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360 Mortgage Updates Two Product Offerings

NationalMortgageProfessional.com
Oct 10, 2013

360 Mortgage Group LLC has announced that starting Oct. 7, the company is now accepting Manufactured Home property types on DU Refi Plus eligible loans. Essentially 360 Mortgage has removed the property type restriction they had on Home Affordable Refinance Program (HARP) loans and will now accept all property types which are HARP eligible and receive an approve/eligible AUS finding. In addition, 360 Mortgage has amended the 4506-T tax return validation (TRV) requirements.  Borrowers must provide signed tax returns in lieu of a TRV from the IRS.  A signed 4506-T is still required, however a TRV will not be pulled during the government shutdown.  There are some rare situations in which the TRV from the IRS will be required (i.e. more than five properties on the REO) but those scenarios are FNMA imposed and identified on the AUS.
Published
Oct 10, 2013