Broker Application
Instructions

Please complete the Interbank Mortgage Company (“IMC”) Broker Application in detail and attach statements as necessary. Submit the fully completed Application Package to your Account Executive (AE). Should you have any questions / concerns regarding the application, please contact your AE or call: 847-999-7283.

New Broker Information

COMPANY INFORMATION

Additional Branch Offices

Here is the list of additional branch offices, contacts, and fax numbers to add to the Interfirst distribution list.

NOTE: Any additional branches can be supplied to your Interfirst Account executive in an Excel spreadsheet.

Primary Contact Information

CURRENT OFFICERS OF THE COMPANY

Principal Officer / Partner 1/ Owner 1

Principal Officer / Partner 2/ Owner 2

Principal Officer / Partner 3/ Owner 3

LICENSED STATES

List all states in which your company is licensed and provide the corresponding license number(s); provide additional information on another sheet, if necessary.

BROKER PRODUCTION

Please list annual loan volume production in ($$$).

Time Period
Conventional
Government
Jumbo
Other
Totals

Current YTD

Last Year: 2019

Projected Current Year

BROKER LENDER REFERENCES

Furnish three (3) names, addresses, and contact information of lenders / MI Companies with whom you do business.

1. Company:
Type:

Contact Name:

Phone:
Fax:

Email:

2. Company:
Type:

Contact Name:

Phone:
Fax:

Email:

3. Company:
Type:

Contact Name:

Phone:
Fax:

Email:

AGENCY APPROVALS

AFFILIATED BUSINESSES

DECLARATIONS

If “Yes” to any of the following questions, please explain below or attach an explanation.

1. Does the Company or any person employed hold ownership or have any interest in other real estate related businesses, such as insurance, escrow, realty, builder, contractor, or appraisal?

2. Has the Company/ licensee had any formal complaints filed with any regulatory agency in the last five (5) years?

4. Have any of the Principals in the Company been convicted of a felony?

5. Is there any pending litigation with the Company or any of its Principals?

6. Has the Company or any of its Principals ever been investigated or disciplined for misconduct?

CERTIFICATION AND IMC CREDIT AND FRAUD CHECK AUTHORIZATION

I/we further certify that:

  1. Company has fully complied with all federal, state, and local laws and regulations applicable to loans originated by the Company, as well as all provisions of the Wholesale Broker Agreement between the Company and IMC.
  2. All owners and employees are checked against all applicable exclusionary lists, specifically SAM, OFAC, FMEL, FHFA, LDP/GSA, and any other investor exclusionary list, and that no persons appearing on any exclusionary list are employed by or involved in any activities of the Company, and
  3. The compensation Company pays its loan originators complies in all respects with the loan originator compensation provisions of the Truth in Lending Act and Regulation Z, each as amended from time to time.
  4. Company has implemented and will maintain a satisfactory Anti-Money Laundering (“AML”) Program as required by 31 CFR Parts 1010 and 1029, including without limitation the following:
    1. (A)The development of effective internal policies, procedures, and controls;
    2. (B)The designation of a qualified compliance officer;
    3. (C)An ongoing AML employee training program; and
    4. (D)An independent audit function to test the AML Program.
  5. Company has performed and will continue to perform all of its obligations under the Anti-Money Laundering laws and regulations, and any amendments thereto, as to (i) verifying the identity of each customer or client of Company, and (ii) monitoring, recordkeeping, reporting and other obligations regarding transactions and other activity with each customer.
  6. Company has obtained or will promptly obtain an independent audit by a duly qualified and unrelated party or employee of Company’s compliance with the requirements of the Anti-Money Laundering laws and regulations, including independent testing of such compliance.
  7. Company will ensure that the above certifications remain true and accurate for so long as Company has any dealings with IMC and will promptly notify IMC in the event that any of the above certifications cease to be true and accurate at any time.
  8. Company will make any information and records regarding any of the above matters available to IMC upon request.
  9. I/we acknowledge that IMC has a Zero Tolerance Policy regarding loan fraud.

The undersigned, by signing this Recertification, hereby authorizes IMC to obtain verification of information herein from any source (deemed appropriate)

ATTACHMENTS

Please submit the following with this form:
  • Broker Agreement
  • Current QC plan, if available
  • Recent investor scorecards, if available
  • Most recent financial statement, year to date, covering a minimum 90 day period
  • Declaration pages from E&O and Fidelity Coverage
  • Resumes of Officers or key employees added within the past twelve (12) months
  • Fair Lending policies, procedures, and any training materials, if available
You can only upload pdf files.

Resumes

Quality Control Plan

Current Financial Statement

Affiliated Business Disclosure

Articles of Incorporation or Articles of Organization