›Pa
y of
f of t
he e
xist
ing
first
mor
tgag
e on
ly.
Subo
rdin
ate
finan
cing
mus
t re-
subo
rdin
ate.
•D
U V
ersi
on 9
.0 w
ill be
upd
ated
to a
llow
for t
he s
imul
tane
ous
refin
anci
ng o
f a
subo
rdin
ate
lien
on D
U R
efi P
lus
case
file
s, p
rovi
ded
that
the
new
loan
am
ount
doe
s no
t exc
eed
the
exis
ting
unpa
id p
rinci
pal b
alan
ce o
f the
sub
ordi
nate
lien
.
Clo
sing
cos
ts, p
repa
id c
osts
and
dis
coun
t poi
nts.
(Del
inqu
ent t
axes
, esc
row
sh
orta
ge a
nd la
te fe
es c
an n
ow b
e in
clud
ed in
the
loan
am
ount
.)Th
e bo
rrow
er m
ay re
ceiv
e ca
sh b
ack
at c
losi
ng o
f no
mor
e th
an $
250.
•N
ot p
erm
itted
on
prop
ertie
s in
TX
›Pr
oper
ties
that
hav
e be
en li
sted
for s
ale
are
elig
ible
with
the
follo
win
g re
stric
tions
:Pr
oper
ty h
as b
een
take
n of
f the
mar
ket a
t lea
st o
ne d
ay p
rior t
oth
e ap
plic
atio
n da
te.
Borro
wer
con
firm
s th
e in
tent
to m
aint
ain
owne
rshi
p.
Tran
sact
ion
Type
5/31
/201
321
Elig
ible
Bor
row
ers
•US
Citi
zens
•Per
man
ent &
Non
-Per
man
ent R
esid
ent
Alie
ns›
If on
the
orig
inal
loan
, pro
of o
f res
iden
cy s
tatu
s is
not
requ
ired.
›
If no
t on
the
orig
inal
loan
, pro
vide
pro
of o
f res
iden
cy s
tatu
s.
•For
eign
Nat
iona
l is
not p
erm
itted
5/31
/201
322
Add
ing
or R
emov
ing
a Bo
rrow
er
•A b
orro
wer
may
be
adde
d or
rem
oved
pr
ovid
ed a
n or
igin
al b
orro
wer
rem
ains
on
the
new
loan
. ›
The
borro
wer
bei
ng re
mov
ed is
als
o re
mov
ed fr
om th
e de
ed
and
reta
ins
no o
wne
rshi
p in
the
prop
erty
5/31
/201
323
Qua
lifyi
ng a
nd R
atio
s
Wes
t Virg
inia
Max
imum
DTI
50%
Fixe
d R
ate
& LI
BOR
AR
MS
Fully
Am
ortiz
ing
Fixe
d R
ate
7/1
5/1
Qua
lify
at N
ote
rate
.Q
ualif
y us
ing
the
grea
ter o
f the
fully
-in
dexe
d, fu
lly-a
mor
tizin
g ra
te o
r Not
e ra
te
+ 2.
0%.
RA
TIO
S:
Will
be e
valu
ated
by
DU
5/31
/201
324
Cre
dit
•A
full
cred
it re
port
is re
quire
d fo
r eac
h ap
plic
ant o
n th
e lo
an•
No
min
imum
fico
sco
re is
requ
ired
›D
U w
ill e
valu
ate
elig
ibili
ty
•12
mon
th m
ortg
age
paym
ent h
isto
ry is
requ
ired
•N
o m
ore
than
90
days
may
hav
e el
apse
d fro
m th
e la
st
paid
dat
e of
the
mor
tgag
e to
the
date
of t
he c
redi
t re
port.
