Loan Submission Summary (LSS)
Form 1
Seller Name:
Seller Loan #
Commitment #
Wells Fargo Loan #
Takedown # (Mandatory
only):
The Loan Information section is required to be fully completed.
Missing information will result in Loan suspension.
Loan Information
(“X” the box to the left of the primary wage earner.)
Borrower Name 1:
Borrower Name 2:
2nd Mortgage Lender:
2nd Mortgage Balance:
$
LOC
Loan
If LOC, Max loan amount:
$
Tax Information
Waived (Borrower has elected to not create a monthly tax escrow)
Next Discount Date or Economic Loss Date (ELD) for Wells Fargo*
Exempt (Borrower is exempt from property taxes)
____/____/_______
Note: A Discount date should be used first if available, then ELD. The ELD date is the last day to pay taxes without a penalty.
*Out of all taxing authorities, only provide the single earliest dated discount date or ELD for Wells Fargo. See Seller Guide
Section 515.03 for further details.
Origination Information:
Final Borrower Rate Lock Date (HPM):
____/____/_______
Note: This is the latest date that the Borrower locked their interest rate with the Lender. This date cannot be after closing.
Name of the entity that originated the loan:
Name of the lender that underwrote the loan:
Name of the lender that closed the loan:
Compensation (Broker/Table Fund Loans Only)
Lender Paid
Consumer Paid
Pricing and Underwriting Information
Underwriting Method
AUS Used (check all that apply)
Delegated Underwriting
Wells Fargo Prior Approval
FHA Loan Score
FHMLC Loan Prospector®(LP)
FNMA Desktop Underwriter®(DU®)
Manual Underwriting
Loan Product
Fixed
30 year
25 year
20 year
15 year
10 year
LIBOR ARMS
Conf. 3/1
7/1
Interest-Only
5/1
10/1
Product
30 year Fixed
5/1ARM
10/1 ARM
Conf. 3/1 ARM
7/1ARM
Term
10 years
Documentation Option
Full
FHA Streamline Refi
VA IRRRL
Special Programs (if applicable-check all that apply)
Builder Grant Option
Buydown
CEMA
Community Homebuyer’s
Co-op Loan
Down Payment Assistance
DU Refi PlusTM
Energy Efficient Mortgage
High Balance Loan Programs
High Balance VA Loan Program
High Balance FHA Loan Program
High Balance Conforming Loan Program
Home OpportunitiesSM.
Non-Traditional Credit
Cash On Hand
HomePath®
Home Possible®
MyCommunityMortgage®
RD Guaranteed Rural Housing
(GRH) Loan
Super Conforming Mortgage
Program
Trust Loan
Non-Conforming/Jumbo
New Construction Loans – Conventional only
Spec or Model Home: Check this box, if purchase of new property, not previously occupied and borrower did not obtain
construction financing. If this box is checked, do not choose a construction loan type from below.
If new construction, identify construction loan type based on one of the three columns below:
If DU utilized, choose one of
the FNMA construction loan
types:
Single-Closing (with Special
Feature Code 151)
Two-Closings
Fannie Mae’s Modification option
Single Close Modification
Double Close Modification
If LP utilized, choose one of the FHLMC
construction loan types:
Integrated Documentation
Separate Documentation
Modification Documentation
If no AUS was utilized (Prior
Approval Non-Conforming or Prior
Approval Manual Underwrite):
Single Close
Double Close
Double Close - Modification
I affirm that all answers and information submitted in this Loan Submission Summary are true and correct, and that Wells
Fargo Funding (Wells Fargo) is entitled to rely, and is relying on the information contained herein. I hereby authorize Wells
Fargo, at its discretion, to verify the information with any other sources.
Contact Name: ________________________________________ Phone: ____________________________
Email Address: _____________________________ Fax: ______________________
Signature: ________________________________________________
Date: ________________________
Effective Date: January 2, 2013
Form 1 - Page 1 of 1