ACC Mortgage

Basic information

QM program

N/A

Loss payee

Selene Finance LP Its Successors and/or Assigns ATIMA P.O. Box 461470 San Antonio, TX 78246

CPL or subordinate clause

OUR MORTGAGEE CLAUSE IS AS FOLLOWS: ALL CREDIT CONSIDERED MORTGAGE, INC ISAOA / ATIMA 1801 RESEARCH BOULEVARD SUITE 410 ROCKVILLE, MD 20850

Lock policies & fees

Lock policies

Lock extension

EXTENSION • Funding must be completed before the expiration of the lock. • Lock extensions must be received prior to the lock expiration. • Lock extensions must be requested no later than 4:00 pm PST the day of lock expiration. • To request an extension, email prequalsubmissions@accmortgage.com. Please include the name and ACC loan number in the subject field of the email. • A loan may only be extended twice for a combined 30 days total with the following price hits: ➢ 1 Day – no cost ➢ 5 Days - .075 ➢ 10 days - .25 ➢ 15 days - .375 ➢ 30 days - .625

Relock

RELOCK POLICY • Withdrawing the loan entirely, will automatically cancel the lock. • Relocks are available once a lock is expired, has been cancelled or the loans have been reinstated.

Lock & Shop

No

Lender's niche & overlays

Lender's niche

WE PROVIDE SOLUTIONS...

NOT JUST LOANS

• 90% Bank Statements Lending
• Interest Only Jumbo Products
• No Income Verification-Investment
• 90% Purchase Money
• 85% ITIN

• Foreign National
• 620 FICO and Above
• 2nd Chance Lending
• Financing for Investors to Buy & Sell
• Consumer Home Purchases & Debt Consolidation Programs

Lender's overlays

ACC MORTGAGE OVERLAYS

ACC’s investors are very strict about not allowing loans to non-permanent residents who are affiliated with North Korea, China, Russia, or Iran.

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

2

Reviews