Cur
rent
mor
tgag
e pa
ymen
t his
tory
mus
t be
obta
ined
if m
ore
than
90
days
old
•Bo
rrow
ers
in a
n ac
tive
bank
rupt
cy a
re n
ot e
ligib
le
5/31
/201
325
Inco
me
Doc
umen
tatio
n R
equi
rem
ents
•Sam
e S
ervi
cer
›D
ocum
enta
tion
is re
quire
d to
con
firm
sou
rce
and
rece
ipt o
f inc
ome
›D
ocum
enta
tion
is n
ot re
quire
d to
con
firm
his
tory
of r
ecei
pt o
r co
ntin
uity
of i
ncom
e ›
Stan
dard
age
of d
ocum
enta
tion
requ
irem
ents
app
ly
5/31
/201
326
Inco
me
Doc
umen
tatio
n R
equi
rem
ents
•Non
-Sam
e S
ervi
cer
›D
ocum
enta
tion
is re
quire
d to
con
firm
sou
rce
and
rece
ipt o
f inc
ome
›D
ocum
enta
tion
is n
ot re
quire
d to
con
firm
his
tory
of r
ecei
pt a
nd c
ontin
uity
of
inco
me
›R
etai
n E
xecu
tion
of 4
506-
T an
d ob
tain
tax
trans
crip
t
›S
tand
ard
age
of d
ocum
enta
tion
requ
irem
ents
app
ly .
5/31
/201
327
Doc
umen
ting
Inco
me
per D
U 9
.0
•Em
ploy
men
t and
inco
me
mus
t be
stat
ed o
n th
e ap
plic
atio
n an
d ve
rifie
d!
Inco
me
Type
D
U R
efi P
lus
Doc
umen
tatio
n
Base
Pay
(sal
ary
or h
ourly
) Pa
ystu
b on
ly
Bonu
s an
d O
verti
me
Pays
tub
only
Com
mis
sion
Pay
stub
OR
Per
sona
l tax
retu
rn c
over
ing
mos
t rec
ent y
ear
Self-
Em
ploy
men
t Pe
rson
al ta
x re
turn
cov
erin
g m
ost r
ecen
t yea
r
Sec
ond
Job
Doc
umen
t per
Inco
me
type
Alim
ony
and
Chi
ld S
uppo
rtD
ivor
ce D
ecre
e, S
epar
atio
n ag
reem
ent,
Cou
rt O
rder
5/31
/201
328
Doc
umen
ting
Ass
ets
•A
sset
s fo
r clo
sing
mus
t be
stat
ed o
n th
e ap
plic
atio
n•
Ver
ifica
tion
of a
sset
s is
requ
ired
›M
ost r
ecen
t mon
thly
, qua
rterly
or a
nnua
l acc
ount
sta
tem
ent
•N
et a
sset
s m
ust b
e de
term
ined
for t
he fo
llow
ing:
›St
ocks
, bon
ds, m
utua
l fun
ds: D
educ
t 30%
of t
he v
alue
less
any
out
stan
ding
loan
s
›R
etire
men
t acc
ount
: Ded
uct 4
0% o
f the
ves
ted
amou
nt le
ss a
ny o
utst
andi
ng lo
ans
•R
equi
rem
ent f
or L
iqui
datio
n of
Ass
ets
›Pr
oof o
f liq
uida
tion
of a
sset
s (e
.g.,
sale
of s
tock
) is
not r
equi
red
even
if th
ose
asse
ts a
re
bein
g us
ed b
y th
e bo
rrow
er to
pay
clo
sing
cos
ts.
•R
equi
rem
ent f
or L
arge
Dep
osits
›An
exp
lana
tion
lette
r and
doc
umen
tatio
n fo
r lar
ge d
epos
its is
no
long
er re
quire
d. H
owev
er, i
f a
larg
e de
posi
t was
the
resu
lt of
a n
ew lo
an a
s id
entif
ied
by th
e LQ
I Rep
ort,
verif
icat
ion
of
term
s an
d in
clus
ion
in D
TI is
requ
ired.
5/31
/201
329
Occ
upan
cy T
ype
•Pr
imar
y R
esid
ence
•Se
cond
Hom
es
•In
vest
men
t Pro
perti
es
Occ
upan
cy o
f exi
stin
g lo
an d
oes
not
need
to b
e th
e sa
me
as n
ew lo
an.
5/31
/201
330
Elig
ible
Pro
perty
Typ
es
1-4
Uni
t
1 un
it P
UD
's
Con
do U
nit
Mod
ular
/ Pre
-Cut
Leas
ehol
d E
stat
es
Prop
ertie
s lo
cate
d in
New
Yor
k or
Haw
aii a
re n
ot p
erm
itted
.
