Listed below are a few best practices to assist with submission quality, accelerate turn times and mitigate risk.
- Submission of the loan after the D.E. underwriter review and approval. This is a critical step as the lender’s underwriter makes the risk decision. The Georgia Dream underwriter performs a program eligibility/compliance underwrite only.
- Make sure the document submission order matches the DCA checklist.
- Review the submission quality. Eliminate submission of duplicate documents.
- Provide the closing date condition when requested during the compliance review
- Submit the funding/closing documents as quickly as possible after the closing date; best practice - within 10 to 15 days after the closing date.
- Send the original note and check(s) for the first and second mortgage overnight delivery as soon as possible after the closing date.
- Submit an allonge with notes that are missing the original signatures.
- Remember the 2nd mortgage assignment and relate endorsements.
- Provide evidence of FHA mortgage insurance as soon as possible.
- Review the final first and second mortgage CDs for accuracy prior to submission.
- Remember the final 1003 – signed and dated by each borrower.
- Review the final title policy for clerical errors.
- Submit a fully executed, dated, and notarized Transfer and Assignment document, SF-44,
- Stay Connected. We are here to help. Call one of the Georgia Dream team members listed below for assistance:
- Nathan Christiansen, Office Director, 404-679-3126, Nathan.Christiansen@dca.ga.gov
- Tracey Turman, Housing Outreach Coordinator, 470-504-8173, Tracey.Turman@dca.ga.gov.
- Brian Connor, Program Specialist, 404-679-4851, Brian.Connor@dca.ga.gov
- Tamie Lamar, Loan Administration Manager, 404-679-0595, Tamie.Lamar@dca.ga.gov.
- Daniela Vargas, Homeownership Program Coordinator, 404-679-4847, Daniela.Vargas@dca.ga.gov.
- Steven Apell, Loan Production Manager, 404-679-0653, Steven.Apell@dca.ga.gov
- Agatha Turner, Mortgage Loan Underwriter, 404-679-5278, Agatha.Turner@dca.ga.gov.
- Tracy Ali, Mortgage Loan Underwriter, 404-679-1731, Tracy.Ali@dca.ga.gov.