Approval Criteria

Minimum Lender Approval Requirements

 • State licenses
 • Key Officer/Manager Resumes
 • Audited Financial Statements for previous 2 years
 • Unaudited Interim financial statements if > 4 months since last audit
 • E & O Insurance
 • Fidelity Insurance
 • Quality Control Plan
 • Quality Control Results
 • Warehouse line of credit
 • References
 • Existence of government approval (Government approval only)
 • Corporate Resolution 

 

Operating Level Approval Criteria

Retail

 • Conventional
 • Government

Delegated

 • Conforming Conventional - Level 1
 • Conforming Conventional w/TPO - Level II
 • Jumbo Conventional - Level III
   (up to $650,000 loan limit)

Minimum HUD Adjusted Net Worth

 

$500,000
$500,000

 

$1,000,000
$2,500,000
$5,000,000

Company Existence

 

2 years
2 years

 

2 years
3 years
5 years

 

 Click on the map for contacts on how to get signed up today 
 

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Affiliated Mortgage does not purchase loans secured by properties
located in the states of Delaware, Maine, Maryland, Nevada,
New Hampshire, New Jersey, New York,  Rhode Island,
Vermont and West Virginia
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