5/31
/201
331
Con
dom
iniu
m P
roje
cts
•N
o pr
ojec
t rev
iew
requ
ired
›S
atis
fact
ory
verif
icat
ion
mus
t be
prov
ided
ver
ifyin
g su
bjec
t pro
ject
is n
ot
a C
ondo
Hot
el a
nd c
onfir
mat
ion
of h
azar
d, fl
ood
and
liabi
lity
insu
ranc
e co
vera
ge is
requ
ired.
•El
igib
le P
rope
rty T
ypes
for F
lorid
a C
ondo
s ›
Sam
e S
ervi
cer –
Prim
ary,
Sec
ond
Hom
es, a
nd In
vest
men
t Pro
perti
es
›N
on-S
ame
serv
icer
–P
rimar
y R
esid
ence
onl
y
5/31
/201
332
App
rais
als
–S
ame
Ser
vice
r
•An
Inte
rior a
nd E
xter
ior A
ppra
isal
Rep
ort
(For
m 1
004,
107
3, o
r 102
5) is
requ
ired
if a
PIW
Fin
ding
is n
ot a
vaila
ble.
›Th
e va
lue
mar
keta
bilit
y an
d co
nditi
on o
f the
sub
ject
pro
perty
m
ust m
eet g
uide
lines
. C
ondi
tion
ratin
gs C
1 th
roug
h C
6 an
d Q
ualit
y ra
tings
C1
thro
ugh
C6
are
elig
ible
.
App
rais
al re
ports
with
a C
5, C
6, o
r Q6
mus
t be
com
plet
ed w
ith a
n“a
s is
”
5/31
/201
333
App
rais
als
–N
ON
-S
ame
Ser
vice
r
•An
Inte
rior a
nd E
xter
ior A
ppra
isal
Rep
ort
(For
m 1
004,
107
3, o
r 102
5) is
requ
ired
if a
PIW
Fin
ding
is n
ot a
vaila
ble.
›Th
e va
lue
mar
keta
bilit
y an
d co
nditi
on o
f the
sub
ject
pro
perty
m
ust m
eet g
uide
lines
. C
ondi
tion
ratin
gs C
1 th
roug
h C
4 an
d Q
ualit
y ra
tings
C1
thro
ugh
C5
are
elig
ible
.
5/31
/201
334
App
rais
als
•Pro
perty
Fie
ldw
ork
Wai
vers
will
not
be
perm
itted
in th
e fo
llow
ing
scen
ario
s an
d w
ill
requ
ire F
ULL
Inte
rior/E
xter
ior A
ppra
isal
s:›
Ow
ner-o
ccup
ied
prop
ertie
s in
Kan
sas
with
an
LTV
exce
edin
g 10
0%›
Ow
ner-
occu
pied
or s
econ
d ho
me
prop
ertie
s in
Wes
t Virg
inia
›
Inve
stm
ent p
rope
rties
in T
exas
5/31
/201
335
Pro
perty
Fie
ldw
ork
Wai
ver
•Len
ders
may
NO
T ex
erci
se th
e pr
oper
ty
field
wor
k w
aive
r if:
›th
e le
nder
has
reas
on to
bel
ieve
that
an
appr
aisa
l is
war
rant
ed
base
d on
add
ition
al in
form
atio
n ob
tain
ed a
bout
the
prop
erty
(or)
›su
bseq
uent
eve
nts
such
as
a hu
rrica
ne o
r oth
er n
atur
al d
isas
ter
(or)
›N
ot e
ligib
le fo
r the
wai
ver p
er D
U
5/31
/201
336
Pro
perty
Fie
ldw
ork
Wai
ver
•If P
rope
rty F
ield
wor
k W
aive
r is
exer
cise
d, th
e lo
an m
ust b
e re
subm
itted
to D
U u
sing
the
estim
ated
val
ue p
rovi
ded
by D
U.
›Th
e bo
rrow
ers
estim
ate
of v
alue
or a
ny o
ther
val
ue o
btai
ned
for t
he
prop
erty
may
not
be
used
.
