Vaster start up kit

What you need to receive final approval for your clients


+ Phase I

  • Attached Loan application Form
  • If purchase- Contract (with Floorplan if new construction)
  • Borrower Visa and Passport –if domestic- Passport only
  • SSN or ITIN
  • Latest Personal Bank statement- U.S.
  • Proof of residence (physical Address) i.e. utility bill if foreign

+ Phase II

  • Executed term sheet
  • Loan Deposit
  • Signed loan disclosures
  • Entity Bank Statement- Entity has to open a bank account
  • Article of Organization
  • Certificate In Good Standing
  • Letter for agent of service
  • Special Purpose Entity documentation (LLC or Corp)

+ Phase III

  • Insurance - we require an H06 for condos
  • Survey if applicable
  • Closing coordination