Bulletins

NOTICE TO ALL CUSTOMERS   Conventional 2025 Area Median Income (AMI) Limits, Condominium Project Review Updates and Other Reminders   FLCBank is notifying customers of the recent updates published by Fannie Mae and Freddie Mac around various topics, changes to FLCBank’s Condominium Project Review Submission and reminds customers the date ...

NOTICE TO ALL CUSTOMERS Non-Permanent Resident Alien Eligibility – Conventional and FHA FLCBank notifies customers of the recent updates made on the loan programs listed below: CLICK HERE TO DOWNLOAD THE COMPLETE BULLETIN ...

NOTICE TO BROKERS:   Action Required – 2025 Semi-Annual Review Process: FLCBank performs annual reviews on all active approved customers in all channels. To ensure a timely review and avoid an interruption in service, please provide the following documents no later than the close of business Wednesday, May 7, 2025 ...

NOTICE TO ALL CORRESPONDENTS AND NON-DELEGATED CORRESPONDENTS   Action Required – 2025 Semi-Annual Review Process:   FLCBank performs semi-annual reviews on all active approved customers in all channels. To ensure a timely review and avoid an interruption in service, please provide the following documents no later than the close of ...

NOTICE TO ALL CUSTOMERS   Conventional, FHA and VA Products and Important Reminders   FLCBank is providing customers with various loan program changes and reminders. CLICK HERE TO DOWNLOAD THE COMPLETE BULLETIN ...

NOTICE TO:  Broker   Fee Entry Update: Fee Entry Service Screen FLCBank is excited to announce a streamlined Fee Entry submission process. A Fee Entry request form is no longer required to be answered and uploaded. Instead, a new screen has been created in MortgageBot that contains this information and ...

NOTICE TO:  Broker   IMPORTANT ANNOUNCEMENT: Updated AMC Vendor Pricing 2025 Update: March 24, 2025, we have updated the Clear Capital pricing as one product was omitted by the vendor in error.  The information below was released on February 12, 2025, and is still applicable.  The link below contains the ...

NOTICE TO ALL CUSTOMERS   Freddie Mac Rental Income Updates FLCBank informs customers of the recent credit updates published by Freddie Mac via Bulletin 2025-1 updating the requirements for the use of rental income from: A non-subject investment property purchased or placed in service in the current calendar year or ...

NOTICE TO BROKERS   FLCBank 2025 Compensation Policy and Changes to Compensation   FLCBank allows adjustments to compensation once a quarter; four total adjustments per calendar year. Any requests submitted on the wrong form or without a reason included will not be accepted. Upcoming Compensation Adjustment Date:   To make ...

NOTICE TO ALL CUSTOMERS   Conventional and FHA Credit Updates FLCBank notifies customers of the recent updates made on various topics on the loan programs listed below: Conventional Old Policy New Policy The non-permanent resident alien’s Visa or EAD card should have no less than 12 months remaining at the ...

NOTICE TO:  Broker   IMPORTANT ANNOUNCEMENT: Updated AMC Vendor Pricing 2025 Effective March 11, 2025 and after, all appraisal orders placed in Mortgagebot LOS will have updated pricing for the AMC Vendor shown below: Utilize the updated fees when quoting the appraisal fee for the Loan Estimate (LE). AMC: Axis ...

NOTICE TO ALL CUSTOMERS Important Freddie Mac Credit Updates FLCBank notifies customers of the recent updates made by Freddie Mac via Bulletins 2024-16 and 2025-1 announcing expanded LTV/TLTV requirements for Automated Collateral Evaluation (ACE) on purchase transactions. This update is effective for loans submitted and resubmitted to Loan Product Advisor ...

NOTICE TO ALL CUSTOMERS   Income Validations Reminder Tax Returns and Transcripts are required for borrower(s) whose “self-employment” or “other” income sources are being utilized for the repayment of the mortgage. The number of years for tax returns and transcripts being required is based on the AUS findings except on ...

NOTICE TO NON-DELEGATED CORRESPONDENTS   IMPORTANT ANNOUNCEMENT: Updated NDC Jumbo Appraisal Order Process FLCBank has updated the NDC Jumbo Products Appraisal Order Process with updated fees.  Effective February 18, 2025, all appraisal orders placed on the Clear Capital website will have updated pricing. Utilize the updated fees when quoting the ...

NOTICE TO:  Broker   IMPORTANT ANNOUNCEMENT: Updated AMC Vendor Pricing 2025 Effective 2/18/2025 and after, all appraisal orders placed in Mortgagebot LOS will have updated pricing for the AMC Vendor shown below: Utilize the updated fees when quoting the appraisal fee for the Loan Estimate (LE). AMC: Clear Capital Process ...