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State Bank of Lincoln
Fannie Mae has announced new LLPA's. Please see the Resource Center for the announcement and new charts.
In order to prepare for October 1st changes, State Bank of Lincoln has added a condition for "Final Compliance Review" on all loan types. Prior to SBL funding your loan, it will be sent through our compliance testing. You may receive a decision of "Approved with Conditions" until this has been completed. You will receive a "Ready for Funding" status once all conditons are cleared, including the Final Compliance Review.
Please contact Kayla Wilson with any questions.
SAVE THE DATE!
SBL Correspondent Workshop is
October 7th in Springfield.
More information to come!!
Effective with applications dated January 1st, the Underwriting Fee will be $450.00 ($800.00 for loans SBL prepares docs for).
Remember to check the Resource Center for Announcements and Updates!
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