Bulletins

NOTICE TO ALL CUSTOMERS The Department of Veterans Affairs announced Friday, March, 27, 2020 the temporary valuation practices for VA Mortgages during COVID-19, via Circular 26-20-11 in effect until further notice. Click below to read full Bulletin AC-017_04-02-2020_VA Temporary Property Policies COVID-19 ...

NOTICE TO ALL CUSTOMERS The present pandemic is evolving daily, impacting the mortgage industry in many significant ways. Consequently, because of the rapidly changing circumstances…. Click below to read full Bulletin AC-016_3-31-2020_Changes to Credit Guidelines and IRS Transcripts Updates ...

NOTICE TO ALL CUSTOMERS Closed End Second Mortgages and HELOCs FLCBank is suspending its Closed End Second Mortgage and HELOC Products effective … Updated Temporary Appraisal Policy (Conventional, FHA and USDA Transactions)… Click below to read full Bulletin AC-015_3-31-2020_Product Updates and Temporary Appraisal Policies ...

NOTICE TO ALL CUSTOMERS Cancelling Loan Locks due to Job Loss or Income Curtailment. If you foresee any loan that is locked that needs to be cancelled due to loss of job or curtailment of income, we need to be informed before the close…. Click below to read full Bulletin ...

NOTICE TO ALL CUSTOMERS Closed End Second Mortgages and HELOCs…. Various VA Cash Out Refinances …. Click below to read full Bulletin AC-013_3-27-2020_Important Mortgage Product Updates _ ...

NOTICE TO ALL CUSTOMERS Verification of Employment (All Mortgage Products) Salaried/Hourly/Wage Earner Borrower /Self-Employed Borrower / 3-business days prior to loan closing. / Verbal VOE the Day of Loan Closing (All Mortgage Products) Click below to read full Bulletin AC-012_3-27-2020_Important Announcements ...

NOTICE TO ALL CUSTOMERS Effective with locks, relocks and new loan submissions finaled to FLCBank tomorrow, March 27, 2020, the following will be ineligible transactions under the Gold Jumbo Program…. Click below to read full Bulletin https://www.flcbmtg.com/wp-content/uploads/2020/03/AC-011_3-26-2020_-UpdatesToJumboGold.pdf ...

NOTICE TO ALL CUSTOMERS Temporary Underwriting Requirements on all Mortgage Products and temporary appraisal flexibilities on Conventional Mortgage transactions during the current Coronavirus (COVID-19) situation in relation to verification… Click below to read full Bulletin https://www.flcbmtg.com/wp-content/uploads/2020/03/AC-010_3-26-2020_Temporary-Credit-Policies.pdf ...

NOTICE TO ALL CUSTOMERS FLCBank is implementing additional requirements to its title commitment policy when a mortgage loan is closing in areas where the county recorder’s offices are closed or if the subject property is located in areas where the county recorder’s offices are closed… Click below to read full ...

NOTICE TO ALL CUSTOMERS New Title Endorsement and/or Title Insurance Coverage Requirements. To mitigate this risk, FLCBank is implementing additional requirements to its title commitment policy effective immediately… Click below to read full Bulletin AC-006-3-17-2020_ New Title Endorsement Requirements ...

NOTICE TO ALL CUSTOMERS We received notice from a few of our AMC vendors that there is a Shelter in Place ordered in effect as of March 16, 2020 until to April 7, 2020 in the San Francisco area…. Click below to read full Bulletin AC-005_3-17-2020_CA Shelter In Place Order ...

NOTICE TO ALL CUSTOMERS FLCBank is open for business during our normal business hours. We have business continuity plans that allow us to fully operate all of our mortgage operations; ensuring no disruption to business and the service level we pride ourselves on. Support will be available to help you ...

NOTICE TO ALL CUSTOMERS Gold Jumbo: We have updated the Metropolitan Statistical Area Median Home Price… Freddie Mac has updated their guidance regarding gift funds via Bulletin 2020-1… Texas 50(A)(6) Eligibility Matrix: The eligibility matrix for Texas 50(A)(6) has been updated in both FNMA and FHLMC… USDA The Rural Housing ...

NOTICE TO NDC CUSTOMERS All Non-Delegated (NDC) and Correspondent Lenders report the following: The NDC or Correspondent, as the lender of record, will be responsible for reporting any applicable points and interest they received during 2019 The NDC and Correspondent lenders should consult the IRS or their own tax advisor ...

NOTICE TO ALL BROKERS Florida Capital Bank (FLCB) will have all 1098 and 1099 IRS reporting for 2019 mailed/post marked by January 31, 2020, the deadline date. Please allow ample time for the postmaster to deliver prior to contacting FLCB….. Click below to read full Bulletin 1098 and 1099 IRS ...