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State Bank of Lincoln
SOME INVESTORS WILL BE CLOSED ON JULY 3RD IN OBSERVANCE OF INDEPENDENCE DAY. ONLY USDA, RURAL HOUSING LOCKS WILL BE ACCEPTED.
**Fannie Mae has released the annoucement that they will no longer be charging for loans ran through DU/DO on and after June 1, 2015. If you are a DO user, you will no longer be receiving an invoice from us for payment for loans initially ran after June 1st. If State Bank of Lincoln runs DU for you, you will still be charged monthly as normal. Please direct any questions to Kayla Wilson.**
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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