Bulletins

AC-019 Gold Jumbo Product Enhancements

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 ...

AC-018 Multiple Updates

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 ...

NDC-008 – IRS Form 4506-C Completion and Best Practice Reminders

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 ...

/ Form 4506-C, IRS, NDC

AC-017 Important Updates Including NPRA Eligibility

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 ...

CNDC-007 – Updated Quality Control Requirements

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 ...

/ NDC, Quality Control, Reviews

NDC-006 Regulation Z – Settlement Service Provider List (SSPL) Compliance Reminder

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 ...

AC-016 Elite Express and Sapphire Jumbo Updates

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, ...

R-004 Closed End Second and HELOC Second Mortgage Update

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 ...

B-014 – Closed End Second and HELOC Second Mortgage Updates

NOTICE TO BROKERS:   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 months from ...

AC-015 FHA Important Updates ML 2025-15 & ML 2025-18

NOTICE TO ALL CUSTOMERS   Important FHA Updates   FLCBank is notifying customers of the recent changes published by the Federal Housing Administration (FHA) via Mortgagee Letters 2025-15 and 2025-18 which are effective immediately. Mortgagee Letter 2025-15, FHA rescinds the requirement for lenders to provide Borrowers the Supplemental Consumer Information ...

B-013 Updated AMC Pricing – Clear Capital

NOTICE TO:  BROKERS   IMPORTANT ANNOUNCEMENT: Updated AMC Vendor Pricing 2025 Effective today, July 8, 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 product fee for the Loan Estimate (LE) ...

NDC-005 Updated NDC Jumbo Appraisal Order Process

NOTICE TO:  Non-Delegated Correspondents   IMPORTANT ANNOUNCEMENT: Updated NDC Jumbo Appraisal Order Process FLCBank has updated the Jumbo Products Appraisal Order Process with updated vendor fees.  Effective July 8, 2025, all appraisal orders placed on the Clear Capital website will have updated pricing. Utilize the updated fees when quoting the ...

/ All Customers, Appraisal, Jumbo, NDC, NDC

R-003 Fannie Mae Approved Projects and Desktop Underwriter (UI) Integration

NOTICE TO RETAIL LOAN ORIGINATORS   Fannie Mae Approved Projects and Desktop Underwriter (DU) Integration    Great news! Desktop Underwriter (DU) will now provide Condominium Project information from Fannie Mae’s Condo Project Manager (CPM) in the Property and Appraisal Information section of the DU Underwriting Findings report starting with new DU ...

NDC-004 Fannie Mae Approved Projects and Desktop Underwriter (UI) Integration

NOTICE TO NON-DELEGATED CORRESPONDENTS   Fannie Mae Approved Projects and Desktop Underwriter (DU) Integration    Great news! Desktop Underwriter (DU) will now provide Condominium Project information from Fannie Mae’s Condo Project Manager (CPM) in the Property and Appraisal Information section of the DU Underwriting Findings report starting with new DU loan ...

B-012 Fannie Mae Approved Projects and Desktop Underwriter (UI) Integration

NOTICE TO BROKERS   Fannie Mae Approved Projects and Desktop Underwriter (DU) Integration    Great news! Desktop Underwriter (DU) will now provide Condominium Project information from Fannie Mae’s Condo Project Manager (CPM) in the Property and Appraisal Information section of the DU Underwriting Findings report starting with new DU loan submissions ...