Does Arch MI require the Earnest Money to be verified/documented if the asset is backed out of their liquid assets?

Does Arch MI require the Earnest Money to be verified/documented if the asset is backed out of their liquid assets?
November 6, 2018 Rebecca Vanhooser

Does Arch MI require the Earnest Money to be verified/documented if the asset is backed out of their liquid assets?

Arch does not require the Earnest Money deposit to be verified/documented provided the borrower still meets their minimum contribution and has sufficient funds for closing and reserves when that amount is backed out of their available funds.  Customer should check their investor’s requirements as they may differ.

Last Updated On November 06, 2018