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California Loan Processing
10755 Scripps Poway Parkway #365
San Diego, California 92131
Phone: (619) 929.9352
California Loan Processing Contract Service Agreement
I. AGREEMENT BETWEEN PARTIES
THIS CONTRACT AGREEMENT is made and entered into this ______ day in
the month of ______________ for the year 20____, by and between ______________________
(hereinafter referred to as "the Client"), and California Loan Processing (hereinafter referred to
as "Service Provider").
II. PARTIES
A. The Client is a licensed mortgage broker or loan officer authorized to prepare loan
applications (Form 1003)
B. The Service Provider is experienced at processing mortgage loan applications and will
process mortgage loan applications originated by the Client in accordance with the terms
set forth below.
III. RESPONSIBILITIES OF THE PARTIES
A. Responsibilities of Client
1. The Client shall perform the below actions (if applicable) prior to submitting
the loan file to the Service Provider:
a. Completed and signed Fannie Mae Form 1003.
b. All appropriate disclosures.
c. Earnest Money Agreement if applicable.
d. Credit report.
e. All necessary documents from borrower including, but not limited to:
I. W2’s,
II. Federal tax form 1040 and any additional necessary tax
forms,
III. Necessary bank statements,
IV. Retirement funds information,
V. 401k information if applicable,
VI. Stocks, bonds, etc. information,
VII. Current pay stubs,
VIII. Last two (2) years landlord information, including name,
address, and phone number, if applicable
IX. Homeowner’s insurance information,
X. Any other information necessary to close the loan.
f. Client also agrees to the following:
I. Client shall choose the lender and loan program to which
Service Provider will submit the loan package.
II. Client shall lock all loans and provide Service Provider with
the lock terms.
III. Client shall keep Service Provider informed in a timely
manner of all changes to a loan package that may occur
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