Bulletins

NOTICE TO:  Delegated Correspondents    Government Shutdown Temporary Policies FLCBank is providing guidance to Correspondent Customers regarding its requirements for Correspondent Loan Purchase during the Government Shutdown; this guidance will automatically expire when the federal government resumes full operations. CLICK HERE TO DOWNLOAD THE COMPLETE BULLETIN ...

NOTICE TO BROKERS: HELOC Product Update FLCBank is pleased to announce an improvement to our HELOC Product with the ability to originate HELOCs in First Lien position!   Effective October 23, 2025, you can offer financing flexibility with FLCBank’s First Lien HELOC.  This is an additional product offering to our HELOC ...

NOTICE TO RETAIL LOAN ORIGINATORS: HELOC Product Update FLCBank is pleased to announce an improvement to our HELOC Product with the ability to originate HELOCs in First Lien position!   Effective October 23, 2025, you can offer financing flexibility with FLCBank’s First Lien HELOC.  This is an additional product offering to ...

NOTICE TO ALL CUSTOMERS   Important: Notice Regarding Government Shutdown FLCBank is providing the following information in preparation for the impending Government Shutdown tomorrow Wednesday October 1, 2025. The following federal agencies will continue operating without disruption: IRS (IRS’s Income Verification Express Service (IVES) will not be affected so 4506-C ...

NOTICE TO ALL CUSTOMERS     Important: Fannie Mae and Freddie Mac Credit Updates and UAD 3.6 Notification   Fannie Mae Fannie Mae is releasing DU Version 12.0 this weekend September 27, 2025, which will include the changes described below and will apply to loans submitted or resubmitted to DU ...

NOTICE TO ALL CUSTOMERS Updated Reconsideration of Value Requirements: Fannie Mae, Freddie Mac, Jumbo and FHA Loans Fannie Mae and Freddie Mac announced via SEL-2025-07 and Bulletin 2025-12 respectively, they are rescinding certain requirements of the Reconsideration of Value (ROV). FHA had rescinded certain components of the ROV process earlier ...

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   Exciting News on our Gold Jumbo   Starting with new loans submitted and/or locked Tuesday September 2, 2025, you can qualify more borrowers with our improved Gold Jumbo Fixed Rate Option! Up to 89.99% LTV with loan amounts up to $2MM for 1-Unit Primary Residence ...

NOTICE TO ALL CUSTOMERS   Important Agency Updates   FLCBank is notifying customers of various updates and changes in the loan programs listed below. 7/6 and 10/6 ARM – Conventional Loans We have been made aware of guidance affecting FNMA and FHLMC 7/6 and 10/6 ARM loans with state-based restrictions ...

NOTICE TO:  Non-Delegated Correspondents and Delegated Correspondents   IRS Form 4506-C Completion FLCBank reminds its Non-Delegated and Delegated Correspondent Customers of the requirement to have each borrower whose income (regardless of income source) is used to qualify for the loan to complete and sign a separate IRS Form 4506-C at ...

NOTICE TO ALL CUSTOMERS   FLCBank is notifying customers of various updates and changes in the loan programs listed below.   Updated Condominium Project Requirements – Conventional Loans Fannie Mae and Freddie Mac updated their project review requirements to include projects that are terminating or involved in insolvency proceedings as ...

NOTICE TO:  Non-Delegated Correspondents and Delegated Correspondents   Lender Quality Control Requirement Updates Fannie Mae announced various updates required to be implemented in the Lenders’ Quality Control Program and Processes via Bulletin SEL-2025-04. These updates must be implemented for all Quality Control Reviews conducted on or after September 2, 2025 ...

NOTICE TO:  Non-Delegated Correspondents Important Settlement Service Provider List (SSPL) Compliance Reminder FLCBank reminds customers that Regulation Z was updated April 2, 2022 (TRID 2.0) providing clarifications and instructions that the written list of providers must correspond to the Loan Estimate (LE). The intent of the regulation’s update is to ...

NOTICE TO ALL CUSTOMERS   Elite Express and Sapphire Jumbo Updates   FLCBank informs all customers of recent updates posted on the Elite Express and Sapphire Jumbo loan products that are effective immediately. Elite Express Restricted Stock Units (RSU) Income can be used for qualifying purposes: To document the acceptability, ...

NOTICE TO RETAIL LOAN ORIGINATORS:   Closed End Second and HELOC Second Mortgage Update Effective immediately, FLCBank’s Closed End Second and HELOC Mortgage guidelines are being updated to reflect the following changes to the Cash Out refinance loan purpose: Added seasoning requirement: If the subject property was purchased within 12 ...