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Can Arch MI review partial documentation on a delegated loan, to make sure it is okay?
-Can Arch MI review partial documentation on a delegated loan, to make sure it is okay?
We are unable to provide a review or approval of partial loan documentation for a delegated file. If you have any doubt about whether a file or any of its documentation meets guidelines, we encourage a full file (non-delegated) submission.
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Can Arch MI review partial documentation in advance of a file submission?
-Can Arch MI review partial documentation in advance of a file submission?
In an effort to fully review the item(s) in context of the overall loan and risk, we are unable to perform a detailed review or provide approvals pertaining to specific file documentation without a full file (non-delegated) submission. If your concern is not property related and you have not yet obtained an appraisal, that’s okay – we can review the credit package and issue a decision with a condition for the appraisal.
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What documentation should be submitted to request non-delegated full file review?
-What documentation should be submitted to request non-delegated full file review?
The attached link will provide a detailed list of required documents for non-delegated submission. https://mi.archcapgroup.com/Portals/1/Documents/origination/RequiredUWDocumentsFlyer_NR.pdf
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Can I submit credit documents for review before the appraisal is available?
-Can I submit credit documents for review before the appraisal is available?
Yes, we are happy to review a file submitted before the appraisal is obtained. Our underwriters will review the credit package. If approved, we will condition for satisfactory appraisal.
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Can Arch MI review a single document before a loan is submitted?
-Can Arch MI review a single document (for example, just the appraisal, condo questionnaire, tax return etc.) before a loan is submitted?
In order to ensure a thorough analysis and better assessment of overall risk, we require a full file to review. We are unable to issue a decision unless a file is submitted.