•Add
ition
al re
quire
men
ts o
f a P
rope
rty F
ield
wor
k W
aive
r:›
Acc
urat
e pr
oper
ty a
ddre
ss.
›Fi
nal D
U re
com
men
datio
n re
sulte
d in
a P
rope
rty F
ield
wor
k W
aive
r of
fer.
›M
ust b
e da
ted
with
in 9
0 da
ys o
f the
Not
e da
te.
›P
IW D
iscl
osur
e is
requ
ired.
5/31
/201
337
FEM
A M
ajor
Dis
aste
r Dec
lara
tion
Pol
icy
•S
ame
Ser
vice
r›
A re
-insp
ectio
n is
not
requ
ired
•N
on-S
ame
Ser
vice
r›
A re
-insp
ectio
n is
requ
ired
afte
r a M
ajor
Dis
aste
r Dec
lara
tion
›If
dam
age
is n
oted
an
inte
rior a
nd e
xter
ior i
nspe
ctio
n is
requ
ired
and
repa
irs
indi
cate
d by
the
appr
aise
r mus
t be
com
plet
ed p
rior t
o cl
osin
g
•S
ee th
e C
onve
ntio
nal A
ppra
isal
cha
pter
of t
he C
lient
G
uide
for c
ompl
ete
disa
ster
requ
irem
ents
.
5/31
/201
338
Mor
tgag
e In
sura
nce
•M
ortg
age
Insu
ranc
e is
not
requ
ired
if, e
ven
if th
e LT
V is
>
80%
if:
›th
e LT
V w
as <
80%
on
the
orig
inal
tran
sact
ion
›If
the
LTV
was
> 8
0% o
rigin
al tr
ansa
ctio
n an
d m
ortg
age
insu
ranc
ew
as
prev
ious
ly c
ance
lled
or te
rmin
ated
in a
ccor
danc
e w
ith F
NM
A.
•D
U w
ill is
sue
the
follo
win
g m
essa
ge o
r mes
sage
s:›
Fann
ie M
ae's
reco
rds
indi
cate
that
the
exis
ting
Fann
ie M
ae lo
an d
oes
not
curr
ently
hav
e m
ortg
age
insu
ranc
e co
vera
ge in
effe
ct. M
ortg
age
insu
ranc
e is
not
requ
ired
for t
his
DU
Ref
i Plu
s lo
an c
asef
ile.
(OR
)
›M
ortg
age
Insu
ranc
e is
not
requ
ired
for t
his
DU
Ref
i Plu
s lo
an c
asef
ile.
5/31
/201
339
DU
Mor
tgag
e In
sura
nce
Mes
sage
•M
ortg
age
Insu
ranc
e is
requ
ired
if:›
the
LTV
on
the
orig
inal
loan
and
the
new
LTV
is >
80%
and
the
MIo
n th
e ex
istin
g lo
an
was
nev
er c
ance
lled
or te
rmin
ated
.
•Le
nder
Pai
d M
I is
not e
ligib
le
•D
eleg
ated
Cor
resp
onde
nt C
lient
s un
derw
ritin
g an
d ob
tain
ing
mor
tgag
e in
sura
nce
›U
nite
d G
uara
nty
›G
enw
orth
›M
GIC
›R
adia
n
›Es
sent
Gua
rant
y
›C
MG
–Ac
cept
able
for C
redi
t Uni
ons
only
•G
reen
Tre
e w
ill ob
tain
mor
tgag
e in
sura
nce
for t
hose
Clie
nts
who
sub
mit
loan
s to
us
for u
nder
writ
ing
›M
GIC
-E
ssen
t Gua
rant
y
›R
adia
n
5/31
/201
340
New
Mor
tgag
e In
sura
nce
Req
uire
men
ts
•DO
/DU
will
indi
cate
the
leve
l of M
I cov
erag
e re
quire
d.
