Bulletins
AC-020 Reconsideration of Value Updates
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 FHA had rescinded certain components of the ROV process earlier ...
B-015 Quarterly Broker Compensation 2025
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 ...
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 ...
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-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 ...
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 ...