*SU
BJE
CT
TO M
I CO
MPA
NY
GU
IDEL
INE
S A
ND
APP
RO
VAL*
(Che
ck w
ith y
our M
I Par
tner
for r
equi
rem
ents
)
5/31
/201
341
Tran
sfer
of M
ortg
age
Insu
ranc
e
•Gre
en T
ree
allo
ws
MI "
trans
fers
" :
›M
onth
ly a
nd Z
ero
Mon
thly
›
Leve
l Ann
ual
›St
anda
rd A
nnua
l ›
Split
Pre
miu
m (w
ith o
r with
out o
ptio
ns)
›Si
ngle
Pre
miu
m
›Bo
rrow
er P
aid
MI (
BPM
I)
5/31
2013
42
Tran
sfer
of M
ortg
age
Insu
ranc
e•
For f
iles
sent
to G
reen
Tre
e fo
r Und
erw
ritin
g:›
Rad
ian
›M
GIC
*If tr
ansf
errin
g M
I tel
l us
on y
our U
/W s
ubm
issi
on c
over
pag
e*
5/31
/201
343
Tran
sfer
of M
ortg
age
Insu
ranc
e•F
or C
orre
spon
dent
Clie
nts
Und
erw
ritin
g th
eir
own
files
:›
MG
IC
›R
adia
n ›
Gen
wor
th
›U
GI
›R
MIC
›
PMI
5/31
/201
344
Und
erw
ritin
g A
utho
rity
•D
eleg
ated
›El
igib
le to
und
erw
rite
or s
end
to G
reen
Tre
e on
loan
s <=
$1,
000,
000
•C
ondi
tiona
l Del
egat
ed›
Req
uire
s A
ppro
ve/E
ligib
le re
com
men
datio
n
›Lo
an A
mou
nts
up to
$65
0,00
0
Hig
h B
alan
ce a
re n
ot e
ligib
le
›O
ther
wis
e su
bmit
to G
reen
Tre
e (in
clud
es E
A re
com
men
datio
ns)
•N
on-D
eleg
ated
Cor
resp
onde
nt a
nd W
hole
sale
›Su
bmit
to G
reen
Tre
e fo
r und
erw
ritin
g
5/31
/201
345
FAQ
’s•
Are
incr
ease
s to
the
borr
ower
s pa
ymen
t per
mitt
ed?
›O
nly
if a
mor
e st
able
pro
duct
(i.e
. AR
M to
Fix
ed, I
O to
fully
am
ortiz
ing,
sh
orte
r ter
m, e
tc) i
s ut
ilize
d. T
here
mus
t be
a ne
t tan
gibl
e be
nefit
.
•Is
the
borro
wer
per
mitt
ed to
get
reim
burs
ed fo
r ite
ms
paid
out
side
of
clos
ing,
in a
dditi
on to
the
$250
cas
h ba
ck?
›N
O! A
ny a
mou
nt e
xcee
ding
$25
0 w
ould
nee
d to
be
appl
ied
as a
pr
inci
pal c
urta
ilmen
t and
be
refle
cted
on
the
HU
D-1
Set
tlem
ent
Sta
tem
ent.
•If
I ini
tially
ran
my
loan
thro
ugh
DU
and
rece
ived
DU
Ref
i Plu
s Fi
ndin
gs,
can
I run
my
loan
thro
ugh
LP in
stea
d if
I nee
d a
Lim
ited
Cas
h O
ut R
efi?
›N
O! W
e do
not
allo
w it
to b
e fli
pped
to a
noth
er A
U.
›Yo
u m
ay c
hoos
e to
“opt
out
”of t
he D
U R
efi P
lus.
5/31
2013
46
Gre
en T
ree’
s D
U R
EFI
PLU
S Que
stio
ns?
5/31
/201
347
Furth
er In
form
atio
n
•R
efer
to:
›G
reen
Tre
e W
ebsi
tew
ww
.gtc
orre
spon
dent
.com
›Th
e C
lient
Gui
de
›P
rodu
ct M
atrix
•C
onta
ct:
›C
lient
Ser
vice
s
877-
700-
4622
, Opt
ion
9
Cor
resp
onde
nt_L
endi
ng@
gtor
igin
atio
ns.c
om
›Yo
ur S
ales
Dire
ctor
or A
ccou
nt E
xecu
tive